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  1. Analysis
May 9, 2022

Deals relating to innovation decreased significantly in the retail banking industry in H2 2021

Deals relating to innovation in the banking sector have seen a decrease according to GlobalData research

By Data Journalism Team

In the second half of 2021 the number of deals relating to innovation decreased significantly by 72.9% from the same period in 2020.

This marks a deceleration in growth from the 53.5% decrease in deals that occurred in H1 2021 relative to the same period a year earlier.

GlobalData’s deals database looks at mergers, acquisitions and venture capital and private equity investments taking place daily between thousands of companies across the world.

During second half of 2021, deals relating to innovation accounted for 8.5% of all deals taking place in the sector. This represents a decrease from the figure of 29% in second half of 2020.

GlobalData's thematic approach to sector activity seeks to group key company information on investments to see which industries are best placed to deal with any issues they may encounter.

These themes, of which innovation is one, are best thought of as "any issue that keeps a CEO awake at night", and by tracking them, it becomes possible to ascertain which companies are leading the way on specific issues and which ones have some work to do.

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