Scope of the Study
The third party banking software is used to provide customer to access their bank accounts anywhere and anytime across the world. These softwares enables users to manage their bank accounts from anywhere. The banking institutions are partnering with third party banking software providers to increasing their geographic reach to expand their customer base. The increasing adoption of mobile banking among smartphone users has driven the growth of global third party banking software market
The market study is being classified by Type (Core Banking Software, Multi-Channel Banking Software, Business Intelligence Software and Private Wealth Management Software), by Application (Risk Management, Information Security, Business Intelligence and Training and Consulting Solutions) and major geographies with country level break-up.
IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Tata Consultancy Services Limited(India), SAP SE (Germany), Infosys Limited (India), Accenture (Ireland)s, Deltek, Inc. (United States), Capgemini (France), NetSuite Inc. (United States) and Temenos (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are COA Solutions (United Kingdom), Epicor Software Corporation (United States), Exact Software (Netherlands), Infor (United States) and Sage Group (United Kingdom).
The third party banking software market is fragmented due to the presence to several vendors globally. These vendors are focusing on strategies such as partnering with banking instituted to increase their product reach to the users and enhance their presence in the market.
AdvanceMarketAnalytics has segmented the market of Global Third Party Banking Software market by Type, Application and Region.
On the basis of geography, the market of Third Party Banking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Adoption Of Cloud-Based Techniques In Banking
- Increase In Use Of Mobile And Online Banking
- Penetration Of Smartphone Users Globally
- Data Privacy and Security Concerns
- Growing Demand For Standardized Activities In The Banking Sector
- Increased Adoption Of Customer-Centric Core Banking
- Cost Of Updating Legacy Systems to Automated Systems
Market Leaders and their expansionary development strategies
In August 2019, Temenos, a banking software company acquired Kony, a digital banking software-as-solution (SaaS) company for USD 559 million. This acquisition will expand Temenos footprint in the U.S. market
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase