Digital Banking Market 2021
The global research report titled Digital banking market was published by Absolute Markets Insights. The study elucidates current market statistics, in addition to underlying future predictions of the Digital banking market. The base year considered for the study is 2019 and forecast period is 2020-2022. The research report has been compiled by means of effective techniques such as primary and secondary research methodologies. Top level industries are enlisted in order to obtain penetrative business insights. The companies profiled in this research report include erudite information on product types, features, capacity, and productivity.
Banks are deploying AI-based solutions that are compliant with ethical practices focusing on competitiveness and profitability. The advent of AI-based chatbots and robo advisors that helps customers manage their finances better
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Major Key Players:
Some of the players operating in the digital banking market are ACI Worldwide, Ally Financial Inc., Backbase, Capital Banking Solutions, CR2, Digiliti Money, Inc, Fiserv, Inc., Infosys Ltd., Innofis, JPMorgan Chase & Co., Kony, Inc., Microsoft Corporation, Oracle, Tata Consultancy Services, Technisys, Temenos Headquarters SA, TRG Mobilearth Inc., Urban FT (North America), LLC, amongst others.
Key Findings of the Report:
In terms of revenue, global digital banking market is expected to reach US$ 8646.34 million by 2027, as there is an increasing demand for AI-based solutions.
Retail banking segment held the largest share in 2018 and is expected to continue the same trend over the forecast period. The application of automated credit scoring and service chatbots is expected to aid the particular segment and also the global digital baking digital banking market in general.
On the basis of organization size, the small & medium enterprise segments is anticipated to exhibit the highest CAGR of 2.5% over the next eight years. The collaborative AI-driven tools primarily built on shared datasets enables safer and efficient banking for the small market participants.
Market Segmentation
By Deployment Type
Cloud based
On-Premise
Digital banking market By Banking Type
Retail Banking
Corporate Banking
Investment Banking
By Solutions
Payments
Processing Services
Customer and Channel Management
Risk Management
By Organization Size
Small and Medium Size Enterprises
Large Size Enterprises
Digital banking market By Technology
BaaS (Banking as a Service)
BaaP (Banking as a Platform)
Cloud-Based
White Label Banking
Chatbots
By Payment Verticals
Banking Cards
Unstructured Supplementary Service Data (USSD)
Uniform Payment Interface (UPI)
Mobile Wallets
Point of Sale (POS)
Mobile Banking
Internet Banking
Micro ATMs
Digital banking market By Geography
North America
U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Norway
Sweden
Benelux Union
Belgium
The Netherlands
Luxemburg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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