Gartner Research

China Summary Translation: Adopt Chinese Nonbank Market Approaches to Boost Digital Banking

Published: 16 January 2015

ID: G00273196

Analyst(s): Evan Zeng

Summary

The digital disruption from nonbank financial services providers in China will force banks to compete in the new era of retailing business. Traditional banks worldwide will benefit from adapting key elements of their market approach to deliver more compelling digital user experiences.

Table Of Contents

主要影响

建议

Adopt Chinese Nonbank Market Approaches to Boost Digital Banking

  • Impacts
  • Recommendations

Analysis

  • Yu'ebao and Its Clones Ignite the Competition of Nonbank Financial Services

Impacts and Recommendations

  • Deregulation of China's Banking segment is forcing traditional banks to compete with new nonbank entrants
  • Nonbank financial services providers' increasing reach into the daily lives of consumers will cause customer churn to traditional banks

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