[October 06, 2022]

2022 Thematic Research Report on Personalization in Banking: Personalized Recommendations are Key Drivers for Revenue Growth in Many Industries - ResearchAndMarkets.com

The "Personalization in Banking - Thematic Research" report has been added to ResearchAndMarkets.com's offering.

This report provides an overview of the Personalization theme in Banking. It identifies the key trends impacting growth of the theme over the next 12-24 months, provides consumer survey data on which types of personalization matter most to banks' customers, and includes market-level data on job analytics worldwide within the theme.

It also offers a summary of key merger and acquisition activity, a timeline of key milestones in the theme's development, a technology value chain, as well as firm-level analysis of leading players, both technology providers and financial service providers.

The ability to deliver personalization is not about any one technology or confined to any one area of customer interaction, or one set of bank processes. Instead, a multi-pronged approach is necessary, in which banks identify the types of personalization that promise to unlock the most value and outcome to customers, then seek to increase access to that data, consolidate that data, and run machine learning algorithms on that data to prove results (in increased customer satisfaction, online conversion, etc.), and play those results back to all stakeholders (customers and employees) to drive continued momentum and support for scaling personalization across the enterprise.

Scope

• Personalized recommendations are key drivers for revenue growth in many industries. Amazon reportedly makes 35% of its revenue through recommendations alone, amounting to over $100 million per day.
• According to a recent survey, half of all baby boomers and nearly 60% of older customers indicate that 'receiving a personalized service is not important to me', compared to only 30% for Gen X and below 20% for younger customers (both Gen Y and Gen Z).
• The highest scoring is the preference by Gen Z for tips and advice to help stay within budget. Gen Y and millennials also score highly for this feature.

• Understand key technology, macroeconomic, and regulatory trends impacting Personalization in Banking.
• Identity priority application areas for Personalization in Banking as well as the vendors and banks delivering these experiences to end users
• Access firm-level/case-study insight on the leading private and public players within the Personalization theme in Banking.

Key Topics Covered:

• Executive Summary
• Players
• Thematic Briefing
• Trends
• Technology trends
• Macroeconomic trends
• Regulatory trends
• Industry Analysis
• Mergers and acquisitions
• Timeline
• Value Chain
• Product manufacture and development
• Data management
• Distribution
• Companies
• Financial service providers
• Technology providers
• Sector Scorecard
• Retail banking sector scorecard
• Further Reading
• Thematic Research Methodology
• About the Publisher
• Contact the Publisher

Companies Mentioned

• Amazon
• Google
• Facebook
• Apple
• Alphabet
• Tinkoff Bank
• AIB
• Capital One
• WE Bank
• MyBank
• Monzo
• NatWest/RBS
• Danske Bank
• DBS
• TSB
• BBVA
• Citibank
• mBank
• Revolut
• Credit Agricole
• Barclays
• CreditLadder
• NovaCredit
• Experian
• Equifax
• TransUnion
• Tink
• Bud
• Plaid
• TrueLayer
• Cornami
• Decentriq
• Immuta
• Inpher
• Statice

For more information about this report visit https://www.researchandmarkets.com/r/t69k4z

Source: GlobalData

View source version on businesswire.com: https://www.businesswire.com/news/home/20221006005549/en/

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