UK Consumers and Retail Banking market report
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Consumers and Retail Banking market, and the behaviours, preferences and habits of the consumer.
Mintel has the answers you’re looking for
What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Scope of this Report
This Report explores the key challenges and opportunities facing retail banking providers. It covers product ownership and the challenges in cross-selling to existing customers. The Report also looks at how likely consumers are to switch current account provider in the next 12 months, and whether they have any concerns about the switching process that might stand in their way.
Consumers’ frustrations with their main bank/building society are also analysed, in addition to the factors that would be most important to them when selecting a new current account provider. Finally the Report looks at ways in which providers could encourage consumers to share their financial information with companies other than their main bank, ahead of the implementation of Open Banking regulations in early 2018
Expert analysis from a specialist in the field
Written by Paul Davies, a leading analyst in the UK sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
People who are considering switching banks are the most likely to opt in to sharing their financial data with third parties. This suggests that upcoming Open Banking regulations may help to boost competition in the retail banking sector, as those in the market for a new provider could be won over by personalised deals and a streamlined application process.However, the implementation of Open Banking is unlikely to suddenly lead ...
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What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
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