The Asia Pacific Retail Core Banking Solution Market should witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Giving consumers with debit and credit cards convenient access to services is one of the critical advantages of IoT in the banking sector. Banks can examine how frequently A.T.M. kiosks are used in particular locations and adjust the location of A.T.M. installations accordingly. Banks can leverage IoT data to provide kiosks and improve client availability in addition to A.T.M.s to deliver on-demand services directly to customers.
Financial institutions can discover their customers' business demands and value chains and obtain customer insights by using the customer data made available by IoT. Such client data can help banks offer value-added services, financial support, and tailored goods to create favorable circumstances for both sides. When it refers to retail banking, the industry is incredibly promising. Customers who bank using smart speakers enjoy the convenience of giving voice commands rather than staring at a mobile device.
For example, Capital One in the U.S. allows consumers to pay their bills using Alexa from Amazon. By integrating its API via Google Home, U.K. challenger bank Starling enables customers to make payments and check their balances using voice commands. In addition, NatWest and Google Assistant in 2019 tested a voice banking function. Customers could use the feature to learn about their account balances, the most recent and pending transactions, and it was interoperable with the Google Home smart speaker.
The developed metropolis of Hong Kong has a high percentage of internet and mobile phone access, which provides a solid basis for the city's fintech ecosystem. According to Invest Hong Kong, there are 600 start-ups and fintech businesses nationwide. The city is among the top five developed markets in the world for consumer fintech adoption. Insurtech, blockchain, data analytics, Know Your Customer (KYC) and digital identification utilities, wealthtech, digital payments, securities settlement, and other fintech and banking opportunities abound in Hong Kong.
The China market dominated the Asia Pacific Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $639.1 million by 2028. The Japan market is registering a CAGR of 9.7% during (2022-2028). Additionally, The India market would showcase a CAGR of 11% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Giving consumers with debit and credit cards convenient access to services is one of the critical advantages of IoT in the banking sector. Banks can examine how frequently A.T.M. kiosks are used in particular locations and adjust the location of A.T.M. installations accordingly. Banks can leverage IoT data to provide kiosks and improve client availability in addition to A.T.M.s to deliver on-demand services directly to customers.
Financial institutions can discover their customers' business demands and value chains and obtain customer insights by using the customer data made available by IoT. Such client data can help banks offer value-added services, financial support, and tailored goods to create favorable circumstances for both sides. When it refers to retail banking, the industry is incredibly promising. Customers who bank using smart speakers enjoy the convenience of giving voice commands rather than staring at a mobile device.
For example, Capital One in the U.S. allows consumers to pay their bills using Alexa from Amazon. By integrating its API via Google Home, U.K. challenger bank Starling enables customers to make payments and check their balances using voice commands. In addition, NatWest and Google Assistant in 2019 tested a voice banking function. Customers could use the feature to learn about their account balances, the most recent and pending transactions, and it was interoperable with the Google Home smart speaker.
The developed metropolis of Hong Kong has a high percentage of internet and mobile phone access, which provides a solid basis for the city's fintech ecosystem. According to Invest Hong Kong, there are 600 start-ups and fintech businesses nationwide. The city is among the top five developed markets in the world for consumer fintech adoption. Insurtech, blockchain, data analytics, Know Your Customer (KYC) and digital identification utilities, wealthtech, digital payments, securities settlement, and other fintech and banking opportunities abound in Hong Kong.
The China market dominated the Asia Pacific Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $639.1 million by 2028. The Japan market is registering a CAGR of 9.7% during (2022-2028). Additionally, The India market would showcase a CAGR of 11% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Retail Core Banking Solution Market, by Component
1.4.2 Asia Pacific Retail Core Banking Solution Market, by Deployment Mode
1.4.3 Asia Pacific Retail Core Banking Solution Market, by Organization Size
1.4.4 Asia Pacific Retail Core Banking Solution Market, by Application
1.4.5 Asia Pacific 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. Asia Pacific Retail Core Banking Solution Market by Component
4.1 Asia Pacific Solution (Without Services) Market by Country
4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Retail Core Banking Solution Market by Deployment Mode
5.1 Asia Pacific Cloud Market by Country
5.2 Asia Pacific On-premise Market by Country
Chapter 6. Asia Pacific Retail Core Banking Solution Market by Organization Size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific SMEs Market by Country
Chapter 7. Asia Pacific Retail Core Banking Solution Market by Application
7.1 Asia Pacific Regulatory Compliance Market by Country
7.2 Asia Pacific Risk Management Market by Country
7.3 Asia Pacific Digital Banking Market by Country
7.4 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Retail Core Banking Solution Market by Country
8.1 China Retail Core Banking Solution Market
8.1.1 China Retail Core Banking Solution Market by Component
8.1.2 China Retail Core Banking Solution Market by Deployment Mode
8.1.3 China Retail Core Banking Solution Market by Organization Size
8.1.4 China Retail Core Banking Solution Market by Application
8.2 Japan Retail Core Banking Solution Market
8.2.1 Japan Retail Core Banking Solution Market by Component
8.2.2 Japan Retail Core Banking Solution Market by Deployment Mode
8.2.3 Japan Retail Core Banking Solution Market by Organization Size
8.2.4 Japan Retail Core Banking Solution Market by Application
8.3 India Retail Core Banking Solution Market
8.3.1 India Retail Core Banking Solution Market by Component
8.3.2 India Retail Core Banking Solution Market by Deployment Mode
8.3.3 India Retail Core Banking Solution Market by Organization Size
8.3.4 India Retail Core Banking Solution Market by Application
8.4 South Korea Retail Core Banking Solution Market
8.4.1 South Korea Retail Core Banking Solution Market by Component
8.4.2 South Korea Retail Core Banking Solution Market by Deployment Mode
8.4.3 South Korea Retail Core Banking Solution Market by Organization Size
8.4.4 South Korea Retail Core Banking Solution Market by Application
8.5 Singapore Retail Core Banking Solution Market
8.5.1 Singapore Retail Core Banking Solution Market by Component
8.5.2 Singapore Retail Core Banking Solution Market by Deployment Mode
8.5.3 Singapore Retail Core Banking Solution Market by Organization Size
8.5.4 Singapore Retail Core Banking Solution Market by Application
8.6 Malaysia Retail Core Banking Solution Market
8.6.1 Malaysia Retail Core Banking Solution Market by Component
8.6.2 Malaysia Retail Core Banking Solution Market by Deployment Mode
8.6.3 Malaysia Retail Core Banking Solution Market by Organization Size
8.6.4 Malaysia Retail Core Banking Solution Market by Application
8.7 Rest of Asia Pacific Retail Core Banking Solution Market
8.7.1 Rest of Asia Pacific Retail Core Banking Solution Market by Component
8.7.2 Rest of Asia Pacific Retail Core Banking Solution Market by Deployment Mode
8.7.3 Rest of Asia Pacific Retail Core Banking Solution Market by Organization Size
8.7.4 Rest of Asia Pacific 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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