The Latin America, Middle East and Africa Retail Core Banking Solution Market would 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.
Free Valuable Insights: The Global Retail Core Banking Solution Market is Predict to reach $7.4 Billion by 2028, at a CAGR of 9.8%
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
Market Segments Covered in the Report:
By Component
- Solution (Without Services)
- Services
By Deployment Mode
By Organization Size
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
Chapter 1. Market Scope & Methodology
1.1 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 KBV 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
TABLE 1 LAMEA Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Retail Core Banking Solution Market
TABLE 4 Product Launches And Product Expansions– Retail Core Banking Solution Market
TABLE 5 Acquisition and Mergers– Retail Core Banking Solution Market
TABLE 6 LAMEA Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 7 LAMEA Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 8 LAMEA Solution (Without Services) Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Solution (Without Services) Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 13 LAMEA Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 14 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 19 LAMEA Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 20 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 25 LAMEA Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 26 LAMEA Regulatory Compliance Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Regulatory Compliance Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Risk Management Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Risk Management Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Digital Banking Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Digital Banking Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Retail Core Banking Solution Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Retail Core Banking Solution Market by Country, 2022 - 2028, USD Million
TABLE 36 Brazil Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 37 Brazil Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 38 Brazil Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 39 Brazil Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 40 Brazil Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 41 Brazil Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 42 Brazil Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 43 Brazil Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 44 Brazil Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 45 Brazil Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 46 Argentina Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 47 Argentina Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 48 Argentina Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 49 Argentina Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 50 Argentina Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 51 Argentina Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 52 Argentina Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 53 Argentina Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 54 Argentina Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 55 Argentina Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 56 UAE Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 57 UAE Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 58 UAE Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 59 UAE Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 60 UAE Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 61 UAE Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 62 UAE Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 63 UAE Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 64 UAE Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 65 UAE Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 66 Saudi Arabia Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 67 Saudi Arabia Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 68 Saudi Arabia Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 69 Saudi Arabia Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 70 Saudi Arabia Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 71 Saudi Arabia Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 72 Saudi Arabia Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 73 Saudi Arabia Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 74 Saudi Arabia Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 75 Saudi Arabia Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 76 South Africa Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 77 South Africa Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 78 South Africa Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 79 South Africa Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 80 South Africa Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 81 South Africa Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 82 South Africa Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 83 South Africa Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 84 South Africa Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 85 South Africa Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 86 Nigeria Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 87 Nigeria Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 88 Nigeria Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 89 Nigeria Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 90 Nigeria Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 91 Nigeria Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 92 Nigeria Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 93 Nigeria Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 94 Nigeria Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 95 Nigeria Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 96 Rest of LAMEA Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 97 Rest of LAMEA Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 98 Rest of LAMEA Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 99 Rest of LAMEA Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 100 Rest of LAMEA Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 101 Rest of LAMEA Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 102 Rest of LAMEA Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 103 Rest of LAMEA Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 104 Rest of LAMEA Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 105 Rest of LAMEA Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 106 Key Information – Temenos AG
TABLE 107 Key Information –Fiserv, Inc.
TABLE 108 Key Information – Tata Consultancy Services Ltd.
TABLE 109 Key Information – Infosys Limited
TABLE 110 Key Information – Oracle Corporation
TABLE 111 Key Information – SAP SE
TABLE 112 Key Information – Jack Henry & Associates, Inc.
TABLE 113 Key Information – Fidelity National Information Services, Inc.
TABLE 114 Key Information – SILVERLAKE AXIS LTD.
TABLE 115 Key Information – Infrasoft Technologies Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Temenos AG
FIG 6 SWOT Analysis: Temenos AG
FIG 7 SWOT Analysis: Fiserv, Inc.
FIG 8 Recent strategies and developments: Tata Consultancy Services Ltd.
FIG 9 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 10 SWOT Analysis: Infosys Limited
FIG 11 SWOT analysis: Oracle Corporation
FIG 12 SWOT Analysis: SAP SE
FIG 13 Recent strategies and developments: Fidelity National Information Services, Inc.