Third-party Banking Software Markets Competitive Research, Emerging Companies & Forecast

Several organizations are becoming customer-centric and are focusing on attracting and retaining customers. These organization are threatened by high competition, disruption, and increasingly expanding to different markets. The rising need for personalized experience to suit their specific requirements is encouraging the banks to focus on analytics and acquire smart insights from data. Publisher’s market study identifies the increasing adoption of customer-centric perspective to be one of the primary growth factors for the third-party banking software market. Banks are steadily adopting third-part banking software to enhance their customer-centric services. Implementation of this software provides flexibility that enables organizations to become data-driven and attain customer-centricity perpetually, while enhancing business banking. Our market analysts estimate that the market will grow steadily at a CAGR of more than 8% by 2022.

The advent of open banking paradigm is one of the key factors driving the growth of the third-party banking software. Banking organizations are adopting open banking platforms by implementing open application programming interfaces (APIs). These APIs enable the third-party and stakeholders to cooperate and share information through several cases. Third-part banking software providers are attracted by open banking paradigm as it opens new revenue streams and deliver an enhanced customer experience.

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Companies covered

The third-party banking software market is fragmented owing to the presence of several international and regional vendors. This research report analyzes the competitive environment while focusing on the product offerings of the key companies. Additionally, our analysts also study the focus key areas followed by the banking software companies in the banking software solutions market.



Some of the companies covered in this market research report are -

FIS

Fiserv

Infosys

Oracle

Temenos

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