Banking and Financial Services — Industry Insights, Data, and Solutions For Business Leaders

Banks Should Adapt Lending Strategies to Account for Increasing Physical Risks of Climate Change, Finds Bain & Company and Jupiter Intelligence

A recent analysis of European banks found that just 18% have begun to integrate physical risks into their mortgage lending strategies. However, the vast majority of European banks are yet to incorporate physical risks into their strategy definition, monitoring processes, target setting, product offering, or client engagement.

Eroding Loyalty Among Banking Customers as They Increasingly Turn to Digital-Native and Neobanks for Ancillary Services, Finds New Bain & Company Study

Of the nearly 30,000 global consumers that Bain & Company recently surveyed, more than 70% said they are interested in having their primary bank use their personal data if it means their banking experiences will be more personalized. This is among the findings of Bain’s 2023 “Customer Behavior and Loyalty in Banking” report.

Data Science and Effective End-to-End Data Analytics Processes Emerge as Success Factor in Establishing Competitive Advantage in the Property Sector

Integrating data science into operations will be vital in executing go-to-market strategies and lead to competitive differentiation for organizations tied to the increasingly dynamic property sector, according to John Rogers, chief innovation officer at CoreLogic, in a recent podcast for journalists.

Intelligent Document Processing (IDP) Market to Grow 55-65% by 2022, as Enterprises Seek Lower Costs Through Automation: Everest Group

IDP vendors are expected to offer more out-of-the-box, pre-trained IDP solutions to meet the demand for faster ROI and quicker deployment. Cost impact is now the key driver for IDP adoption as enterprises seek to realize tangible benefits from the technology, closely followed by improving operational efficiency and productivity.

The Future of Money is Digital for Traditional Banks, According to Everest Group Findings

Everest Group reports the year 2020 and Q1 2021 produced a seven-fold surge in retail and institutional investments in cryptocurrencies and related crypto assets, driven by increased investor demand, pandemic-fostered digitalization and clarity in regulatory tenets. The cryptocurrency market hovered around $2 trillion through April 2021 and is projected to reach $24 trillion by 2027. Traditional banks are realizing digital assets are the future of money.