Investment banking refers to the creation of capital for other entities such as corporations and governments through advisory activities including brokering trades, selling securities, underwriting debt, and facilitating mergers and acquisitions. Some of the biggest investment banks include Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America Merrill Lynch.
Through research reports and daily briefings, this coverage area will give you actionable insights on the financial services industry unavailable anywhere else, such as the decisions and strategies that digital leaders at banks are making behind closed doors.
The potential for blockchain in banking to eliminate industry pain points is exemplified by heavy interest and investment from incumbents. In 2018, Goldman Sachs-backed crypto finance company Circle went live with its stablecoin, the USD Coin. The following year JPMorgan became the first US bank to create and test its own digital coin, JPM Coin, that customers can redeem in exchange for fiat cash deposited at the bank.
The most prevalent modern banking trend is the shift to digital, specifically online and mobile-first banking. In the era of unprecedented speed and convenience, consumers don’t want to visit a physical branch — they want digital features that will enable them to manage their money, whenever and wherever they want.
Financial Services Industry Overview in 2020: Trends, Statistics & Analysis US Banking Digital Trust Study: Which US banks have the highest levels of digital trust among consumers PPP SMALL BUSINESS LOANS: How $659 billion in coronavirus-linked loans are being spread across lenders, states, and industries PERSONAL FINANCE MANAGEMENT DISRUPTORS: Here’s what banks can learn from innovative providers reaping ROI from personal finance management tools TRANSFORMING USER EXPERIENCE IN BANKING: Here are the strategies winning financial institutions are using to deliver a superior user experience THE GLOBAL NEOBANKS REPORT: How 26 upstarts are winning customers and pivoting from hyper-growth to profitability in a $27 billion market The digital trends disrupting the banking industry in 2020 The future of retail, mobile, online & digital-only banking technology State of mobile banking in 2020: top apps, features, statistics and market trends How banking-as-a-service works and industry outlook for 2020 Chime is piloting instant stimulus check disbursals Bank of America, Citi, Chase, and Wells Fargo have shifted employees to deal with defaulted loans Here are the 50 Largest Banks in Europe Largest Banks in the US by Assets in 2020 Blockchain in Banking: An inside look at four banks’ early blockchain successes and failures Banking and Payments for Gen Z: These digital natives are the next big opportunity — here are the winning strategies The Monetization of Open Banking: How legacy institutions can use open banking to develop new revenue streams, reach more customers, and avoid losing out to neobanks and fintechs AI in Banking: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using The Evolution of the US Neobank Market: Why the US digital-only banking space may finally be poised for the spotlight View More Banking Industry Terms What is the banking industry? The banking industry is a network of financial institutions licensed to provide banking services to customers. Primary services include storing and transferring money, extending lines of credit, and managing the risks of wealth. Additionally, there are many specialized services and subdivisions of banking cropping up within the larger industry.
A bank loan is a sum of money a bank issues to customers under the conditions that they will repay the amount in monthly installments within a fixed amount of time. Loans can be comprised of the bank’s own capital or fronted by deposits from other customers.
Mortgage banks are licensed entities that originate and service mortgage loans directly to consumers to help them purchase real estate. These banks typically loan their own capital and make them up either by collecting payments or selling them on the secondary market. They also generate revenue by charging origination fees.
Open banking is a global movement underpinned by the idea that ownership of financial data should be put in the hands of consumers, rather than banks. It uses application programming interfaces to provide users and customer-permitted third-party providers with a network of financial institutions’ data to facilitate payments.
Few banks feel completely prepared to leverage digital technologies. Banking chart from Insider Intelligence Resources Featured Banking Articles
The financial sector affects all of our day-to-day lives, and accounts for over 7% of US GDP. As the world adopts more digital solutions amid the coronavirus pandemic, the future of banking technology is bright. New technologies and emerging players are opening the industry to high growth around the world.
Blockchain, one of the most hyped technologies within financial services, has several upsides in banking and financial services, including easing the costs of cross-border payments, increasing the efficiency of trade finance processes, streamlining digital identity verification, and improving regulatory compliance processes.
Corporate banking, interesting banking articles also known as business banking, refers to the network of financial services institutions that serve corporate customers. These banks lend out to businesses to help them expand and hire new employees, in turn helping to grow the economy.
This transformation has led to increased competition from digital-only neobanks , tech companies, and other nonbank players adopting financial services functions, as well as consolidation of smaller challenger banks and fintech startups .
Latest interesting banking articles Banking Industry News & Analysis Business InsiderLatest interesting banking articles Banking Industry News & Analysis Business Insider
There are many different types of bank loans, including auto, mortgage, and personal. They can be secured, meaning attached to some type of collateral such as a car or a house, or unsecured. They can also have a fixed or variable interest rate depending on the bank, type of loan, and the customer’s credit rating.
Along with the popularity of online banking has come an accelerated demand for mobile-first features, particularly among digitally-savvy millennials and Gen Zers. Most competitive banks now offer mobile banking , or the ability to complete financial transactions via a smartphone or tablet, and support an end-to-end customer experience within the channel.
Bank fraud is when an individual either uses artifice to illegally obtain money, assets, or property held by a financial institution or its depositors, or fraudulently poses as a bank to obtain people’s money. Common forms of bank fraud include bank impersonation, stolen checks, internet fraud, forgery, and fraudulent loans.
Insider Intelligence has been analyzing the banking industry , tracking the latest trends, technologies, and largest banks in the US and abroad. See the latest articles and statistics overviewing the present and future of banking.
Develop your playbook for the digital transformation of fintech, banking, and payments by understanding the strategies setting a new bar for attracting, onboarding, and serving consumers in the rapidly changing financial services industry .
Consumers’ desire to manage their finances digitally amid the pandemic has only further accelerated these shifts. According to CB Insights, global fintech funding jumped 17% quarter-over-quarter to $9.3 billion in Q2 2020, and saw a new quarterly high of 28 fintech mega-rounds as some of the largest companies in the space raised fresh capital.
Retail banking , also known as consumer or personal banking, is the division of banking that deals directly with retail customers or the general public. By bringing in retail customer deposits, these types of financial institutions are able to make loans to both their retail and business customers.
Insider Intelligence is launching Financial Services, which will include a wealth of research reports, charts, forecasts, and analysis that combines eMarketer’s industry renowned methodology with Business Insider Intelligence’s agility and expertise in financial services.
Online banking allows users to complete financial transactions and banking activities over the Internet. This has granted customers the ability to manage their money remotely via a personal device such as a computer or smartphone.
US banks are regulated by the Federal Reserve , along with several federal and state authorities: Office of the Comptroller of the Currency , Federal Deposit Insurance Corporation , Office of Thrift Supervision , National Credit Union Administration , state banking departments, and private corporations like Financial Industry Regulatory Authority .
Commercial banks are what most people think of when they think of “banking.” These types of institutions offer basic financial services for both individuals and small businesses including checking and savings accounts, mortgages and personal loans, and certificates of deposit.

The aim of open banking is to stimulate competition and innovation in retail banking by democratizing access to financial data. This has substantial implications for legacy institutions: Giving TPPs access to customer data has the potential to disintermediate incumbent banks that fail to improve their offerings, baking news articles