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North America Digital banking platform Market to 2027 - Appway AG, Backbase, CREALOGIX Holding AG, EdgeVerve Systems, Fiserv, nCino, Oracle, SAP SE, Sopra Steria
North America Digital banking platform Market - Premium Market Insights
Presently, cloud-based digital banking platform solutions are being adopted by various banks due to low initial investments and fast updates offered by these solutions; and this trend is anticipated to grow during the forecast period of 2019 to 2027 in the digital banking platform market. With investment in cloud-based digital banking platform solutions, banks are anticipated to reduce their operational costs, enhance customer experience, thus increasing productivity and revenues. The complexity and high investment of on-premise solutions is another reason that is boosting the demand for cloud-based digital banking platforms. In addition to this, the growing digital revolution is further fueling the growth of the digital banking platform market.
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The major market player included in this report are:
1. Appway AG
2. Backbase
3. CREALOGIX Holding AG
4. EdgeVerve Systems Limited
5. Fiserv, Inc.
6. nCino, inc.
7. Oracle Corporation
8. SAP SE
9. Sopra Steria
10. Tata Consultancy Services Limited (TCS)
Digital transformation or digitization of businesses refers to the integration of digital technology in various business processes, organizational activities, and business models. End-to-end business process optimization, increased operational efficiency, improved customer experience, and reduced costs are few of the factors driving the digital transformation in the banking industry. The increasing digital transformation revolution in banking industry presents a massive opportunity for digital banking platform providers as they enable banks to launch digital services faster and enhance the customer experience.
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The North America digital banking platform market by deployment type is segmented into on-premise and cloud. The on-premise model enables flexible local control of servers and security to the businesses. The on-premise deployment type provides a considerable benefit for digital banking platforms by allowing organizations to preserve all their processes and current internal systems. Organizations can easily leverage present hardware investments whereas also providing their employees with a pure cloud-like file sharing and access experience.
The overall North America digital banking platform market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America digital banking platform market. It also provides an overview and forecast for the North America digital banking platform market based on all the segmentation provided with respect to the North America region.
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