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Online Retail Banking
 
Introduction
Online Retail Banking
 
Overview
Key Findings
Participants
Telephone Retail Banking
 
Overview
Key Findings
Participants
Online General Insurance
 
Overview
Key Findings
Participants
 
Overview  
           
  eBenchmarkers' Online Retail Banking benchmark was launched in April 2001 and reports twice yearly (in sync with Online General Insurance): the Spring Indicators are based on April data and the Autumn indicators are based on October data.

The benchmark has grown from its inception, and now covers some 85% of the UK Online Retail Banking market.

As the focus of the Online Banking industry begins to shift from servicing existing customers more efficiently to selling financial products online, the Benchmark has adapted to these new requirements.

 
    Participants receive written reports and facilitated in-company workshops of key findings, covering:
No of customers
'active', 'committed' & 'dormant'; and the online penetration of the total customer base
Quantity & frequency of transactions including: Balance views, 3rd party & bill payments, interaccount transfers, setting up and amending standing orders & direct debits
Sales volume & penetration including: growth, path to purchase analysis and conversion rates
Length of Processes utilising eUser methodology, and the impact on sales conversions rates and transacting frequency
Deployment Costs encompassing the development & operating costs incurred in delivering the channel, and the marketing costs of driving traffic to it
       
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