The Latin America, Middle East and Africa Retail Core Banking Solution Market should witness market growth of 11.1% CAGR during the forecast period (2022-2028).
Some banks now use Beacons to instantly send customers' smartphones personalized incentives as quickly as they approach the branch. In addition, customers can speak to tellers at some A.T.M.s via live-stream video support if they need more help. Banks employ IoT and other financial apps to address the tension caused by mobile banking in conventional branch banking. Biometric sensors, for example, could collect user information as customers enter the bank and transmit it to the primary system. The B.M.O. Harris Bank tried a branch with such advanced technology without actual staff. In this scenario, a user is technologically or through chatbots led.
When it comes to banking, IoT offers several benefits. First, this provides debtors with services that are dependable and simple to acquire, as well as credit cardholders. Banks can monitor how consumers utilize A.T.M. kiosks in different locations and adjust the number of A.T.M.s installed there based on usage patterns. By putting in kiosks and improving consumers' access to financial services, banks can leverage IoT to deliver on-demand services closer to their clients.
Third, IoT offers consumer data that enables banks to identify their clients' business requirements and value chains, including suppliers, retailers, and distributors. The data also allows the banks to learn more about their clients. As a result, banks can offer value-added services, specialized banking services, and products, and financial help owing to the client information made available by the Internet of Things, ensuring that both the customer and the bank benefit from the arrangement.
The U.A.E. Central Bank oversees the country's thriving domestic banking industry. Following the state's overarching policy, the Central Bank sets monetary, credit, and banking policy and oversees its implementation to support the national economy and currency stability. In addition, it keeps track of the gold and foreign currency holdings of the U.A.E. government, acts as the bank for local banks and represents the U.A.E. government's financial interests at international financial organizations. Islamic banking has grown significantly in recent years and is now a significant part of the financial sector in the United Arab Emirates.
The Brazil market dominated the LAMEA Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $127.4 million by 2028. The Argentina market is showcasing a CAGR of 11.7% during (2022-2028). Additionally, The UAE market would register a CAGR of 10.8% during (2022-2028).
Based on Component, the market is segmented into Solution (Without Services) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Regulatory Compliance, Risk Management, Digital Banking, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Fiserv, Inc., Temenos AG, Tata Consultancy Services Limited, SAP SE, Infosys Limited, Fidelity National Information Services, Inc. (FIS), Kiya.ai, Jack Henry & Associates, Inc. and Silverlake Axis Ltd.
Some banks now use Beacons to instantly send customers' smartphones personalized incentives as quickly as they approach the branch. In addition, customers can speak to tellers at some A.T.M.s via live-stream video support if they need more help. Banks employ IoT and other financial apps to address the tension caused by mobile banking in conventional branch banking. Biometric sensors, for example, could collect user information as customers enter the bank and transmit it to the primary system. The B.M.O. Harris Bank tried a branch with such advanced technology without actual staff. In this scenario, a user is technologically or through chatbots led.
When it comes to banking, IoT offers several benefits. First, this provides debtors with services that are dependable and simple to acquire, as well as credit cardholders. Banks can monitor how consumers utilize A.T.M. kiosks in different locations and adjust the number of A.T.M.s installed there based on usage patterns. By putting in kiosks and improving consumers' access to financial services, banks can leverage IoT to deliver on-demand services closer to their clients.
Third, IoT offers consumer data that enables banks to identify their clients' business requirements and value chains, including suppliers, retailers, and distributors. The data also allows the banks to learn more about their clients. As a result, banks can offer value-added services, specialized banking services, and products, and financial help owing to the client information made available by the Internet of Things, ensuring that both the customer and the bank benefit from the arrangement.
The U.A.E. Central Bank oversees the country's thriving domestic banking industry. Following the state's overarching policy, the Central Bank sets monetary, credit, and banking policy and oversees its implementation to support the national economy and currency stability. In addition, it keeps track of the gold and foreign currency holdings of the U.A.E. government, acts as the bank for local banks and represents the U.A.E. government's financial interests at international financial organizations. Islamic banking has grown significantly in recent years and is now a significant part of the financial sector in the United Arab Emirates.
The Brazil market dominated the LAMEA Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $127.4 million by 2028. The Argentina market is showcasing a CAGR of 11.7% during (2022-2028). Additionally, The UAE market would register a CAGR of 10.8% during (2022-2028).
Based on Component, the market is segmented into Solution (Without Services) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Regulatory Compliance, Risk Management, Digital Banking, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Fiserv, Inc., Temenos AG, Tata Consultancy Services Limited, SAP SE, Infosys Limited, Fidelity National Information Services, Inc. (FIS), Kiya.ai, Jack Henry & Associates, Inc. and Silverlake Axis Ltd.
