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Core Banking Software Market to Exhibit 17.4% CAGR till 2027; Rising Usage of Mobile Applications by Banks to Boost Growth: Fortune Business Insights™

Fortune Business Insights
·8 min read

A list of all the renowned software providers operating in the global Core Banking Software Market: Alphabet Inc., SAP SE, International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Infosys Limited, Tata Consultancy Services Limited, Capgemini SE, HCL Technologies Limited, Intellicus Technologies, NCR Corporation, Finastra, Wipro Limited, Fiserv, Inc., Temenos AG, Fidelity National Information Services, Inc., Jack Henry & Associates, Inc., Unisys Corporation, VSoft Technologies Pvt. Ltd., Computer Services, Inc., C-Edge Technologies Ltd.

Pune, India, April 07, 2021 (GLOBE NEWSWIRE) -- The global core banking software market is set to gain impetus from the increasing adoption of innovative technologies, such as cloud, artificial intelligence, and machine learning in the banking industry. This information is given by Fortune Business Insights™ in a new study, titled, “Core Banking Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (SaaS/Hosted, Licensed), By Banking Type (Large Banks, Midsize Banks, Small Banks, Community Banks, and Credit Unions), By End-user (Retail Banking, Treasury, Corporate Banking, and Wealth Management), and Regional Forecast, 2020-2027.”

The study further mentions that the market size was USD 8.17 billion in 2019 and is projected to reach USD 28.83 billion by 2027, exhibiting a CAGR of 17.4% during the forecast period.

How Did We Develop This Report?

The Core Banking Software Market for core banking software houses regulatory firms and processors in its supply chain. We have used both primary and secondary research to obtain quantitative and qualitative data about the supply and demand sides. We have also analyzed competitive developments, such as collaborations, new product launches, mergers & acquisitions, joint ventures, collaborations, and agreements. Lastly, the report includes profiles of the prominent organizations and the strategies adopted by them to increase sales.

To get to know more about the short-term and long-term impact of COVID-19 on this Core Banking Software Market


Please visit: https://www.fortunebusinessinsights.com/core-banking-software-market-104392


Regional Insights-

North America to Dominate Backed by Presence of Prominent Manufacturers

Geographically, in 2019, North America procured USD 3.71 billion in terms of revenue and is set to lead throughout the forthcoming years. This growth is attributable to the presence of reputed core banking software providers, such as VSoft Corporation, Fidelity National Information Services, Inc., and others in the region. Asia Pacific, on the other hand, is expected to be the fastest-growing market because of the increasing adoption of mobile and web-based business applications in the banking sector.

COVID-19 Pandemic to Hinder Growth by Changing Interest Rates

The emergence of the COVID-19 pandemic has changed the work culture of various industries across the globe. Numerous financial and baking institutes are implementing the work from home (WFH) policy. Besides, delays in lease payments and changes in interest rates would affect growth negatively. We are delivering accurate reports to help you gain more insights into the current situation of the market.


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Segment-

Large Banks Segment to Grow Rapidly Fueled by Higher Penetration of Internet

Based on banking type, the large banks segment generated 34.8% in terms of the core banking software market share. It is likely to remain at the forefront stoked by the rising penetration of the internet and the increasing usage of connected devices for analyzing banking processes.

Drivers & Restraints-

Increasing Need to Monitor Banking Processes Efficiently Will Bolster Growth

The increasing adoption of SaaS-based or cloud-based core banking software solutions provided by various manufacturers, such as Temenos AG and Finastra would propel the market growth in the near future. These help banks in monitoring transactions and payments effectively. However, the surging concerns about mobile malware, application vulnerabilities, information loss, and unencrypted data may obstruct the demand for core banking software market solutions.


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Competitive Landscape-

Key Players Focus on Launching Novel Core Banking Software to Intensify Competition

This Core Banking Software Market contains a large number of companies. They are mainly focusing on the development of innovative software solutions to cater to the high demand worldwide. Some of the others are also engaging in the partnership strategy to enhance their positions. Below are the two latest industry developments:

  • August 2020: COK Sodality Co-operative Credit Union Limited introduced its latest Universa Digital Core Banking Suite. It is available for both desktop and mobile devices. It will help COK’s members to use a single username and password for going through the authentication process in every electronic channel.

