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Home > Business/Finance > Financial Services > Electronic Transactions
Online Banking In The United Kingdom: A Full Competitive Analysis With Forecasts to 2006
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| Published Date:
February 2003
Published By:
Business Insights
Page Count:
258
Order Code:
R162-271
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| The UK Internet banking market is maturing fast: despite the bursting of the technological bubble in the late 1990s, no ambitious bank can ignore the possibilities of an increasingly Internet-orientated public. Datamonitor estimates that there are currently 7.5 million Internet banking customers in the UK. Three years ago it was widely thought the Internet would replace the branch as the primary distribution channel of banking products. While this has proved not to be the case, it is emerging as one of the key channels behind branch and telephone for distributing certain banking services: The report explains the three different strategies that can be employed to enter the online banking market which are discussed: standalone or "pure-play" Internet bank with separate eBrand; Internet services that are integrated with existing banking services; and a combination of the two. It also includes detailed company analysis of all the major players in the UK online banking market. The report provides invaluable insight for retail banking players wishing to scope competitors, as well as vendors and professional services firms aiming to target online banks.
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