Banking Automation and Roboadvisors Market Industry Outlook, Growth Analysis, By Top …

… Roboadvisors Market Industry Outlook, Growth Analysis, By Top Vendores- Alibaba Antworks Automation Anywhere BlackRock Blue Prism Boston …

“The Global Banking Automation and Roboadvisors Market report by Orbis Research provides a complete view of the Global Banking Automation and Roboadvisors Market. The report also comprises market desirability analysis, regional segments, distribution channel, and the route of administration are benchmarked based on market size, market growth, and general attractiveness. The Global Banking Automation and Roboadvisors Market research report offers detailed information which covers market growth, production, consumption, export, revenue, supply, import, market overview, market segmentation and market growth factors analysis. This report contains several drivers and restraints for the Global Banking Automation and Roboadvisors Market with the growth of the market during the forecast period. Likewise, the report includes a comprehensive analysis of segments based on type, application, and geographical regions. The Global Banking Automation and Roboadvisors Market also provides major manufacturers, industry chain analysis, competitive insights, and market share analysis.

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The Global Banking Automation and Roboadvisors Market report by Orbis Research offers a significant view on the market segmentation on the basis of product type, end-user, and regions. These segments have been studied in-depth based on current and future market trends. In terms of geography, the Global Banking Automation and Roboadvisors Market has been sub-segmented into regions such as South America, Europe, Asia, and MEA. The Global Banking Automation and Roboadvisors Market report provides market share analysis along with an in-depth analysis of the major vendors across the globe. Moreover, the report also includes key strategic growth of the global market on the basis of mergers & acquisition, agreements, partnership, distribution channel, collaboration, and regional growth of major vendors in the global as well as local market.

The Major Players Covered in Global Banking Automation and Roboadvisors Market are:

The key players covered in this study

Alibaba

Antworks

Automation Anywhere

BlackRock

Blue Prism

Boston Consulting Group

Charles Schwab

Cio.com

Facebook

FCA (Financial Conduct Authority)

FutureAdvisor

HSBC

IBM

Ikarus

Global Banking Automation and Roboadvisors Market by Type:

Segment by Type, the product can be split into

Robotic Process Automation

Customer Service Chatbots

Roboadvisors

Global Banking Automation and Roboadvisors Market by Application:

Segment by Application, split into

BFSI

Government/Public Sector

Others

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

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The Global Banking Automation and Roboadvisors Market has been created through high level primary search (observations and surveys of experienced analysts), secondary research (trade journals, industry body database, and reputable paid bases). The study also includes a complete quantitative and qualitative estimations by evaluating data gathered from major market participants and industry analysts from the global market. This report by Global Info Research delivers a complete analysis of dominant trends in the global market, certain government regulations, and macro & micro economic pointers. The report helps the user to understand the landscape of industrial growth with several characteristics of the global market.

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  • Introducing the Global Banking Automation and Roboadvisors Market with details on product overview and scope of the report and executive summary
  • A thorough understanding of market dynamics comprising drivers, trends, challenges and threats that pose tremendous influence towards market growth course
  • The report also underscores data on the sudden COVID-19 pandemic outrage its implications on industries and economy as well as probability of recovery journey.
  • Decisive analysis based on internationally acknowledged research protocols such as PESTEL analysis as well as Porter’s Five Forces have all been mentioned in the report to initiate logical deductions as well as subsequent business discretion for sustainable revenue streams in the market.
  • Details on manufacturer information, regional segmentation as well as COVID-19 specific information have also been shared in the report.

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Revealed – what Brits really want insurance against

When it comes to more serious cover, however, policies related to COVID-19, financial loss and disrupted travel plans topped most Brits’ priorities.

Only online banking fraud, which has seen a steep rise during the lockdown with losses amounting to £208 million in just the first six months of 2020 according to UK Finance, and bad romances ranked higher.

Noisy neighbours and cheating partners rounded out the list’s top five.

“There are some things in life you just can’t insure against,” Jason Smith, chief executive of Money Expert told the Daily Star. “But the more conventional policies are key to peace of mind if we fall ill or lose expensive items.”

When it comes to more serious cover, however, policies related to COVID-19, financial loss and disrupted travel plans topped most Brits’ priorities.

Here are the top 10 list of what Brits really want insurance against, according to Money Expert’s survey.

