Banking industry has undergone a paradigm shift over the years and they are known to have leaned on technology heavily to increase their profit margins, improve operations and better serve customers. One of the emerging trend in that direction is leveraging third-party banking software.
It helps them to reduce operational costs and enhance profits by understanding customers changing demands and facilitating flexible operations.
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A third-party banking software can serve as a multi-channel banking software, core banking software, private wealth management software and business intelligence software solution.
Commercial banks are installing third-party banking software solutions to connect to a desired interbank network as well as to other modular software. Retail banks and trading banks use it to streamline their operations.
The third-party banking software market is segmented on the basis of product type and application. Product type segment covered in this study include core banking software, multi-channel banking software, bi software, private wealth management software.
Based on application, the market is segmented into risk management, information security, business intelligence, and training and consulting solutions. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Third-party Banking Software Market Key Segment:
- By Product Type
- By Applications
Key Market Players Profiled In The Report
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- SAP SE
- Tata Consultancy Services Limited.
- Infosys Limited
- NetSuite Inc.
- Deltek, Inc.
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