2014 Consumers and Retail Banking Market in UK Trend and Forecast

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Most up-to-date research on "Consumers and Retail Banking - UK - September 2014" to its huge collection of research reports. UK retail banking is not a sector that is traditionally used to large-scale disruption. However, it is entering a period of upheaval as a result of a number of factors ranging from polarised demographics and digital disruption, to increased regulatory pressure and a constant wave of reputation-damaging scandals. Perhaps the only constant has been the level of inertia among consumers. Even this can’t be relied on, though. Other markets have shown the way in which technology has enabled rapid transformation. The incumbents can’t afford to be complacent. Browse Detail Report With TOC @ http://www.researchmoz.us/consumers-and-retail-banking-uk-september-2014-report.html Table of Content Introduction Abbreviations Executive Summary Market share Top five banking groups account for 85% market share Figure 1: Main current account provider, by banking group, May 2014 Product ownership and channel use Product ownership and cross-sales Incumbents increasingly at risk of losing wallet share Figure 2: Products held and cross-sales, May 2014 Frequency of use of main banking channels Online and mobile banking integrate banking into everyday life Figure 3: Frequency of banking channel use, May 2014 Perceived value of banking channels Online banking leads the way Figure 4: Importance of banking services, May 2014 Attitudes towards retail banking Bargain hunting increasingly important to consumers Figure 5: Consumer attitudes towards banking, May 2014 Account switching Consumer intentions in using the Current Account Switch Service Inertia reigns supreme Figure 6: Consumer intentions in using the Current Account Switch Service, May 2014 Awareness of the current account switch service Three quarters of consumers aware of the Current Account Switch Service Figure 7: Awareness of the Current Account Switch Service, May 2014 Features/services appealing to potential switchers Banks face a difficult decision when it comes to channel prioritisation Figure 8: Features/services appealing to potential switchers, May 2014 Consideration of switching to various banking providers Challengers start to appeal to consumers Figure 9: Consideration of switching to various banking providers, May 2014 What we think Browse Reports in Banking @ http://www.researchmoz.us/banking-market-reports-159.html Issues and Insights As long as people still believe that banks are “all the same”, the Current Account Switch Service will have minimal impact The facts The implications Challenging demographics: how to impress Generation Y The facts The implications Are we looking at a future of branchless banks? The facts The implications Adapting the branch to fit diverse consumer requirements The facts The implications Trend Application Inter-generational Knowledge Exchange Predictive financial advice at your fingertips Access Anything, Anywhere For More Reports Browse @ https://www.linkedin.com/today/author/68229468   About ResearchMoz   ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.   For More Information Kindly Contact: Email: sales@researchmoz.us

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