Banks are notoriously averse to adopting new technology. Many big banks remain attached to their legacy IT environments and are very concerned about cloud security and privacy. As big banks look to move functions to hosted environments, payment processing and document management are good starting points. Small banks find it easier to adopt cloud-based services as they are not weighed by a legacy IT environment.

It is often echoed in the media how dangerous deflation is. But, when it comes to ‘why’, journalists, bankers and even economists have a hard time putting together a clear and concise argument. Banking Reports, Ltd. has created this list of ‘A Dozen Dangers of Deflation’.

A Series Identifying Trends, Challenges and Opportunities Banks and Bankers Will Face in 2015

In Part-1 and Part-2 of this three-part series, Banking Reports, Ltd. Research, a leading research firm covering the banking industry, identified six significant trends that are projected to impact the banking sector during 2015. These trends have included: Apple Pay, FED rate-hike, African banking, the Chinese banking system, crypto-currencies and commodity-sensitive economies. In  this final installment, Banking Reports will explore four final trends and how they will impact the industry this year, including: PayPal, FinTech vs. FinServ, Europe's struggles, and the biggest challenges and successes for the upcoming year.

A Series Identifying Trends, Challenges and Opportunities Banks and Bankers Will Face in 2015

In Part-1 of this three-part series, Banking Reports, Ltd. Research, a leading banking industry research firm, identified the first three, out of a total of 10, trends that will impact the banking industry throughout 2015, including: Apple Pay, FED rate-hike and African banking. In this second installment, we will take a look at trends in the Chinese banking system, crypto-currencies and commodity-sensitive economies.

A Series Identifying Trends, Challenges and Opportunities Banks and Bankers Will Face in 2015

Bankers throughout the globe primarily focus on operating their banks in a safe and efficient way. But, they have little time to gain clear, established and organized information about the industry as a whole, and as we move into a new year, it is as critical of a time as ever to understand the factors that will be driving the industry moving forward. Therefore, Banking Reports, Ltd. Research, a leading banking industry research firm, has identified the following trends to help bankers better understand the challenges and opportunities that will arise throughout 2015.

Every researcher relishes in the job of assisting clients with ongoing, diverse needs for market data. Having a unique platform that provides value to users enhances the job even further. As a Global Account Manager specializing in delivering Enterprise Market Intelligence Platforms to the Financial Services industry, I have come to realize how advanced this industry is with regards to investing in the best tools to answer its diverse and constant pace of information requirements.

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Every industry views market research differently. It's necessity, functionality and delivery vary by market, adapting to each industry's specific intelligence needs. However, the reality is that market research is far more easily obtained and applied in certain fields than in others. Probably the most difficult industries to successfully accomplish this are those that run on a project-to-project basis. This ultimately boils down to their fast-paced, ever-changing nature. For instance, just take a look at the Business Services and Banking industries. Whether dealing in private equity, insurance, banking or strategy consulting, these markets' focus is dedicated to high-pressure, project-based needs. So, in order to understand how market research can be used within these types of industries, you have to assess and overcome a variety of challenges.

Despite the hype, mobile payments are still rare and likely to remain so over the next ten years, at least in the developed world. It appears that the market leaders, in particular large banks, have little incentive to invest in alternative payments.

Taking into account current knowledge of market drivers, the global value of mobile payments will triple from $311 billion in 2013 to $1.1 trillion in 2017, representing a rise from less than 1% to 3% of the world card payments.

While e-commerce has become mainstream, most online purchases are still card based.

MarketResearch.com partners with over 700 publishers to offer customers the most comprehensive collection of diverse business intelligence. Each publisher has its own story and offers unique and insightful perspective into the industries they cover. This week, MarketResearch.com is spotlighting economic and business research firm Timetric. Read on to learn more about Timetric and their products.