The financial services market comprises all establishments engaged in financial services related activities such as lending, investment management, insurance, brokerages, payments and transferring service. The financial services industry is categorized on the basis of the business model of the firms present in the industry. Majority of firms come under multiple categories.
The top five companies covered are UnitedHealth Group, Industrial and Commercial Bank of China, AXA, Agricultural Bank of China and Bank of China. UnitedHealth Group was the largest company in the financial services market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global financial services market was valued at around $14 trillion in 2017. Asia Pacific was the largest region in the financial services market in 2017, accounting for around 40% market share. The USA was the largest country in the market in 2017, accounting for around 30% market share.
The global payments industry has witnessed rapid increase in the adoption of EMV technology. This growth is driven by a higher level of data security offered by EMV chip and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards including debit, credit, charge and prepaid cards. The chip carries data of the cardholder and the account, which is protected using both hardware and software security measures.
Reinsurers Bundle Their Offerings To Increase Revenues.
Mobile Payments Go Touchless.
Boutique Firms Expand Investment Banking Firms’ Business.
Strict Regulations Drive Innovative Payments Options.
Mobile Trading Makes Investors’ Life Easier.
How You Drive Matters A Lot To Your Insurer.
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