Traditional core banking solutions Market Scope
Traditional Core Banking Solution (TCBS) is the networking of branches, which allows customers to function their accounts, and avail banking facilities from any branch of the bank on core banking solution network, regardless of where consumer maintains their account. The customer is no more the customer of a particular branch they become the bank’s customer. Furthermore, traditional core banking solution branches are inter-connected with each other. Therefore, customers of traditional core banking solution branches can avail various banking facilities from any other traditional core banking solution branch located anywhere in the world.
The Traditional core banking solutions market study is segmented, by Application (Banks, Credit Unions & Community Banks and Others) and major geographies with country level break-up.
SAP SE (Germany), Infosys Limited (India), IBM Corporation (United States), HCL Technologies Limited (India), Tata Consultancy Services (India), Capgemini SE (France), Oracle Financial Services Software Limited (India), Temenos Group AG (Switzerland), Misys (United Kingdom) and Fiserv, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Nelito Systems Ltd. (India), Infrasoft Technologies Ltd. (India) and Fidelity National Information Services Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Traditional core banking solutions market by Type, Application and Region.
On the basis of geography, the market of Traditional core banking solutions 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).
Market Leaders and their expansionary development strategies
On Mar. 18, 2019, FIS, a global leader in financial services technology, and Worldpay, Inc., a global leader in eCommerce and payments, announce that they have entered into a definitive merger agreement.
On 8 Jan 2019, SAP announces availability of a new SAP S/4HANA-Based Subledger solution for financial products. The solution provides a central hub to manage data between operational and finance systems, streamlining accounting flows and supporting increased transparency and control.
- Rapid Adoption of Technology Among the Customer
- Easy Ability to Introduce New Financial Products and Manage Changes in Existing Products
- Seamless Merging Of Back Office Data and Self-Service Operations
- Growing Need of Managing Accounts of Customers From A Single Server
- Data Privacy and Security Threat
- Lack of Network Infrastructure in Developing Countries
Key Target AudienceTechnology Solution Providers, Banking Industry, Cloud Service Providers, Investors and Consultants, Research/Consultancy Firms, IT Solution Providers and Governmental Bodies
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Traditional core banking solutions Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.