Redefining the Emerging Market Opportunity: Driving Growth through Financial Services Innovation
Redefining the Emerging Market Opportunity: Driving Growth through Financial Services Innovation reveals how global competition in financial services has been transformed by the rapid growth of emerging economies, which are now the leading source of the industry’s long-term business prosperity. The Report, produced in collaboration with The Boston Consulting Group, documents how innovative emerging-market financial companies have vaulted into the ranks of top-performing, world-class providers. They now dominate the list of financial companies providing the highest shareholder returns.
Financial providers worldwide, the study says, should regard developing economies as a historic opening to provide new financial services to low-income populations rapidly transitioning to middle-income status, as well as to regional companies evolving to world-class competitors. The study shows that the most significant opportunities lie in three sectors: consumer financial services, small- and medium-sized enterprise financing, and corporate bonds. The Report, accompanied by 33 real-world case studies, documents why innovation of business models, financial products and services – rather than simple capacity-building – will be the main driver of success in emerging markets.