GCV Analytics defines the financial services sector as encompassing payment technologies and cryptocurrencies, personal finance and wealth management, insurance, alternative lending, crowdfunding, client and risk analytics, firms and funds, social investing and others.
Banks and insurance businesses have continued their accelerated transformation into a more digitised and technologically driven, customer focused and operationally agile industry to address challenges in a rapidly evolving fintech ecosystem.
There has been tremendous monetary expansion in most developed markets after the global financial crisis of 2007-08, with quantitative easing moves in the EU and bailouts in the US. All these developments should favour the retail banking business rather than insurance, where low interest rates are unfavourable. This could,…