  1. Online banking fraud – 44%
  2. Bad romances – 22%
  3. Incompetent politicians – 19%
  4. Noisy neighbours – 16%
  5. Cheating partner – 15%
  6. Misuse of social media – 14 %
  7. Lack of common sense – 14%
  8. Career failure – 12%
  9. Trashy TV – 8%
  10. Bad weather – 7%

What Does Marcus Mean to Goldman Sachs’ Stock?

What Does Marcus Mean to Goldman Sachs‘ Stock? Marcus is Goldman’s push into consumer banking, and could play a critical role in the bank’s …

Marcus is Goldman Sachs’(NYSE:GS) digital consumer bank that offers high-yield savings accounts, high-yield certificate of deposits, unsecured loans, and credit cards. Goldman launched the division in 2016, but in recent years it has become much more of a focus for the leading investment bank, as Goldman looks to diversify its revenue mix and add stability to earnings when investment banking and global markets activity isn’t as strong.

Here is what Marcus means to Goldman Sachs and its stock.

Digital Bank

Image source: Getty Images.

How big is the division?

If you look at a breakdown of Goldman Sachs’ revenue, 60% comes from investment banking and trading activities, while the remaining 40% is split between asset management and wealth management and consumer.

Goldman Sachs Q3 Revenue Mix

Image source: Goldman Sachs earnings presentation.

Marcus is part of the consumer slice, and had gathered $96 billion in deposits and $7 billion in loan volume at the end of the third quarter, $3 billion of which is from Goldman’s new Apple card . The $96 billion in deposits is a good haul, considering there are only about 30 banks in the U.S. with more than $100 billion in assets.

However, the consumer division still makes up a small portion of revenue. Of the roughly $1.5 billion of revenue in the third quarter from Goldman’s consumer and wealth management division, nearly $1.2 billion is from wealth management, while $326 million is attributed to the consumer banking, although that’s up 50% year over year .

A key part of the strategy

Although Marcus is still relatively small when you look at the portion of revenue it brings to the mix, it is a critical piece of Goldman’s long-term strategy. The market right now seems to find investment banks with greater revenue diversity more attractive, with the belief that these banks can generate higher earnings when sales, trading, and investment banking activity are not as strong.

For instance, Morgan Stanley(NYSE:MS) has really worked to bulk up its asset and wealth management divisions this year, acquiring E*Trade and then Eaton Vance(NYSE:EV) in two landmark deals collectively worth $20 billion. Once both of those companies are fully integrated, Morgan Stanley expects to generate more revenue from asset and wealth management than investment banking and trading.

Currently trading at about 10 times earnings, Morgan Stanley’s CEO James Gorman said investors are only valuing the company as a pure trading business. However, he said he thinks the stock should and will eventually trade more like one of its main competitors, Charles Schwab(NYSE:SCHW), which trades around 20 times earnings. The majority of Schwab’s revenue comes from a range of banking services and asset management .

Goldman is probably thinking about its consumer and wealth and asset management divisions in a similar way, trying to increase their share of overall revenue. After the third quarter, Goldman is trading at a trailing price-to-earnings multiple of 11.4 , and that’s after two very strong quarters of earnings, leaving it some potential upside.

Look for Marcus to grow

The consumer piece of Goldman has been getting bigger and bigger. Marcus’ high-yield savings accounts expanded into the United Kingdom and performed incredibly well. The investment bank teamed up with Apple to offer a new credit card. Recently, Marcus teamed up with Walmart to offer marketplace sellers lines of credit ranging from $10,000 to $75,000 . Goldman ultimately wants Marcus to be a full-service bank, according to Goldman’s Chief Strategy Officer Stephanie Cohen , so expect Marcus to keep growing and offering new products. As of now, it looks like the more Goldman can increase revenue at Marcus, the higher investors will value the stock.

As Fintech Springs To Life, Bank Branches Die Slow Deaths

What Happened: That speaks to the disruption being caused by the fintech industry and plenty of components in the high-flying ARK Fintech …

Bolstered by the likes of Square SQ, -0.65% and PayPal PYPL, +0.95% — companies that remove the need for customers to have traditional bank accounts, let alone spend time going to a physical branch — ARKF is up more than 76% year-to-date.

Why It’s Important: Physical banking is ripe for disruption like so many other industries, and that disruption is being accelerated by the coronavirus pandemic.

Common sense dictates if going into a bank — where there are likely other people — can be avoided, why not avoid it?

