The most competitive sector accounts for about one-quarter of the traditional payment is bank profi

Until it is the largest company in the United States was a computer company Apple is selling music until they are five years, the company is the world's largest selling music just did not take only seven years. There blow 85% of the market capitalization of the top GPS (Navigation) company since the launch of the Google Maps app is a mobile search company, it took only 18 months. Not been three years, which is the Amazon bna of China, Alibaba has been a $ 16 billion lending institutions (17 trillion won) in size, was (Money Market Fund) MMF sales company is the largest in China in seven months.
This means a great challenge for the Bank (the finance company) in developed countries, growth and profitability are still staying on the half of the previous crisis. While recovering from the recession, financial firms came to gradually erode the value chain of financial institutions to actively promote the digital revolution, non-bank (the non-financial companies) sector. The estimated revenue is less of a traditional financial institution about one-third by 2020 due to competition from non-financial firms that exendin danced.
The most competitive sector accounts for about one-quarter of the traditional payment is bank profits. Now occupies the first place in some countries Paypal online payment market is worth billions of dollars has been rated as Start-up companies are square or stripe. The Market retailers jumping on the chair as well. If Starbucks has made itself through loyalty cards (prepaid) for almost one-third of sales in the United States.
Non-financial companies are also entering areas such as core checking and savings deposits and slowly. Came up with the cash to plastic cards for Google Wallet, Google recently. Has launched a smartphone app and using an ATM card T-Mobile is the new Quick Service. Got to the prepaid card market with the same functionality and American bna Express Teller account and hand, has secured more than 100 million customers a year, Wal-Mart bna does not.
Giant technology companies, telecommunications companies, retailers have to compete with the service until the service for finance companies and products for product, it will take some time. And, many people think that the regulatory barriers hinder the disruptive innovation. However, new market entrants will increase the level of customer service expected, by the distance between the customer and away the financial company bna already has become a threat to the existing financial companies. bna
Customers in the financial life of the non-financial companies will be the new face (contact) is a new competitor that the bank only a limited role of back-office public goods (such as billing and infrastructure) to isolated place, facing the threat of a bank. That actively support the new services provided by non-financial companies (Simple, from large corporations such as Google and T-Mobile, as well as venture Moven) The Bancorp bna Bank and as Private-label (self OEM brand, manufacturing, product distribution, such as PB shows well that is not high regulatory barriers that emerged concept than I thought) of the Bank.
Simply can not cope with this threat to be "more digital" methods such as point reduction and release a better mobile and online banking, is a traditional financial companies. If you want to defend their region from Google and Paypal worldwide financial firms into the economic life of the customers themselves should only go deeper. To learn how to do more, as well as before bna and after that role, from the moment of their banking financial company.
It offers mobile apps that provide personalized advice and product suggestions based on customer's location and purchase history data, which is one of the largest in Turkey, Garanti Bank is. Utilizes GPS and Foursquare (location-based SNS), the proposed items for a savings to tell whether nearby businesses to provide customers with affordable bna this app. And tells you how much we still have to account for the remainder of the month, based on estimates of past transactions.
Provides cash back when you purchase from a regular store customer service by analyzing the transaction data is Bank of America. The receipt of an offer (benefits proposal) by clicking at the bottom of the previous trading inventory on-line customers specification button. Cash back with their purchases are made at regular bank account the next time the customer shops. Had returned $ 17 million bna in cash (187 million won) to customers through these banks Cardlytics technology.
Buying a home through mobile apps help you take advantage of augmented reality technology, Commonwealth Bank of Australia. You can bring some very detailed information about the home, such as a monthly mortgage insurance payment or just the housing that holds the camera screen of their smartphone customers will obtain bna the house. And covers 95% of all homes in Australia and has a record 2 million searches per week, this app will be.
The car purchase and get the benefits customers by providing information on the actual bna selling price of the car price, not to customers in the United States based on data from TrueCar, to discuss and promote the bank's five insurance simultaneously BBVA is were. Furthermore, one foot in another country, and these services are envisioned, and even review also plans to allow car dealers to negotiate on behalf of their customers and this information was fluent in automotive experts of the Bank Innovation Lab.
As in many places vague boundaries of the industry, will form a new meaning in the head of the Consumer Financial Services' concept gradually. It says quite quickly. Only to leave in order to continue to finance profitable projects, which allows you to simply provide a savings account or investment fund must not rely on. Will be determined by the ability to provide a service to help you better manage to collect money from customers' everyday banking is future of financial bna companies. . .
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