United Arab Emirates Core Banking Solutions Market Report 2021-2027 – Mergers and Acquisitions Growth Between Banks and Financial Institutions – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD)–The “United Arab Emirates Core Banking Solutions Market by Component, Deployment Model, Company Size, Solution Type, and End User: Opportunity Analysis and Industry Forecast, 2020-2027” the report was added to ResearchAndMarkets.com offer.
Basic Banking Solutions (CBS) enable the execution of routine transactions such as withdrawals, passbooks, cash deposits, account statements and demand drafts. In addition, it extensively engages in branch networking and enables customers to benefit from banking services and operate their accounts from any branch of the bank on a single platform, provided by the network. CBS.
Additionally, core banking solutions help meet changing market and customer needs, improve and simplify banking processes, speed up banking transactions, and expand presence in rural and remote areas. Additionally, core banking solutions rely on computer and internet technology to provide customers with a streamlined banking experience.
Accelerating adoption of technologies such as application programming interfaces (APIs), data analytics, artificial intelligence, cloud computing, and robotic process automation (RPA) to modernize banking functionality and provide real-time banking services. These factors are therefore driving the growth of the basic banking solutions market.
In addition, rapidly changing consumer behavior and preferences towards available banking products and services has led banks to improve their existing product lines by implementing core banking solutions to provide banking services. profitable and efficient in the country. However, the lack of awareness of basic banking solutions and the high maintenance costs of the technology are some of the factors hampering the growth of the market.
On the contrary, the increase in mergers and acquisitions among banks and financial institutions, which are adopting new approaches to ongoing business operations rather than rebuilding from scratch, should improve automated banking services on a single platform. in the country. Banks and financial institutions require the modernization of basic banking systems and such mergers and acquisitions encourage the adoption of these systems.
The report analyzes the profiles of key players operating in the market including Capital Banking Solutions, EdgeVerve Systems Limited, Finastra, Fiserv, Inc., NCR Corporation, Oracle, SAP SE, SDK.finance, Tata Consultancy Services Limited and Temenos Headquarters SA.
Main topics covered:
Chapter 1 Introduction
Chapter 2: Executive summary
2.1. Main conclusions
2.2. Cxo perspective
Chapter 3: Market Overview
3.1. Definition and scope of the market
3.2. Key Forces Shaping the Basic Banking Solutions Market in the United Arab Emirates
3.3. Market dynamics
126.96.36.199. Accelerating adoption of core banking technology
188.8.131.52. Increased need to provide better customer service
184.108.40.206. Many advantages offered by basic banking solutions
220.127.116.11. Lack of awareness of basic banking solutions
18.104.22.168. High maintenance cost and shortage of skilled labor
22.214.171.124. Growth in mergers and acquisitions between banks and financial institutions
126.96.36.199. Rapid growth in technological advancements
3.4. Analysis of the impact of COVID-19 on the market for basic banking solutions in the UAE
3.4.1. Impact on the market size of basic banking solutions in the United Arab Emirates
3.4.2. Change in consumer trends, preferences and budget impact due to COVID-19
3.4.3. Framework for resolving market challenges faced by core banking solution providers in the country
3.4.4. Economic impact on providers of basic banking solutions in UAE
3.4.5. Strategies of the main players to fight against the negative impact on the industry
3.4.6. Analysis of opportunities for providers of core banking solutions in the country
Chapter 4: UAE Basic Banking Solutions Market, By Component
4.3. A service
4.3.1. Key market trends, growth drivers and opportunities
4.3.2. Market size and forecast
Chapter 5: UAE Basic Banking Solutions Market, By Deployment Model
5.2. On the site
Chapter 6: UAE Basic Banking Solutions Market, By Company Size
6.2. Large companies
6.3. Small and medium-sized enterprises (SMEs)
Chapter 7: UAE Basic Banking Solutions Market, By Solution Type
7.2. Enterprise client solutions
Chapter 8: UAE Basic Banking Solutions Market, By End User
8.3. Credit unions and community banks
Chapter 9: Competitive Landscape
9.1.1. Positioning of market players, 2019
9.1.2. Best winning strategies
Chapter 10: Company Profiles
Capital banking solutions
EdgeVerve Systems Limited
Tata Consultancy Services Limited
Headquarters of Temenos SA
For more information on this report, visit https://www.researchandmarkets.com/r/ngmhtg