April 16, 2020
Financial Services: Adapting to the Coronavirus (COVID-19) Outbreak
Summary
In the short term, the impact of COVID-19 on consumer financial services will be analogous to the global financial crisis of 2008-09, creating a period of economic paralysis and leaving a massive hole in banks’ balance sheets.
This report provides an early assessment of the impact of the COVID-19 outbreak on the retail banking, payments, wealth management, and the insurance sectors.
Scope
- - Banks are preparing for mass channel changes as customers are expected to shun branches
- - Coronavirus offers unique opportunities for digital teams to ramp up, refine, and prove digital across a much wider range of wealth brackets, age groups, geographies, and use cases.
- - Increased digital activity brought about by COVID-19 could spur greater adoption of fintech and personal financial management tools.
- - Consumers will shift from in-store payments to online payments in order to avoid exposing themselves to the virus.
- - Coronavirus highlights the intricacies of insurance policy wording and the gap in cyber insurance coverage.
Reasons to Buy
- - This report identifies which retail banking markets will be hit hardest by the outbreak of COVID-19.
- - Details how banks are reacting to the outbreak across different markets.
- - Identifies which payment companies have the most exposure to POS terminals vs e-commerce.
- - Explores how consumer payment methods will change and the impact upon the industry.
- - Identifies which markets and investor types are most exposed to equities and funds.
- - Discusses strategic options for wealth managers, drawing lessons from the previous global financial crisis.
- - Highlights the impact of COVID-19 on insurance providers.
Get the Complete Report & TOC @ https://www.primemarketreports.com/reports/2385/financial-servicesadaptingthe-coronavirus-outbreak-615
Table of content
Table of Contents
Retail Banking
Payments
Wealth Management
Insurance
CONTACT US:
North Main Road Koregaon Park, Pune, India - 411001.
International: +1(646)-781-7170
Asia: +91 9169162030
Email: