2022 Digital Transformation of Retail Banks: How Tools like WeCom can Help
Paid Research

2022 Digital Transformation of Retail Banks: How Tools like WeCom can Help

Paid Research

2022 Digital Transformation of Retail Banks: How Tools like WeCom can Help

Financials Author: Mianmian Wang Apr 26, 2022 12:26 PM (GMT+8)

ContributorsJuanli Zhu

EditorTao Ni, Xiangru Chen

Pages49

CopyrightEqualOcean Intelligence

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Introduction

The rapid development of the digital economy and society, coupled with the adverse impact of the COVID-19 in 2020, has significantly altered the current Chinese banking business growth model. In this report, EqualOcean discussed the digital transformation of retail banking in China and how Wecom can help this transformation. Notably, the report is currently in Chinese. If necessary, we provide the English version instead with an extra fee. Please contact us via contact@EqualOcean for details.

Highlights

  • Statistics showed that digital transformation is the key of the future of retail banking business.
  • Based on research, Wecom, a subsidiary of social media platform Wechat, will be the best enginee to boost the digital transformation with its large user base.
  • In the long term, digital transformation of retail banking will gain more momentum in the future.

Contents

  • 1 An overview of current situation of retail banking in China
  • 2 How Wecom can help and recommendations of industry partners
  • 3 Future trends

In this report

31 exhibits

visually explaining the banking industry and the roles Wecom play

3 case studies

analyzing how Wecom and relevant industry partners can accelerate the digital transoformation

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About the research

EqualOcean Intelligence is the research and consulting division of EqualOcean. It provides market and investment analysis, as well as advisory services for global enterprises and public decision-makers. Widely recognized across a number of industries thanks to its service capacity and research methodology, EqualOcean Intelligence closely tracks cutting-edge technologies, applying unique frameworks and models to solve longstanding and emerging problems.

EqualOcean Intelligence's scope comprises eight major sectors: technology, consumer, healthcare, automotive, industrials, financials, communication and real estate. With over 100 experienced and qualified analysts at work, EqualOcean Intelligence is one of the few institutions delivering content in both English and Chinese, together with the requisite expertise to interpret both cultures. This rare talent mix is one of the reasons EqualOcean is widely quoted by so many top global publications.

Leveraging two major channels – EqualOcean.com and iyiou.com – and supported by a network of thousands of technology and industry experts, EqualOcean Intelligence is a highly competitive player in business analysis, in China and around the world.

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