Artificial Intelligence
Core Banking Solution (CBS) Market is Projected to Surpass USD 9.35 Billion by 2025 at 5.61% CAGR | Growing Adoption of AI and Big Data to Bolster Core Banking Solution Market Growth
Pune, Feb. 17, 2021 (GLOBE NEWSWIRE) — Market Analysis
The global core banking solution market is highly lucrative and projected to witness significant growth at a 5.61% CAGR over the forecast period (2019-2025), reveals the Market Research Future (MRFR) report. Core banking is a service that is delivered by a group of networked bank branches. The customers have the flexibility to perform all forms of banking activities like debts, loans, payments, money transactions, and access accounts from just any location with a device of their choice. It is akin to retail banking. Often retail customers are considered core banking customers by most banks. Core banking solutions are adopted by various banks for remote monitoring of transactional activities from any branch, enhanced risk management, and hassle-free flow of banking activities. Some of the popular core banking solutions comprises the point of sales systems (POS), fund transfers, ATMs, mobile banking, and internet banking.
Alluring Features Fuelling Market Growth
As per the Market Research Future report, there are numerous factors that are fuelling the core banking solution market size. These include the growing demand for improved customer service, increasing need for effective management of banking operations, growing demand for core banking technology for security and better service, the rising need to manage accounts of customers from a single server, and the growing adoption of technologies like big data and artificial intelligence. The additional factors propelling the market growth entails the growing adoption of SaaS-based and cloud-based banking, and the rising implementation of mobile banking and online banking by customers.
On the contrary, the global CBS market may backtrack a little in its growth trajectory owing to a lack of awareness about advanced banking technologies, stringent bank regulations, and challenges faced by banks in rural areas to meet the needs of customers with regards to technology.
Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/3208
COVID-19 Analysis
A lot of companies have faced the brunt of the on-going COVID-19 crisis, with the core banking solution market being no exception. This outbreak has resulted in the repositioning of the financial market worldwide, with the financial industry struggling due to sudden changes in the rates of interest and delayed lease payments. The pandemic has heavily impacted the working culture across different industry verticals. The current situation has compelled banks as well as other financial institutions to work from home. Thus, it is quite a challenge for most financial institutions, especially banks, to restore all the changes in the entire loan management and credit scenario due to the on-going outbreak.
Market Segmentation
The Market Research Future Report provides an inclusive analysis of the core banking solution market based on deployment and component.
By component, the global core banking solution market is segmented into service and solution. Of these, the solution segment will lead the market over the forecast period. It will grow at a 5.99% CAGR by 2025. The service segment, on the other hand, will grow at a 4.82% CAGR by 2025.
By deployment, the global core banking solution market is segmented into on-cloud & on-premise. Of these, the on-premise segment will dominate the market over the forecast period. The on-cloud segment, on the other hand, will grow at a 6.47% CAGR by 2025.
Browse In-depth Market Research Report (141 pages) on Core Banking Services Market:
https://www.marketresearchfuture.com/reports/core-banking-solutions-market-3208
Regional Segmentation
North America to Spearhead Core Banking Solution Market
By region, the core banking solution market covers growth opportunities and latest trends across Europe, the Asia Pacific (APAC), South America, North America, & the Middle East & Africa (MEA). Of these, North America will spearhead the market over the forecast period. The presence of financial institutions that are attracting international investors, the presence of several local players, foreign investors are getting inclined increasingly towards entering the US market, wide deployment by medium and large banks, the presence of developed economies in Canada and US, high focus on innovations in research and technology, are adding to the global core banking solution market growth in the region. Besides, the focus to launch advanced banking systems to improve their product portfolio is also adding market growth. The US and Canada have the utmost market share.
In Europe, the global core banking solution market is predicted to hold the second-largest share over the forecast period. Digital transformation of banks, strong core banking due to AI, public cloud, and open banking, the presence of leading CBS providers, and benefits such as hassle-free banking services to customers are adding to the global core banking solution market growth in the region.
In the APAC region, the global core banking solution is predicted to have notable growth over the forecast period. The higher penetration of off the shelf core banking system, more rapid development of new architectures to encourage digital banking, use of mobile wallet services, growing adoption of mobile applications and web-based business in the banking sector, and the growing economies of countries like Oceania, Japan, China, South Korea, and India are adding to the global core banking solution market growth in the region.
