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Report
APAC Core Banking Solutions Market - Industry Trends and Forecast to 2032
Market Report I 2023-12-01 I 251 Pages I Data Bridge Market Research
Asia-Pacific Core Banking Solutions market is expected to reach USD 5,823.44 million by 2031 from USD 2,875.60 million in 2023, growing at a CAGR of 9.4% during the forecast period of 2024 to 2031.
Market Segmentation
Asia-Pacific Core Banking Solutions Market, By Type (Enterprise Customer Solutions, Deposits, Loans, Mortgages, Transfer, Payments and Withdrawal, Currency Exchange, and Others), Offering (Solution and Services), Deployment Mode (Cloud and On Premises), Enterprise size (Large Enterprises and Small and Medium Enterprises (SMEs)), Channel (ATMs, Internet Banking, Mobile Banking, Bank Branches, and Others), Function (Account Management, Transaction Processing, Risk Management, Customer Relationship Management, Reporting and Analytics, Product Management, Loan Management, Compliance Management, and Others), End User (Banks, Credit Unions and Community Banks, and Other Financial Institutions), Country (China, India, South Korea, Japan, Thailand, Australia, Singapore, Indonesia, Malaysia, Philippines and Rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of Asia-Pacific Core Banking Solutions Market Dynamics
Driver
- Increasing integration with emerging technologies
Restrain
- Data security and safety concerns
Opportunity
- Expansion of fintech ecosystem
Market Players:
Some of the key players operating in the Asia-Pacific core banking solutions market are:
- FIS
- Bricknode
- Jayam solutions
- Forbis
- NCR VYOIX Corporation
- HCL Technologies Limited
- Unisys
- Infosys Limited
- TATA Consultancy Services Limited
- Jack Henry & Associates, Inc.
- SAP
- Oracle
- Capgemini
- nCino
- Finastra
- Fiserv Inc.
- Nelito Systems Pvt. Ltd
- Mambu
- Chetu Inc.
- Backbase
- Capital Banking Solutions
- IBM
TABLE OF CONTENTS
1 INTRODUCTION 25
1.1 OBJECTIVES OF THE STUDY 25
1.2 MARKET DEFINITION 25
1.3 OVERVIEW OF THE ASIA PACIFIC CORE BANKING SOLUTIONS MARKET 25
1.4 CURRENCY AND PRICING 26
1.5 LIMITATIONS 27
1.6 MARKETS COVERED 27
2 MARKET SEGMENTATION 30
2.1 MARKETS COVERED 30
2.2 GEOGRAPHICAL SCOPE 31
2.3 YEARS CONSIDERED FOR THE STUDY 32
2.4 DBMR TRIPOD DATA VALIDATION MODEL 33
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 36
2.6 DBMR MARKET POSITION GRID 37
2.7 MULTIVARIATE MODELLING 38
2.8 TYPE LIFELINE CURVE 38
2.9 MARKET END USER COVERAGE GRID 39
2.10 SECONDARY SOURCES 40
2.11 ASSUMPTIONS 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 44
4.1 COMPANY COMPARATIVE ANAYSIS 45
4.2 TRADITIONAL/LEGACY VS CONTEMPORARY/NEXT-GENERATION SOLUTION 49
4.3 FACTORS AFFECTING BUYING DECISION 51
4.4 PORTER'S MODEL 53
5 MARKET OVERVIEW 54
5.1 DRIVERS 56
5.1.1 INCREASING DEMAND AND ADOPTION OF CORE BANKING SOLUTIONS 56
5.1.2 INCREASING DEMAND FOR CUSTOMER CENTRIC SOLUTIONS 57
5.1.3 INCREASING INTEGRATION WITH EMERGING TECHNOLOGIES 57
5.2 RESTRAINTS 58
5.2.1 ADHERENCE TO STRICT REGULATORY GUIDELINES 58
5.2.2 DATA SECURITY AND SAFETY CONCERNS 59
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5.3 OPPORTUNITIES 59