Scope of the Study
By Component
- Solution (Without Services)
- Services
By Deployment Mode
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- SMEs
By Application
- Regulatory Compliance
- Risk Management
- Digital Banking
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- Fiserv, Inc.
- Temenos AG
- Tata Consultancy Services Limited
- SAP SE
- Infosys Limited
- Fidelity National Information Services, Inc. (FIS)
- Kiya.ai
- Jack Henry & Associates, Inc.
- Silverlake Axis Ltd
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Retail Core Banking Solution Market, by Component
1.4.2 LAMEA Retail Core Banking Solution Market, by Deployment Mode
1.4.3 LAMEA Retail Core Banking Solution Market, by Organization Size
1.4.4 LAMEA Retail Core Banking Solution Market, by Application
1.4.5 LAMEA Retail Core Banking Solution Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2022, Aug) Leading Players
Chapter 4. LAMEA Retail Core Banking Solution Market by Component
4.1 LAMEA Solution (Without Services) Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Retail Core Banking Solution Market by Deployment Mode
5.1 LAMEA Cloud Market by Country
5.2 LAMEA On-premise Market by Country
Chapter 6. LAMEA Retail Core Banking Solution Market by Organization Size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA SMEs Market by Country
Chapter 7. LAMEA Retail Core Banking Solution Market by Application
7.1 LAMEA Regulatory Compliance Market by Country
7.2 LAMEA Risk Management Market by Country
7.3 LAMEA Digital Banking Market by Country
7.4 LAMEA Others Market by Country
Chapter 8. LAMEA Retail Core Banking Solution Market by Country
8.1 Brazil Retail Core Banking Solution Market
8.1.1 Brazil Retail Core Banking Solution Market by Component
8.1.2 Brazil Retail Core Banking Solution Market by Deployment Mode
8.1.3 Brazil Retail Core Banking Solution Market by Organization Size
8.1.4 Brazil Retail Core Banking Solution Market by Application
8.2 Argentina Retail Core Banking Solution Market
8.2.1 Argentina Retail Core Banking Solution Market by Component
8.2.2 Argentina Retail Core Banking Solution Market by Deployment Mode
8.2.3 Argentina Retail Core Banking Solution Market by Organization Size
8.2.4 Argentina Retail Core Banking Solution Market by Application
8.3 UAE Retail Core Banking Solution Market
8.3.1 UAE Retail Core Banking Solution Market by Component
8.3.2 UAE Retail Core Banking Solution Market by Deployment Mode
8.3.3 UAE Retail Core Banking Solution Market by Organization Size
8.3.4 UAE Retail Core Banking Solution Market by Application
8.4 Saudi Arabia Retail Core Banking Solution Market
8.4.1 Saudi Arabia Retail Core Banking Solution Market by Component
8.4.2 Saudi Arabia Retail Core Banking Solution Market by Deployment Mode
8.4.3 Saudi Arabia Retail Core Banking Solution Market by Organization Size
8.4.4 Saudi Arabia Retail Core Banking Solution Market by Application
8.5 South Africa Retail Core Banking Solution Market
8.5.1 South Africa Retail Core Banking Solution Market by Component
8.5.2 South Africa Retail Core Banking Solution Market by Deployment Mode
8.5.3 South Africa Retail Core Banking Solution Market by Organization Size
8.5.4 South Africa Retail Core Banking Solution Market by Application
8.6 Nigeria Retail Core Banking Solution Market
8.6.1 Nigeria Retail Core Banking Solution Market by Component
8.6.2 Nigeria Retail Core Banking Solution Market by Deployment Mode
8.6.3 Nigeria Retail Core Banking Solution Market by Organization Size
8.6.4 Nigeria Retail Core Banking Solution Market by Application
8.7 Rest of LAMEA Retail Core Banking Solution Market
8.7.1 Rest of LAMEA Retail Core Banking Solution Market by Component
8.7.2 Rest of LAMEA Retail Core Banking Solution Market by Deployment Mode
8.7.3 Rest of LAMEA Retail Core Banking Solution Market by Organization Size
8.7.4 Rest of LAMEA Retail Core Banking Solution Market by Application
Chapter 9. Company Profiles
9.1 Temenos AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Fiserv, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.2.5 SWOT Analysis
9.3 Tata Consultancy Services Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Infosys Limited
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 SAP SE
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Jack Henry & Associates, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expenses
9.8 Fidelity National Information Services, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 Silverlake Axis Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Acquisition and Mergers:
9.10. Kiya.ai
9.10.1 Company Overview
Companies Mentioned
- Oracle Corporation
- Fiserv, Inc.
- Temenos AG
- Tata Consultancy Services Limited
- SAP SE
- Infosys Limited
- Fidelity National Information Services, Inc. (FIS)
- Kiya.ai
- Jack Henry & Associates, Inc.
- Silverlake Axis Ltd
Methodology
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