Banking BPS Market is Set To Fly High in Years to Come | Capgemini, Infosys, Avaloq group, Genpact
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Major players profiled in the study are:
Atos SE (France), Avaloq group AG (Switzerland), Capgemini SE (France), Cognizant Technology Solutions Corporation (United States), Concentrix Corporation (United States), Firstsource Solutions Limited (India), Fidelity National Information Services, Inc. (FIS) (United States), Genpact Limited (Bermuda), HCL Technologies Limited (India), Hexaware Technologies Limited (India), Infosys Limited (India), NIIT Limited (India)
Scope of the Report of Banking BPS
Over the past couple of decades, digitalization, automation, and centralization in the banking sector have been increased robustly over the past couple of decades. In addition to this, the growing prevalence of E-commerce activities has increased a need to outsource business process services to the information technology firms to employ automation in banking operations. Also, the adoption of banking BPS has also reduced the manpower required which in turn has fuelled quality and affordability of the banking services. Banking BPS is mainly adopted by the Tier I banks, where these firms outsource a number of banking services to the third parties to increase feasibility and efficiency in banking services. These services also minimize the risk as well as improved consumer satisfaction.
On May 16, 2019, a global leader in digital transformation, 'Atos' has launched its brand new Hardware Security Module (HSM) for IoT, a high-performance security device designed to protect IoT ecosystems through cryptographic features. The new HSM, part of the Horus portfolio, combines â€˜as-a-Serviceâ€™ access, centralized key management system and IoT security services for a fully-integrated solution.
The Global Banking BPS Market segments and Market Data Break Down are illuminated below:
by Type (Front Office (Customer Management Services, Document Management, Sales and Marketing Outsourcing), Middle Office (Insurance BPS, Banking BPS, Healthcare Providers BPS), Back Office (F&A Outsourcing, Procurement)), Mortgage and Loan BPS (Origination Services BPS, Mortgage and Loan Administration BPS), Service (Core Banking BPS, Mortgage and Loan BPS, Payment Services BPS, Securities Processing BPS), Securities Processing BPS (Portfolio Services BPS, Trade Services BPS), Payment Services BPS (Cheque Processing BPS, Credit Card Processing BPS, EFT Services BPS)
• Continues Technological Advancements and Growing Demand for Technology-Based Banking Solution Providers
• Growing Number of Banking Business Service Process Providers and Minimized Prices
• Provides Flexibility and Operational Simplicity to the Banks
• Increasing Digitalization and Industrialization across the Globe
• Growing Adoption of E-Banking Operations and Banking Automation
• Rising Strategic Alliances of IT companies with Tier I Banks
What can be explored with the Banking BPS Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyze and Measure the Global Banking BPS Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Banking BPS
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Banking BPS Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Banking BPS market
Chapter 2: Exclusive Summary - the basic information of the Banking BPS Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Banking BPS
Chapter 4: Presenting the Banking BPS Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Banking BPS market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Banking BPS Market is a valuable source of guidance for individuals and companies.
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