Insight Report: Non-Bank Providers of Payments and Financial Services – Best practices and Case Studies
Rockville, MD (PRWEB) March 06, 2014 -- Insight Report: Non-Bank Providers of Payments and Financial Services – Best practices and Case Studies
Non-bank payments and financial service (NBPFS) providers are facing difficulties in terms of expanding and defending their market shares, as a result of changes in regulatory dynamics, the economic environment and competitive landscapes. Companies are under pressure to deleverage and seek alternative sources of profit, as key economies remain weak and competition has increased. In this altered environment, a new operating model is needed, one that is rooted in attaining a primary relationship with the customer through the rebuilding of trust and the forging of active customer relationships. A number of NBPFS providers, both established and new, are setting best-practice examples in capitalizing on technology and their relationships with customers to enhance business potential, despite several hurdles to growth. This report explores key best practices adopted by NBPFS providers to stay competitive in the dynamic world of financial services.
New technology is being adopted by NBPFS providers all over the world to renovate their operating structures. By implementing analytical tools in lending processes, and incorporating communications devices and modes such as mobile phones and mobile broadband into their operations, NBPFS providers are shifting the focus from bricks-and-mortar branches towards digital structures to increase consumer convenience and lower costs. Mobile payments are also increasingly being adopted by customers and companies alike. Additionally, these communication channels are being used for advertising and branding purposes; several NBPFS are now utilizing mobile and social media platforms as a key part of the branding process for products and services.
While regulation in the NBPFS sector has traditionally been relatively liberal, the scenario is expected to change, primarily due to weaknesses exposed in the current financial system during the slowdown, and due to the persistent effects of the negative global economic environment. Regulatory pressures, however, are not only due to the negative economic environment, are also driven by the need to control money-laundering and its use in illicit activity. However, the sector’s regulatory landscape is highly dependent on the region in which the company operates.
To order this report:
Insight Report: Non-Bank Providers of Payments and Financial Services – Best practices and Case Studies
Contact: Shauna
800.298.5699
Customerservice(at)marketresearch(dot)com
Timetric
Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. We provide detailed economic and sector intelligence, business insights and authoritative, independent commentary.
About MarketResearch.com
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world’s most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com’s Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance.
Follow us on Facebook http://www.facebook.com/marketresearchdotcom.
Follow us on Twitter http://www.twitter.com/marketresearch_.
Insight Report: Non-Bank Providers of Payments and Financial Services – Best practices and Case Studies - Table of Contents:
1 Executive Summary
2 Global NBPFS Industry Dynamics
3 Emerging Trends and Challenges
3.1 Key Trends
3.1.1 Shift towards consumer-centric business models
3.1.2 Increased focus on targeting SMEs
3.1.3 Marketing efforts shifting to mobile platforms
3.1.4 Increased utilization of technology to lower costs and improve efficiency
3.1.5 Rising regulatory pressure for NBPFS providers
3.2 Issues and Challenges
4 Best Practices and Case Examples
5 Appendix
Hae Lee, marketresearch.com, http://www.marketresearch.com/, 240-747-3062, [email protected]
Share this article