There are a number of entities mulling an entry into the UK's retail banking market, with business models ranging from specialized niche offerings for the new mass affluent or small and medium-sized enterprises to fully fledged banking for the general public. Companies looking to succeed in this segment have a range of technology strategies to choose from.
As growing economic pressures take their toll on the retail industry, companies in Western Europe and North America will increasingly look to outsource technology and business processes in a bid to cut costs and focus on core skills. This will provide opportunities for outsourcing, especially for suppliers that can differentiate themselves from the competition with specialized retail knowledge.
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