  • August 2020: Fidelity National Information Services, Inc. (FIS) launched ClearEdge, its latest subscription-based core banking software solution. It will simplify and speed up the access to the advanced technology that banks will utilize for serving their customers amid the post-pandemic phase.

List Of Key Companies Profiled in Core Banking Software Market Are:

  • Alphabet Inc. (Google LLC) (California, United States)

  • SAP SE (Walldorf, Germany)

  • International Business Machines Corporation (IBM) (New York, United States)

  • Oracle Corporation (California, United States)

  • Microsoft Corporation (Washington, United States)

  • Infosys Limited (Bengaluru, India)

  • Tata Consultancy Services Limited (Mumbai, India)

  • Capgemini SE (Paris, France)

  • HCL Technologies Limited (Noida, India)

  • Intellicus Technologies (California, United States)

  • NCR Corporation (Georgia, United States)

  • Finastra (London, United Kingdom)

  • Wipro Limited (Bengaluru, India)

  • Fiserv, Inc. (Wisconsin, United States)

  • Temenos AG (Geneva, Switzerland)

  • Fidelity National Information Services, Inc. (FIS) (Florida, United States)

  • Jack Henry & Associates, Inc. (Missouri, United States)

  • Unisys Corporation (Pennsylvania, United States)

  • VSoft Technologies Pvt. Ltd. (Telangana, India)

  • Computer Services, Inc. (CSI) (Kentucky, United States)

  • C-Edge Technologies Ltd. (Mumbai, India)


Quick Buy - Core Banking Software Market Report: https://www.fortunebusinessinsights.com/checkout-page/104392


Table Of Content:

  • Introduction

    • Definition, By Segment

    • Research Methodology/Approach

    • Data Sources

  • Key Takeaways

  • Core Banking Software Market Dynamics

    • Macro and Micro Economic Indicators

    • Drivers, Restraints, Opportunities and Trends

    • Impact of COVID-19

      • Short-term Impact

      • Long-term Impact

  • Competition Landscape

    • Business Strategies Adopted by Key Players

    • Consolidated SWOT Analysis of Key Players

    • PESTLE Analysis

    • Porter’s Five Force Analysis

    • Supply chain Analysis

  • Global Core Banking Software Key Players Market Share Insights and Analysis, 2019

  • Key Market Insights and Strategic Recommendations

  • Primary Interviewee’s Key Responses

  • Companies Profiled (Covered for key 10 players only)

    • Overview

      • Key Management

      • Headquarters etc.

    • Offerings/Business Segments

    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

      • Employee Size

      • Key Financials

        • Past and Current Revenue

        • Gross Margin

        • Geographical Share

        • Business Segment Share

    • Recent Developments

  • Annexure/Appendix

    • Global Core Banking Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

      • By Deployment (Value)

        • Saas/Hosted

        • Licensed

      • By Banking Type (Value)

        • Large Banks

        • Midsize Banks

        • Small Banks

        • Community Banks

        • Credit Unions

      • By End-user (Value)

        • Retail Banking

        • Treasury

        • Corporate Banking

        • Wealth Management

      • By Region (Value)

        • North America

        • Europe

        • Asia Pacific

        • Middle East & Africa

        • South America

    • North America Core Banking Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

      • By Deployment (Value)

        • Saas/Hosted

        • Licensed

      • By Banking Type (Value)

        • Large Banks

        • Midsize Banks

        • Small Banks

        • Community Banks

        • Credit Unions

      • By End-user (Value)

        • Retail Banking

        • Treasury

        • Corporate Banking

        • Wealth Management

      • By Country (Value)

        • US

          • By Banking Type (Value)

            • Large Banks

            • Midsize Banks

            • Small Banks

            • Community Banks

            • Credit Unions

        • Canada

          • By Banking Type (Value)

            • Large Banks

            • Midsize Banks

            • Small Banks

            • Community Banks

            • Credit Unions

        • Mexico

          • By Banking Type (Value)

            • Large Banks

            • Midsize Banks

            • Small Banks

            • Community Banks

TOC Continued…!