5.3.1 RISING DEMAND FOR DIGITAL TRANSFORMATION 59
5.3.2 EXPANSION OF FINTECH ECOSYSTEM 60
5.4 CHALLENGE 60
5.4.1 CUSTOMER RESISTANCE TO CHANGE 60
6 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY TYPE 62
6.1 OVERVIEW 63
6.2 ENTERPRISE CUSTOMER SOLUTIONS 66
6.3 PAYMENT AND WITHDRAWAL 67
6.3.1 NEOBANKS 67
6.3.2 ONLINE PAYMENTS 67
6.3.3 E-WALLET 68
6.3.4 IN-STORE PAYMENTS 68
6.4 TRANSFER 68
6.5 MORTGAGES 68
6.6 LOANS 69
6.7 DEPOSITS 69
6.8 CURRENCY EXCHANGE 70
6.9 OTHERS 70
7 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY OFFERING 71
7.1 OVERVIEW 72
7.2 SOFTWARE 75
7.3 SERVICES 75
7.3.1 MANAGED SERVICES 76
7.3.2 PROFESSIONAL SERVICES 76
7.3.2.1 CONSULTING 76
7.3.2.2 IMPLEMENTATION AND ADVISORY 76
7.3.2.3 SUPPORT 77
8 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY DEPLOYMENT MODEL 78
8.1 OVERVIEW 79
8.2 CLOUD 82
8.3 ON PREMISES 83
9 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY ENTERPRISE SIZE 84
9.1 OVERVIEW 85
9.2 LARGE ENTERPRISES 88
9.2.1 CLOUD 89
9.2.2 ON PREMISES 89
9.3 SMALL AND MEDIUM ENTERPRISES (SMES) 89
9.3.1 CLOUD 89
9.3.2 ON-PREMISES 90
10 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY CHANNEL 91
10.1 OVERVIEW 92
10.2 INTERNET BANKING 95
10.3 MOBILE BANKING 96
10.4 ATMS 96
10.5 BANK BRANCHES 97
10.6 OTHERS 97
11 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY FUNCTION 98
11.1 OVERVIEW 99
11.2 CUSTOMER RELATIONSHIP MANAGEMENT 102
11.3 TRANSACTION PROCESSING 103
11.4 ACCOUNT MANAGEMENT 103
11.5 LOAN MANAGEMENT 104
11.6 RISK MANAGEMENT 104
11.7 PRODUCT MANAGEMENT 105
11.8 COMPLIANCE MANAGEMENT 105
11.9 REPORTING AND ANALYTICS 106
11.10 OTHERS 106
12 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY END USER 107
12.1 OVERVIEW 108
12.2 BANKS 111
12.2.1 ONLINE AND NEOBANKS 112
12.2.2 RETAIL BANK 112
12.2.3 COMMERCIAL BANKS 112
12.2.4 INVESTMENT BANK 112
12.2.5 OTHERS 112
12.2.5.1 ENTERPRISE CUSTOMER SOLUTIONS 113
12.2.5.2 PAYMENTS AND WITHDRAWALS 113
12.2.5.3 TRANSFER 113
12.2.5.4 DEPOSITS 113
12.2.5.5 LOANS 113
12.2.5.6 MORTGAGES 113
12.2.5.7 CURRENCY EXCHANGE 113
12.2.5.8 OTHERS 113
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12.3 CREDIT UNIONS AND COMMUNITY BANKS 114
12.3.1 ENTERPRISE CUSTOMER SOLUTIONS 114
12.3.2 PAYMENTS AND WITHDRAWAL 115
12.3.3 TRANSFER 115
12.3.4 DEPOSITS 115
12.3.5 LOANS 115
12.3.6 MORTGAGES 115
12.3.7 CURRENCY EXCHANGE 115
12.3.8 OTHERS 115
12.3.8.1 LARGE ENTERPRISES 116
12.3.8.2 SMALL AND MEDIUM ENTERPRISES (SMES) 116
12.4 OTHER FINANCIAL INSTITUTIONS 116
13 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET, BY REGION 117
13.1 ASIA-PACIFIC 120
13.1.1 CHINA 127
13.1.2 JAPAN 133
13.1.3 SOUTH KOREA 139
13.1.4 INDIA 145
13.1.5 AUSTRALIA 151
13.1.6 NEW ZEALAND 157
13.1.7 SINGAPORE 163
13.1.8 THAILAND 169
13.1.9 INDONESIA 175
13.1.10 PHILIPPINES 181
13.1.11 MALAYSIA 187
13.1.12 VIETNAM 193
13.1.13 REST OF ASIA-PACIFIC 199
14 ASIA PACIFIC CORE BANKING SOLUTIONS MARKET: COMPANY LANDSCAPE 200
14.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 200
15 SWOT ANALYSIS 201
16 COMPANY PROFILES 202
16.1 IBM 202
16.1.1 COMPANY SNAPSHOT 202
16.1.2 REVENUE ANALYSIS 202
16.1.3 COMPANY SHARE ANALYSIS 203
16.1.4 PRODUCT PORTFOLIO 203
16.1.5 RECENT DEVELOPMENT 204
