Company profile

Future of Royal Bank of Scotland Group

#
Rank
531
| Quantumrun Global 1000

The Royal Bank of Scotland ordinarily abbreviated as RBS, is one of the retail banking subsidiaries of The Royal Bank of Scotland Group plc, together with Ulster and NatWest Bank. The Royal Bank of Scotland has branches mainly in Scotland though there are branches in many bigger cities and towns throughout Wales and England. Both the bank and its parent, The Royal Bank of Scotland Group, are entirely separate from the fellow Edinburgh based bank, the Bank of Scotland, which existed earlier than The Royal Bank of Scotland by 32 years.

Home Country:
Sector:
Industry:
Banks - Commercial and Savings
Founded:
1727
Global employee count:
77900
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$12590000000 GBP
3y average revenue:
$13554333333 GBP
Operating expenses:
$16194000000 GBP
3y average expenses:
$15468666667 GBP
Funds in reserve:
$74250000000 GBP
Market country
Revenue from country
0.92

Asset Performance

  1. Product/Service/Dept. name
    UK personal and business banking
    Product/Service revenue
    4287000000
  2. Product/Service/Dept. name
    Ulster bank ROL
    Product/Service revenue
    501000000

Innovation assets and Pipeline

Global brand rank:
445
Total patents held:
5

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

Company Headlines