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市場調查報告書

COVID-19之後的全球信用卡市場:為新業務週期做準備的7個關鍵點

Credit Cards in a Post COVID World: Seven Takeaways for the Next Business Cycle

出版商 Mercator Advisory Group, Inc. 商品編碼 953674
出版日期 內容資訊 英文 15 Pages, 7 Exhibits
商品交期: 最快1-2個工作天內
價格
COVID-19之後的全球信用卡市場:為新業務週期做準備的7個關鍵點 Credit Cards in a Post COVID World: Seven Takeaways for the Next Business Cycle
出版日期: 2020年08月10日內容資訊: 英文 15 Pages, 7 Exhibits
簡介

新的冠狀病毒傳染病(COVID-19)的大流行對全球經濟產生了嚴重影響,並且無法預測衰退將持續多長時間。在1929年至1933年的大蕭條時期,衰退持續了一年半,而克服蕭條的影響又花了一年半的時間。

本報告著眼於COVID-19之後的信用卡市場,並考慮了解決諸如失業率創紀錄,GDP下降以及消費者信心喪失等問題的措施。

本報告中精選的公司包括ACI Worldwide、American Express、Bank of America、Capital One、Chase、Citi、Discover、FIS、FICO、Fiserv、Mastercard、TSYS、Visa。

此報告中包含的圖形:

此報告的重點

  • 付款寬限期結束後,拖欠期可能會大大增加
  • 信用卡行業壞賬攤銷超過6.54%已失去利潤
  • 信用卡資產收益率(ROA)在2020年下半年進入負值區域
  • 法規護欄有助於保護行業:當前的預期信用損失(CECL)要求和應急計劃證明了其價值
  • 足夠為大型銀行做好準備,尤其是那些需要進行壓力測試和DFAST合規的銀行
  • 平台服務提供商在向中端市場提供選擇方面起著重要作用
目錄

Planning for economic recovery in credit cards: now is not too early.

New research report by Mercator Advisory Group focuses on the recovery of the credit card business and the COVID-19 pandemic.

The good thing about recessions is that they will end and move into the next economic cycle, which economists often call "the trough." The bad news is that no one knows when the COVID-19 downturn will level. If we use the Great Recession as an example, the recession will last a year and a half, almost half the time it took to get through the Great Depression of 1929-1933.

In Mercator Advisory Group's latest research report, ‘Credit Cards in a Post COVID World: Seven Takeaways for the Next Business Cycle’, readers will review the learnings that we have now which should go into the business models of credit managers as they start thinking about what credit card businesses will look like when we exit the COVID-19 pandemic.

"COVID-19 made an abrupt appearance, and the credit card industry, which thrives in a healthy economy, must contend with record unemployment, diminished GDP, and a loss in consumer confidence," comments Brian Riley , Director, Credit Advisory, at Mercator Advisory Group, and the author of the research note. Riley adds that "4Q20 and 1Q21 will likely be unprofitable for many credit card issuers as charge-offs peak."

This document contains 15 pages and 7 exhibits .

Companies mentioned in this research note include: ACI Worldwide, American Express, Bank of America, Capital One, Chase, Citi, Discover, FIS, FICO, Fiserv, Mastercard, TSYS, Visa

One of the exhibits included in this report:

Highlights of the research note include:

  • Once payment deferrals end, expect delinquency aging to skyrocket
  • Charge-offs beyond 6.54% will eliminate credit card industry profits
  • Credit card return on assets (ROA) will fall into negative territory in late 2020
  • Regulatory guardrails helped protect the industry; current expected credit loss (CECL) requirements and contingency planning proved their worth
  • Top banks, particularly those required to comply with stress testing and DFAST, were well prepared
  • Platform service providers played a significant role in providing options for the middle market.