Much like e-commerce, cloud computing and other disruptive technologies, fintech was, well, disrupting before the pandemic . The data on bank branches confirms as much.

“After tracking the usage of financial services across demographic factors such as income, occupation, and age between 2013 and 2017, the Federal Deposit Insurance Corporation (FDIC) reported a drop in the use of bank branches and an increase in digital and mobile banking,” according to ARK Invest research.

Banks are up against it when comes to competing against digital wallets like PayPal and Square on cost.

ARKF’s issuer estimates those companies spend just $20 to acquire each of their customers, while a brick-and-mortar bank spends $1,000 a head.

What’s Next: While some ARKF components and other fintech companies are trying to get traditional bank charters, that doesn’t mean they’ll be opening vast networks of branches.

The data shows they probably should eschew that idea.

As of 2018, it costs $550,000 to run a single bank branch, according to ARK Invest.

To put that staggering sum into context, it’s a nice house in most of ex-California, ex-New York America. Or: $550,000 would buy 2,941 shares of Square, ARKF’s top holding.

“In our view, the 77,000+ bank branches in the US represent an untenable commitment to acquire customers for roughly $1,000 on average and monetize them,” said ARK.

What is tangible is that fixed and sunk costs are meaningful for investors. ARKF is up more than 76% year-to-date, but the S&P Banks Select Industry Index is lower by 32%.

Disclosure: Todd Shriber owns shares of Square.

Courtesy photo.

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Not Going to Do It: Fintech Current Says it will Not Pursue a Bank Charter

Current, a Fintech that offers banking services in partnership with Choice Financial Group, says there is no need to obtain a bank charter as its …

Following the recent news that digital bank Revolut will pursue a bank charter in California, Current has announced it has no intent on doing the same stating they are a “Fintech and not a bank.”

Current, a Fintech that offers banking services in partnership with Choice Financial Group, says there is no need to obtain a bank charter as its banking service is growing rapidly. In fact, Current reports over 1.6 million “members” reporting that it is adding 100,000 members each month since April.

Current bulleted out why being a chartered bank is not in their DNA:

  • Change in our core business KPIs: Our current business model is based on spend and is not dependent on deposits, unlike traditional banks. This allows us to focus on our core demographic, which is the over 130 million people in the U.S. who live paycheck to paycheck. Pursuing our own bank charter would make us no longer deposit agnostic.
  • Target demo: A focus on deposits then would only make sense if we began targeting a more affluent customer, which would be a shift completely away from our mission. We build all of our products right now for our core demographic specifically to address their needs and improve their financial outcomes.
  • Costs: Servicing a bank charter would require a significant amount of capital reserves. The amount of money, time and resources we would need to spend to acquire our own bank charter would mean money, time and resources NOT spent on enhancing our technology and building products to help our members and serve our mission.
  • Unit economics: As a Fintech, we have partnerships with issuing banks. This allows us to each focus on our specialties (for us it is innovation and technology) to create mutually beneficial business relationships. The costs of partnering with an issuing bank are also dramatically less than servicing our own bank charter.
  • We’re solving real problems no one else is: If we pursue a bank charter, we would then be in direct competition with large traditional incumbent banks that service more affluent customers. Instead, we’re focused on solving problems that exist for a third of the people in this country,m who primarily need access to liquidity.

So is Current simply banking done better? That’s a question that is best answered by its account holders.

What is true is that in the US the regulatory environment for banks is highly fragmented and the process to receive a bank charter is an arduous task. By piggy-backing on an already chartered bank, Current can offer the same services in an asset-light ecosystem. No costly bank branches necessary.

While Current is not pursuing a bank charter some other Fintechs have decided to scale the regulatory summit. Varo Money was the first Fintech to actually complete the entire process for a federal bank charter. An odyssey that took years to complete.

LendingClub is in the process of acquiring a chartered bank – somewhat similar to what Goldman Sach’s Marcus accomplished.

Payment Fintech Square is seeking an Industrial Loan Charter (ILC) to offer banking services with an anticipated launch in 2021.

What is clear is that consumers and businesses now have more options to manage their money than they did ten years ago. This is good for them as competition tends to drive costs down while improving services. Meanwhile, industry followers wonder aloud whether Fintechs will be able to scale fast enough to top established banks who may eventually wake up to the need to innovate and close those pesky branches.