The Reconciliation Software in Banking Market is expected to grow at CAGR 13.12% during 2021-2026, Major Keyplayers - API Software Limited (U.K), Automation Anywhere (U.S.), etc.

Reconciliation Software in Banking Market 2021

In an accounting system, reconciliation is the process of verification that ensure two sets of records are in agreement. Banking is a challenging industry with respect to reconciliation and close management practices. The high amount of transaction volumes, process complexity, accretion of data sources, dynamic regulatory requirements, and other factors fuse to create some of the most intricate and cumbersome reconciliation processes present today.

Get a  Sample copy of this report
https://straitsresearch.com/report/global-reconciliation-software-in-banking-market/request-sample

The Major Manufacturers Covered in this Report:
API Software Limited (U.K), Automation Anywhere (U.S.), BlackLine Inc. (U.S.), BoradRidge (U.S.), Cashbook (Ireland), Datalog Finance (Switzerland), Duco (U.K), FIS Intellimatch (U.S.), Fiserv Inc. (U.S.), Gresham Technologies (U.K), Open Systems Inc. (U.S.), Oracle Corporation (U.S.), RecortArt, Inc. (U.S.), Rimilia (U.S.), SmartStream Technologies Ltd. (U.K), Treasury Software Corp. (U.S.), Trintech Inc. (U.S.), Xero Limited (New Zealand)

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Segmentation TOC

By Deployment Type
On-premise
On Cloud
By Functionality
Matching Engine
Exception Management
Reporting and Analytics
Financial Control
Automation
Other

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Regional Insights

Geographically, the global Reconciliation Software in Banking market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa (LAMEA).

North America is holds the largest share of the global reconciliation software market. This is attributed to technological advancement in banking operations, increasing number of transactions as result of digital payment services and growth of virtual cryptocurrency aided by blockchain technology.

According to the European Banking Federation (EBF), around 6500 banks and 2 lakh branches were present in the European Union in 2017. Per day around 305 million cashless payments are transacted in the union. EBF has also reported that European banks have invested €18 billion in software. This magnanimity of the operations in the banking industry and favorable growth rate in the future validates the affirmative growth for reconciliation software market.

In Asia Pacific, driven by thriving economic prospects, the banking sector in the developing markets remained stable even during the worst phase of the 2008 crisis. Even in the coming years, banks in the emerging markets are expected to drive the growth of the global banking industry. According to the World Bank’s report, 51.4 crore bank accounts opened from 2014-2017 globally, 55% of them were from India. Deep integration of innovations and information technology into banking business by Chinese private banks like Shenzhen QianhaiWeBank would enable high quality, more efficient financial services available to a large number of individuals and MSEs.

Why buy this report?

Our report covers the global Reconciliation Software in Banking market insights, focusing on recent developments in the market in different regions and development strategies of the companies. Moreover, following sections are specifically covered in the report.

Competitive Analysis
Market concentration of top five players
Market Share Analysis
Potential Ventures

Explore Full Report with Detailed TOC, Charts, Tables and Figures@
https://straitsresearch.com/report/global-reconciliation-software-in-banking-market/

Would you like to discuss Reconciliation Software in Banking Market challenges with the experts at Straits Research

For more details, please contact us -
Email:sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Contact:
+1 646 480 7505 (U.S.)
+91 8087085354 (India)
+44 208 068 9665 (U.K.)
Website: https://straitsresearch.com/

About Us:
Straits Research is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.

This release was published on openPR.