New Zealand has a highly concentrated market for most financial products, with ANZ, ASB, and Westpac dominating the provision of current accounts, savings accounts, and mortgages. Consumers are cautious in their choice of provider, favoring those with strong reputations and nearby branches. Mobile is now a significant channel for routine transactions, although use is heavily skewed towards younger age groups. Satisfaction with digital channels is significantly higher than for branches and call centers.

Synopsis

Verdict Financial’s “Retail Banking Country Snapshot: New Zealand 2016” reviews the retail banking sector in New Zealand, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our Retail Banking Insight Survey.

The report offers insight into:

– How consumers in New Zealand take out and use their financial products, and how this has changed in recent years.

– Which providers dominate the current account, savings, mortgage, and loan markets, and what factors persuaded their customers to choose them.

– The extent to which consumers are using online and mobile channels to research, take out, and use their financial products.

Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/retail-banking-country-snapshot-new-zealand/request-sample

Key Findings

– Among consumers as a whole, reputation and branch location are the two most influential drivers of choice of current account provider, and are particularly important to post-family consumers. Younger consumers are particularly reliant on personal recommendations.

– Borrowers overwhelmingly prefer direct application for mortgages, with 70% of all current borrowers having chosen this option. However, this has fallen slightly over time, while independent financial advisors and specialist brokers have both claimed a rising share of the market.

– Online is the most heavily used banking channel, with a third of consumers engaging with it every day. Older consumers are as reliant on it as younger consumers. The channel is mature and hence boasts high levels of usability and functionality that appeal equally to all age groups.

Download Full Research Report @ http://www.radiantinsights.com/research/retail-banking-country-snapshot-new-zealand

Reasons To Buy

– Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting New Zealand’s retail banking sector.

– Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.

– Learn about the impact new entrants and distribution channels will have on the market.

Browse All Reports of This Category @ http://www.radiantinsights.com/catalog/financial-services

About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:

Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States

Advertisements