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Thomas Grotzer was named interim head of compliance.The bank cut its dividend proposal for 2020 to 10 centimes a share, from about 29 centimes, and suspended its share buyback until its common equity Tier 1 ratio, a key measure of capital strength, returns to the targeted level. Credit Suisse said it expects a CET1 ratio of at least 12% in the first quarter. It had aimed for at least 12.5% in the first half of this year. Top executives’ bonuses for last year have been scrapped.Credit Suisse Payout Pause Won’t Halt Archegos Fallout: ReactThe Zurich-based bank was one of several global investment banks to facilitate the leveraged bets of Archegos, and had tried to reach some sort of standstill to figure out how to unwind positions without sparking panic, people familiar with the matter have said. The strategy failed as rivals rushed to cut their losses.“Almost two weeks in, it is still not clear how the bank managed to take a 4.4 billion-franc charge for one client in the prime brokerage business, which we estimate generates less than 1 billion francs per annum in revenues,” JPMorgan’s analysts wrote.Among big banks that dealt with Archegos, only Nomura Holdings Inc. has signaled the potential to also take a multibillion-dollar hit, saying it could lose as much as $2 billion.Credit Suisse’s latest trades came more than a week after several rivals dumped their shares. The bank hit the market with block trades tied to ViacomCBS Inc., Vipshop Holdings Ltd. and Farfetch Ltd., a person with knowledge of the matter said. The stocks traded substantially below where they were last month before Hwang’s family office imploded.In addition to the Archegos writedown, Credit Suisse may need to set aside 2 billion francs over the coming years for litigation tied to Greensill, according to the JPMorgan analysts.Startup lender Greensill Capital had borrowed from the bank and helped manage a group of debt funds that were marketed as among its safest products. Now the funds are frozen and being wound down after Lex Greensill’s firm collapsed amid doubts about its lending practices.Credit Suisse said it will provide an update on the funds in the next few days.(Adds shareholder comment in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Stimulus checks sent to 130M Americans so far. Delayed payments for some Social Security beneficiaries to roll out.

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  • Credit Suisse overhauls executive board as it estimates Archegos fallout at $4.7 billion

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  • Grayscale ‘100% Committed’ to Making Biggest Crypto Fund an ETF

    (Bloomberg) -- The company behind the world’s largest cryptocurrency trust intends to flip it into an exchange-traded fund as soon as U.S. regulators allow.Grayscale Investments LLC is “100% committed” to converting the $39 billion Grayscale Bitcoin Trust (ticker GBTC) into an ETF, the company said in a blog post Monday. While the Securities and Exchange Commission has yet to approve the structure, several issuers have filed applications in recent weeks after North America’s first Bitcoin ETFs began trading in Canada in February.The blog post was meant to remind current and potential future investors that the plan all along has been to convert GBTC into an ETF as chatter around potential SEC approval heats up, Chief Executive Officer Michael Sonnenshein said in a phone interview Monday. The firm first filed for Bitcoin ETF in 2016, but ultimately withdrew that application due to the regulator’s stance.“This has been the plan from Day 1 when we launched in 2013,” Sonnenshein said. “We’ve long felt and believed this product would ultimately be in the public market and structured it this way so that it would be able to be an ETF.”With its current level of assets, GBTC would rank among the 30 largest U.S. ETFs and as the second-largest commodity ETF behind State Street’s SPDR Gold Shares fund (ticker GLD), which has about $57 billion. The trust has seen mammoth inflows over the past year as Bitcoin soared, lifting assets from just $2 billion a year ago.Conversion to an ETF would help repair GBTC’s near-record discount to its underlying holdings, which has deepened in recent weeks as Bitcoin’s rally has cooled. Specialized traders known as authorized participants are able to create and redeem shares of an ETF to keep its price in line with its net asset value, but that process doesn’t exist for trusts like GBTC.“Stating their intention to convert puts a floor on the depth in discount because at some level -- market participants are going to be willing to buy a product that is bound to be trading at NAV when the SEC approves a Bitcoin ETF,” said Bloomberg Intelligence analyst James Seyffart. “The only unknown factor at this point is the time before that happens.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Gold Rises to Highest in More Than a Week as Dollar Slips

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  • Shell flags likely fall in first-quarter fuel sales

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