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16.2 ORACLE 205
16.2.1 COMPANY SNAPSHOT 205
16.2.2 REVENUE ANALYSIS 205
16.2.3 COMPANY SHARE ANALYSIS 206
16.2.4 PRODUCT PORTFOLIO 206
16.2.5 RECENT DEVELOPMENT 206
16.3 FINASTRA 207
16.3.1 COMPANY SNAPSHOT 207
16.3.2 PRODUCT PORTFOLIO 207
16.3.3 COMPANY SHARE ANALYSIS 208
16.3.4 RECENT DEVELOPMENT 208
16.4 TATA CONSULTANCY SERVICES LIMITED 209
16.4.1 COMPANY SNAPSHOT 209
16.4.2 REVENUE ANALYSIS 209
16.4.3 COMPANY SHARE ANALYSIS 210
16.4.4 PRODUCT PORTFOLIO 210
16.4.5 RECENT DEVELOPMENT 210
16.5 FISERV, INC. 212
16.5.1 COMPANY SNAPSHOT 212
16.5.2 REVENUE ANALYSIS 212
16.5.3 COMPANY SHARE ANALYSIS 213
16.5.4 PRODUCT PORTFOLIO 213
16.5.5 RECENT DEVELOPMENT 214
16.6 BACKBASE 215
16.6.1 COMPANY SNAPSHOT 215
16.6.2 PRODUCT PORTFOLIO 215
16.6.3 RECENT DEVELOPMENT 216
16.7 BRICKNODE 217
16.7.1 COMPANY SNAPSHOT 217
16.7.2 PRODUCT PORTFOLIO 217
16.7.3 RECENT DEVELOPMENT 217
16.8 CAPITAL BANKING SOLUTIONS 218
16.8.1 COMPANY SNAPSHOT 218
16.8.2 PRODUCT PORTFOLIO 218
16.8.3 RECENT DEVELOPMENT 218
16.9 CAPGEMINI. (2023) 219
16.9.1 COMPANY SNAPSHOT 219
16.9.2 REVENUE ANALYSIS 219
16.9.3 PRODUCT PORTFOLIO 220
16.9.4 RECENT DEVELOPMENTS 220
16.10 CHETU INC 221
16.10.1 COMPANY SNAPSHOT 221
16.10.2 PRODUCT PORTFOLIO 221
16.10.3 RECENT DEVELOPMENT 221
16.11 FIS 222
16.11.1 COMPANY SNAPSHOT 222
16.11.2 REVENUE ANALYSIS 222
16.11.3 PRODUCT PORTFOLIO 223
16.11.4 RECENT DEVELOPMENT 223
16.12 FORBIS 224
16.12.1 COMPANY SNAPSHOT 224
16.12.2 PRODUCT PORTFOLIO 224
16.12.3 RECENT DEVELOPMENT 224
16.13 HCL TECHNOLOGIES LIMITED 225
16.13.1 COMPANY SNAPSHOT 225
16.13.2 REVENUE ANALYSIS 225
16.13.3 PRODUCT PORTFOLIO 226
16.13.4 RECENT DEVELOPMENT 226
16.14 INFOSYS LIMITED 227
16.14.1 COMPANY SNAPSHOT 227
16.14.2 REVENUE ANALYSIS 227
16.14.3 PRODUCT PORTFOLIO 228
16.14.4 RECENT DEVELOPMENT 228
16.15 JACK HENRY & ASSOCIATES, INC. 229
16.15.1 COMPANY SNAPSHOT 229
16.15.2 REVENUE ANALYSIS 229
16.15.3 PRODUCT PORTFOLIO 230
16.15.4 RECENT DEVELOPMENT 231
16.16 JAYAM SOLUTIONS 232
16.16.1 COMPANY SNAPSHOT 232
16.16.2 PRODUCT PORTFOLIO 232
16.16.3 RECENT DEVELOPMENT 232
16.17 MAMBU 233
16.17.1 COMPANY SNAPSHOT 233
16.17.2 PRODUCT PORTFOLIO 233
16.17.3 RECENT DEVELOPMENTS 234
16.18 NCINO 235
16.18.1 COMPANY SNAPSHOT 235
16.18.2 REVENUE ANALYSIS 235
16.18.3 PRODUCT PORTFOLIO 236
16.18.4 RECENT DEVELOPMENTS 236
16.19 NCR VYOIX CORPORATION 237
16.19.1 COMPANY SNAPSHOT 237
16.19.2 REVENUE ANALYSIS 237
16.19.3 PRODUCT PORTFOLIO 238
16.19.4 RECENT DEVELOPMENT 238
16.20 NELITO SYSTEMS PVT. LTD. 239
16.20.1 COMPANY SNAPSHOT 239
16.20.2 PRODUCT PORTFOLIO 239
16.20.3 RECENT DEVELOPMENTS 240
16.21 SAP 241
16.21.1 COMPANY SNAPSHOT 241
16.21.2 REVENUE ANALYSIS 241
16.21.3 PRODUCT PORTFOLIO 242
16.21.4 RECENT DEVELOPMENT 242
16.22 TEMENOS HEADQUARTERS SA (2023) 243
16.22.1 COMPANY SNAPSHOT 243
16.22.2 REVENUE ANALYSIS 244
16.22.3 PRODUCT PORTFOLIO 244
16.22.4 RECENT DEVELOPMENTS 245
16.23 UNISYS 246
16.23.1 COMPANY SNAPSHOT 246
16.23.2 REVENUE ANALYSIS 246
16.23.3 PRODUCT PORTFOLIO 247
16.23.4 RECENT DEVELOPMENT 247
17 QUESTIONNAIRE 248
18 RELATED REPORTS 251
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