In the MEA, the global core banking solution is predicted to have healthy growth over the forecast period. Customers are increasingly looking for convenient, compliant, and modern services, and the efficient and smooth operations offered by core banking solutions are adding to the global core banking solution market growth in the region.
Ask Your Queries:
https://www.marketresearchfuture.com/enquiry/3208
Competitive Landscape
Prominent players profiled in the global core banking solution market report include Fidelity National Information Services, Inc. (US), Temenos Group AG (Switzerland), Oracle Financial Services Software Limited (India), Capgemini SE (France), Tata Consultancy Services (India), HCL Technologies Limited (India), Infosys Limited (India), Fiserv, Inc. (US), SAP SE (Germany), UNISYS (US), and Jayam Solutions Private Limited (India). M&A, strategic alliances, geographic expansions, research and development, and others are the key growth strategies adopted by the industry players to remain competitive and create a foothold in the market.
Browse Adjacent Markets: Software Market Research Reports & Consulting.
Industry Updates
January 2021– The Central Bank of Bahrain or the CBB has launched eKYC for digital transformation in the sector. This platform has been successfully integrated into its core banking services system.
January 2021– TD Bank has created a new commercial bank from combined services. This will help to scale its core businesses and also build the future’s Commercial Bank.
Browse Related Reports:
Global Financial Analytics Market Research Report: by Component, Deployment, Organization Size, Application (GRC & Wealth Management, Financial Forecasting & Budgeting, Transaction Monitoring, Fraud Detection & Prevention), Vertical – Forecast till 2024
Digital Banking Market, by Services (Non-Transactional Activities, Transactional), By Deployment Type (On-Premises, On Cloud), By Technology (Internet Banking, Digital Payments, Mobile Banking), By Industries (Media & Entertainment, Manufacturing, Retail, Banking, Healthcare) – Forecast till 2026
Global Financial App Market Research Report, By Software (Audit, Risk & Compliance, Bi & Analytics Application, Business Transaction Processing, And Others), By Deployment, By Service, By Organization Size, And By End-Users
Global Blockchain in Fintech Market Research Report, Service Provider (Application & solutions, middleware & services, infrastructure), Interaction Channel (bank branch, mobile application), Organization Size (Large Enterprise, SME), Application (Payment, Smart Contract)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Market Research Future +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] Website: https://www.marketresearchfuture.com
Artificial Intelligence
XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform
CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.
XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
Logo – https://mma.prnewswire.com/media/632519/XtalPi_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xtalpi-unveils-xtalgazer-a-comprehensive-ai-driven-polymorph-selection-platform-302102794.html
Artificial Intelligence
ICIS and Base Oil News Announce Partnership to Enhance Market Insights
LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.
With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
Logo: https://mma.prnewswire.com/media/619935/4277787/ICIS_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/icis-and-base-oil-news-announce-partnership-to-enhance-market-insights-302102782.html
Artificial Intelligence
Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform
SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.
Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
Logo: https://mma.prnewswire.com/media/626944/1199800/Trianz_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extricaai–the-data-to-ai-platform-302102589.html
-
Artificial Intelligence7 days ago
Document Collaboration Hub (DCH) by Netcare International Now Available on Microsoft AppSource
-
Artificial Intelligence6 days ago
Smartkem Commences Project with RiTdisplay To Develop World’s First Commercially Ready Active-Matrix OLED Display Using OTFT Technology
-
Artificial Intelligence7 days ago
Hexaware Dominates Whitelane Research 2024 BeLux IT Sourcing Study: A Triumph in Continued CSAT Excellence
-
Artificial Intelligence6 days ago
Wine of Moldova offers a glimpse of the future with its game-changing AI tool
-
Artificial Intelligence6 days ago
World System Integrator Conference (WSIC) 2024 A Showcase of New Initiatives
-
Artificial Intelligence6 days ago
Disaster Preparedness Systems Market Projected to Reach $300.20 billion by 2030 – Exclusive Report by 360iResearch
-
Artificial Intelligence6 days ago
Decision Intelligence Market worth $50.1 billion by 2030 – Exclusive Report by MarketsandMarkets™
-
Artificial Intelligence6 days ago
YASH Technologies Partners with Baheya Foundation to Transform Cancer Care in Egypt