Retail Banking in 2018: Development, Improvement, Advantages, Key Trends & Future Opportunity

Market Research HUB

Albany, USA, 2018-Jun-29 — /EPR Network/ — Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “2018: Key Trends in Retail Banking” provides an in-depth analysis of the Retail Banking with the forecast of market size and growth. The analysis includes addressable market, market by volume, and market share by business type and by segment (external and in-house).The research study examines the Retail Banking on the basis of a number of criteria, such as the product type, application, and its geographical presence.

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Several trends will drive developments in retail banking in 2018, including factors as diverse as changes to the regulatory environment, the development of open banking, improvements in digital servicing, and the reconfiguring of branch networks.

This report identifies seven key trends that will shape the retail banking market in 2018, to which providers will need to respond and adapt. It offers insight into –
– The likely impact of technological developments on the retail banking industry in 2018.
– Changes in the competitive and regulatory environments.
– Which providers are making the most headway in responding to and taking advantage of the these trends.


– Growth in open banking will be limited in 2018, with consumer resistance and slow progress by the largest banks being the main barriers. However, regulators around the world are establishing open banking frameworks that will boost adoption in the longer term.
– Major banks will continue to downsize their branch network in response to declining footfall and a desire to cut operating costs. Remaining branches will be repurposed to focus on advice provision and other added-value activities.
– Providers will increase efforts to improve their digital onboarding capabilities, using mobile image capture to automate the Know Your Customer process. An increasing number of providers will offer fully digital application procedures for complex products such as mortgages.

Reasons to buy

– Identifies the most important trends that will affect retail banking in 2018.
– Assesses the impact of competitive, consumer, and technological developments on the retail banking industry.
– Offers insight on the providers that are making the greatest impact in these areas.

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Key Trends

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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of banking market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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