Find out why Digital Banking Platforms Market is thriving worldwide | Top Key Players are Appway, Backbase, CREALOGIX, ebanklT, EdgeVerve, Intellect Design Arena, Finastra

Digital banking platform is an omnichannel or multichannel solution of personal banking services. A digitally advanced platform for banking integrates with hundreds of banking endpoints covering different technology vendors, ranging from core banking software providers to bill pay vendors. The growing demand among banks to deliver enhanced customer experience, the increasing adoption of cloud-based platforms to obtain higher scalability, and the rising adoption of smartphones and tablets are expected to drive the growth of the digital banking platforms market. The Digital Banking Platforms market is expected to grow worth of USD +5 Billion and at a CAGR of +13% over the forecast period 2018-2025.

The report, titled Global Digital Banking Platforms market defines and briefs readers about its products, applications, and specifications. It provides a clear understanding of the sector and has been scrutinized by using primary and secondary research techniques. The global sector has been examined on the basis of key elements such as products or services, applications, end-users, and technologies. It has been amassed by using primary and secondary research methodologies. Additionally, it uses an effective analysis technique such as, SWOT and Porter’s Five analysis which helps to describe strengths, weaknesses, threats, and opportunities.

Top Key Vendors in Market:

Appway (Switzerland), Backbase (Netherlands), CREALOGIX (Switzerland), ebanklT (England), EdgeVerve (India), Intellect Design Arena (India), Finastra (UK), ieDigital (England), ETRONIKA (Lithuania), Fidor (Germany), Fiserv (US), Halcom (Slovenia)

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The growing demand among banks to provide customer experience and the increasing adoption of the cloud-based platforms to obtain higher scalability and flexibility are expected to drive the growth of the digital banking platforms market across the globe. The increasing demand for streamlining business processes and the growing adoption of smartphones and tablets are also expected to fuel the growth of the digital banking platform market.

Major factor driving growth of the global market is increasing government initiatives towards cashless economy and increasing government expenditure in IT infrastructure development. In addition, increasing demand from banks for digital banking platforms for better customer experience is another factor expected to support growth of the market to certain extent.

The global Digital Banking Platforms market is analyzed in terms of its competitive landscape. The report provides a brief timeline for each segment of the global market. Different global regions such as North America, Latin America, Asia-Pacific, Europe, and India have been analyzed on the basis of the manufacturing base, productivity, and profit margin. This research report has been scrutinized on the basis of different practical oriented case studies from various industry experts and policymakers. It uses numerous graphical presentation techniques such as tables, charts, graphs, pictures and flowchart for easy and better understanding to the readers.

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