Digital banking platform is an omnichannel or multichannel solution implemented by banks to digitalize banking services. Digital banking is a broader term than online baking as it includes digitalization of all banking services, which were initially available only at bank branches. These activities include loan management, applying for financial products, money deposits, withdrawals, or payments, and account services, among others. Implementation of digital banking platforms helps banks to efficiently perform tasks with reduced human errors, thus, improving the quality of services offered.
The growing adoption of smartphones, laptops, and desktops, coupled with increasing internet penetration is resulting in the growth of digital banking platforms market. With the availability of enhanced internet access, users' can easily perform banking activities through these devices. Further, increasing awareness among people regarding online banking and adoption of digital platforms by banks to offer better customer experience are other key factors propelling the digital banking platforms market growth. Also, several governments of developing nations are taking initiatives to create awareness regarding digital payments, thereby, bolstering the growth of the digital banking payments market.
The "Global Digital Banking Platforms Market Analysis to 2027" is a specialized and in-depth study of the digital banking platforms industry with a special focus on the global market trend analysis. The report aims to provide an overview of digital banking platforms market with detailed market segmentation by mode, deployment, and geography. The global digital banking platforms market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading digital banking platforms market players and offers key trends and opportunities in the market.
The global digital banking platforms market is segmented on the basis of mode and deployment. Based on the mode, the market is bifurcated into corporate banking and personal banking. The deployment segment of digital banking platforms market is classified into cloud and on-premise.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global digital banking platforms market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The digital banking platforms market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the digital banking platforms market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the digital banking platforms market in these regions.
The reports cover key developments in the digital banking platforms market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from digital banking platforms market are anticipated to lucrative growth opportunities in the future with the rising demand for digital banking platforms in the global market. Below mentioned is the list of few companies engaged in the digital banking platforms market.
The report also includes the profiles of key digital banking platforms companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Appway AG
- EdgeVerve Systems Limited
- Fiserv, Inc.
- Oracle Corporation
- SAP SE
- Sopra Steria Group SA
- TCS Limited
- The Bank of New York Mellon
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.