Presented by Vicky Costello, Senior Analyst, Lafferty Group
2014 has been an exciting year for peer-to-peer lending. In the key markets of the US and the UK, in particular, industry players are predicting exponential growth over the next year, with some forecasting that P2P lending could form 20 percent of the consumer lending market within 10 years.
Is the P2P industry a threat or an opportunity for retail banks? With P2P now posing a real threat to the banks’ profits, early adopters within the banking industry have embraced the P2P model. But how will interest rate rises affect the industry? Will the UK and European market go the way of the US – with institutional money pushing individual lenders out of the market? With the largest US platform, Lending Club, due to list on the NYSE by the end of this year, will 2015 be the year that P2P lending enters the mainstream?
In advance of a forthcoming Lafferty report, you are kindly invited to participate in an online focus group to discuss these and other issues.
Presented by Peter Kinahan, Author, Director, KapitoLafferty Brainstroming is an opportunity for a global grouping of experts and enthusiasts in the Cards & Payments and Retail Banking industries to take part in our informal webinars to discuss trends, thoughts, topics and ideas generating interest in the world of financial services. Customer Education & Financial Literacy: The New Banking Imperative Against a background of a concerted push from G20, OECD, World Bank as well as national authorities, how far has the issue of customer education and financial literacy moved up the agendas of retail banks? Has it moved from something "nice to have" to "must have"? Has investment in customer education moved beyond being a marginal corporate social responsibility issue to becoming a strategic imperative with a firm bottom line rationale? In advance of a forthcoming Lafferty report, you are kindly invited to participate in an online focus group to discuss these and other issues. Please join us for this interactive forum by registering now.
Presented by: David Hickey, Researcher, Lafferty Group Western Europe’s credit cards market has rebounded impressively from the effects of the global financial crisis with profits surpassing pre-crisis levels by 2012 and growing further in 2013. In the wake of the crisis, issuers managed to lower default rates by tightening credit criteria and strengthening risk management policies. Meanwhile revenue has also been boosted by low costs of funding leading to increased net interest revenue. This webinar will discuss one of the strongest and most profitable credit cards regions in the world. An affluent mass market, a developed banking infrastructure and a progressive regulatory environment have meant that the market for credit cards has penetrated far and wide.
Presented by: David Hickey, Researcher, Lafferty Group Eastern Europe can be characterised as a developing market when it comes to credit cards. With the exception of Turkey - which compares favourably with many Western European markets - credit card use remains low. Credit Card Profitability: Eastern Europe examines a region that has been on an upward trend in recent years. Revenue has been fuelled by increasing credit card penetration, billed volume and outstandings. At the same time, the cost income ratio is falling and credit losses have been brought under control. Spending on credit cards is forecast to continue growing in the coming years with Russia leading the way. As credit cards become a more mainstream product, there will be opportunities to scale up profits in the industry.
Presented by Vicky Costello, Writer/Analyst, Lafferty Group The credit card is potentially the most profitable product in all of retail banking. In the wake of the global credit crisis, the consumer credit market suffered heavy losses and debit cards surged in popularity, often at the expense of credit cards. However, in several key regions worldwide, credit cards are witnessing a recovery and penetration rates are increasing, regaining lost market share. The webinar will highlight key trends in the credit cards market with revealing data and attractive, easy-to-understand charts and graphs. It will highlight the areas with the greatest potential for growth and profitability and focus on key regions and markets worldwide to provide you with the critical intelligence you need to see where the market is heading.
Presented by David Hickey, Researcher, Lafferty Group and Phathisani Khumalo, Deputy Head of Research, Lafferty Group Latin America is a region that has not only seen impressive growth in the use of payment cards, but can also boast the highest average merchant service charges of any global region.With individual markets having distinct characteristics, the approaches to developing the payments industry have always had to be uniquely tailored to the environment. Despite this diverse picture, the constant theme throughout Latin America is that of markets with the potential for good long-term growth.
Lafferty Group cordially invites you to attend the
Global Management Roundtable
Retail Banking Futures
Date: 26-27 November 2014
Venue: London Hilton on Park Lane, 22 Park Lane, London W1K 1BE
R.S.V.P Michael Lafferty
New Entrants into Retail Banking
Monday 3 November, 3pm GMT
CFA, Author and Financial Analyst