Scenario-Based Financial Services: The Next Generation of Financial Distribution Channels

by Hua Zhang, September 12, 2016
Industry Trends
Asia-Pacific

Abstract

Celent has released a new report titled Scenario-Based Financial Services: The Next Generation of Financial Distribution Channels. The report was written by Hua Zhang, analyst in Celent’s Asian Financial Services practice.

Today, scenario-based financial services have begun to appear in situations such as taxi rides, payments, etc. These services are the future of financial channels, and they will also have a profound impact on the design and innovation of financial products.

Scenario-based financial services are the integration of financial services (including: banking, securities, and insurance) into the work and lifestyle of users, where financial needs and various scenarios are linked together.

“The main business models include large Internet companies setting up their own financial institutions, these financial institutions extending into the Internet to realize a complete business system, and the development of small- and medium-size Internet companies in the vertical market, connecting users with financial institutions,” says Zhang.

This 20-page report contains eight figures and three tables.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

 

Key Research Questions

1

Why Will Scenario-Based Services Become the Next Generation of Financial Services?

3

Scenario-Based Financial Services of Large Internet Companies

5

 

Alibaba

6

 

Tencent

7

 

Baidu

7

Scenario-Based Financial Services of Traditional Financial Institutions: The Case of Ping An

9

Other Scenario-Based Financial Services in the Retail Industry

11

 

Installments

11

 

Insurance

11

 

SaaS-Based Corporate Services

12

Conclusion

14

Leveraging Celent’s Expertise

15

 

Support for Financial Institutions

15

 

Support for Vendors

15

Related Celent Research

16

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