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Digital Banking Platform Market 2020 Explosive Growth and Key Trends Analysis Edgeverve, FIS Global, Fiserv, nCino, Oracle Corporation

07-30-2020 02:56 PM CET | IT, New Media & Software

Press release from: ReportsWeb

Digital Banking Platform Market

Digital Banking Platform Market

Digital banking platform enables banks to offer a digitized banking solution to their customers with all traditional banking activities such as online banking, mobile banking and others. In addition, it provides various banking functionalities such as money deposits, withdrawals transfers, savings account management, application for financial products, loan management, bill payments, and other account services. Furthermore, it provides multi-channel and omni channel banking facilities to their end users. In addition, many banks are adopting this platform for reducing human error and to complete a complicated task more efficiently without consuming more time. Moreover, many banks and financial industries are developing innovative and smart banking platform for reducing operation cost and improving the security of the bank accounts.

The key players profiled in the digital banking platform market analysis are Appway, COR Financial Solution Ltd., Edgeverve, FIS Global, Fiserv, Inc, nCino, Oracle Corporation, SAP SE, Temenos, and Vsoft Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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Surge in number of internet users and growth in shift from traditional banking to online banking are the major factors driving the growth of the market. In addition, increase in adoption of cloud-based platform to obtain higher scalability fuels the growth of the market. However, security and compliance issues in digital lending platform hampers the growth of the market. Furthermore, growth in usage of machine learning and artificial intelligence in digital banking platform and increase in innovative banking services and rise in corporate investors is expected to provide lucrative opportunity for the market.

The global digital banking platform market is segmented on the basis of component, deployment model, type, banking mode and region. By component, it is bifurcated into solution and service. In terms of deployment model, it is bifurcated into on-premise and cloud. In terms of type, the market is divided into retail banking and corporate banking. As per banking mode, the market is segmented into online banking and mobile banking. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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By Component
• Solution
• Service
By Deployment Model
• On-Premise
• Cloud

Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Digital Banking Platform Market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Digital Banking Platform Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Table of Content:
Market Overview
Competition Analysis by Players
Company (Top Players) Profiles
Digital Banking Platform Market Size by Type and Application
US Market Status and Outlook
EU Development Market Status and Outlook
Japan Market Development Status and Outlook
China Market Status and Outlook
India Digital Banking Platform Market Status and Outlook
Southeast Asia Market Status and Outlook
Market Forecast by Region, Type, and Application
Market Dynamics
Market Effect Factor Analysis
Research Finding/ Conclusion
Appendix

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