Latest Intelligence on Current Accounts in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

Tesco Bank: FSA delays may prove disadvantageous in the mortgage field

Tesco Bank's plans to launch a competitive mortgage offering could be hit by the FSA's hardened stance on new entrants following the credit crunch, as well as a shortage of funding. To be able to provide a marketable offering, Tesco will need to boost its savings base, and so it will continue to bring out competitive savings products.

Published By Datamonitor
08 Oct 2010
CommentWire
CommentWire

UK banking: premium services will only succeed with the right benefits

Fee-based current accounts are now offered by many big FS players, but UK consumers appear unwilling to use them. Recent Datamonitor research shows that it may be the benefits themselves that are not attractive; therefore, offering the right extras will help to draw in consumers and strengthen the relationship they have with their bank.

Published By Datamonitor
24 Sep 2010
Expert View
Expert View

Metro Bank, day one: new player stirs up the competition, but will it stick around?

Metro Bank opened its first branch in London on July 29, to a significant amount of press and media attention. The firm is hoping to shake up UK banking, and it is certainly putting the likes of Barclays on edge. With uncompetitive rates and a limited target market, however, Datamonitor wonders whether the company's gimmicks will be enough to ensure its success.

Published By Datamonitor
30 Jul 2010
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Expert View

UK government brings bank charges back into the public eye

The UK's recently-elected coalition government has made the abolition of 'unfair' bank fees and charges one of its key policies going forward. However, it is unclear how the government intends to enforce such legislation, and while the move appears to represent a good deal for consumers, there are significant downsides for both the industry and individuals.

Published By Datamonitor
21 May 2010
CommentWire
CommentWire

2010 UK Budget: bank accounts for all

The British Chancellor of the Exchequer Alistair Darling has announced plans in his 2010 Budget to broaden access to financial services by compelling banks to provide accounts to all consumers, regardless of their financial status. However, the extra costs that this proposal may impose on banks could encourage them to levy monthly fees on all account holders in an effort to maintain profit levels.

Published By Datamonitor
25 Mar 2010
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Expert View

Bank of Scotland: facing the return of the crusade against fees and charges

The Bank of Scotland is preparing for a court visit this summer after an unfair fees and charges case was revived at Glasgow's Sheriff Court. The reopening of the case may have been inevitable and, should it be successful, would force banks to reassess their revenue models.

Published By Datamonitor
25 Feb 2010
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Expert View

Current account holders still dubious about switching

Datamonitor research has shown that British consumers are wary of switching current account providers. New research commissioned by PricewaterhouseCoopers supports this, highlighting that consumers remain unconvinced of the benefits of switching despite new market entrants. Providers must go further to attract new business, including harnessing the power of social media.

Published By Datamonitor
27 Jan 2010
CommentWire
CommentWire

Poland: a new wave of developments will determine the success of contactless cards

PKO Bank Polski, Poland's largest card issuer, is to reissue its 6.5 million debit cards with Visa payWave between June 2010 and the end of 2011, adding to the 40,000 already issued by Bank Zachodni. It is now vital that Visa acts on its plans to grow the number of accepting terminals in Poland to 20,000 during 2010, as without an adequate network, contactless technology's impact may be limited.

Published By Datamonitor
27 Jan 2010
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Expert View

Central and Eastern Europe provides opportunities for the cards industry despite the recession

The impact of the financial crisis has been felt across Europe, but that does not mean that opportunities in the card industry have dried up. In the face of contraction across the west of the continent there will be moderate growth in Central and Eastern Europe during 2010, and this will become stronger from 2011, showing that there are still good prospects for issuers with the right strategy.

Published By Datamonitor
12 Jan 2010
CommentWire
CommentWire

RBS: move towards traditional banking modes is a sign of a wider shift in the cards market

On October 1, the Royal Bank of Scotland said that its RBS and NatWest brands will no longer issue new credit cards to anyone other than their current account customers. The move, coming as it does on the heels of an announcement by HSBC that it will be focusing on its existing clients, suggests a continuing shift towards traditional banking models for credit card issuers.

Published By Datamonitor
15 Oct 2009

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