The North America Digital Banking Platform Market would witness market growth of 14.4% CAGR during the forecast period (2020-2026). The personal taste of customers while availing banking services is changing fast towards mobile and online banking. A large number of people are also using smartphone phones or mobile browsers to access their bank accounts. Banks must therefore ensure that they respond to changing banking networks for delivery, cross-selling and up-selling to mobile customers. Digital banking platforms allow the bank to step into the digital world through easily adaptable and customized solutions. Interactive mobile banking applications and websites give rise to improved customer service and improve customer loyalty. In the near future, the growing demand for smartphones will drive the number of digital banking customers, which in turn will fuel demand for the digital banking platform solution among banks.
With changing consumer tastes, today's banks are transitioning rapidly to digital platforms. Various banking services are now widely available through convenient digital channels. However, in order to deliver exceptional customer experience and survive in a highly competitive banking industry, banks need to move towards a much broader digital shift. To meet the demands of both digital and non-digital customers, banks are now embracing omnichannel banking, which helps to retain and automate conventional distribution channels to meet customer needs. To attain this, conventional banks have started integrating and exchanging data with new ecosystems, including FinTech’s, Open Banking, the Payment Services Directive and the SWIFT standards.
Throughout the global banking industry, the pace of digital transformation is increasing due to the introduction of online banks and challengers. Collaboration between retail banks and emerging ecosystems helps retail banks better understand changing consumer needs. The swapping behaviour between bank customers is highly aggressive nowadays, and banks are pressured to offer quality offerings and pricing to today's empowered consumers. These new trends in collaborating and sharing information among banking ecosystem players in order to build customer trust and improve customer digital experience are expected to boost the market for digital banking platforms during the forecast period.
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Type, the market is segmented into Retail Banking and Corporate Banking. Based on Banking Mode, the market is segmented into Online Banking and Mobile Banking. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Digital Banking Platform Market in North America is expected to register a CAGR of 14.4% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Infosys Limited (EdgeVerve Systems), Fidelity Information Services (FIS), Inc., Fiserv, Inc., Oracle Corporation, SAP SE, Temenos AG, The Bank of New York Mellon Corporation, Appway AG, COR Financial Solutions Ltd., and VSoft Corporation.
Scope of the North America Digital Banking Platform Market Analysis
Market Segmentation:
By Component
By Deployment Type
By Type
- Retail Banking
- Corporate Banking
By Banking Mode
- Online Banking
- Mobile Banking
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Infosys Limited (EdgeVerve Systems)
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
- Oracle Corporation
- SAP SE
- Temenos AG
- The Bank of New York Mellon Corporation
- Appway AG
- COR Financial Solutions Ltd.
- VSoft Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Digital Banking Platform Market, by Component
1.4.2 North America Digital Banking Platform Market, by Deployment Type
1.4.3 North America Digital Banking Platform Market, by Type
1.4.4 North America Digital Banking Platform Market, by Banking Mode
1.4.5 North America Digital Banking Platform Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 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 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Nov – 2020, Jun) Leading Players
Chapter 4. North America Digital Banking Platform Market by Component
4.1 North America Digital Banking Platform Solution Market by Country
4.2 North America Digital Banking Platform Services Market by Country
Chapter 5. North America Digital Banking Platform Market by Deployment Type
5.1 North America On-premise Digital Banking Platform Market by Country
5.2 North America Cloud Digital Banking Platform Market by Country
Chapter 6. North America Digital Banking Platform Market by Type
6.1 North America Retail Banking Digital Banking Platform Market by Country
6.2 North America Corporate Banking Digital Banking Platform Market by Country
Chapter 7. North America Digital Banking Platform Market by Banking Mode
7.1 North America Online Banking Digital Banking Platform Market by Country
7.2 North America Mobile Banking Digital Banking Platform Market by Country
Chapter 8. North America Digital Banking Platform Market by Country
8.1 US Digital Banking Platform Market
8.1.1 US Digital Banking Platform Market by Component
8.1.2 US Digital Banking Platform Market by Deployment Type
8.1.3 US Digital Banking Platform Market by Type
8.1.4 US Digital Banking Platform Market by Banking Mode
8.2 Canada Digital Banking Platform Market
8.2.1 Canada Digital Banking Platform Market by Component
8.2.2 Canada Digital Banking Platform Market by Deployment Type
8.2.3 Canada Digital Banking Platform Market by Type
8.2.4 Canada Digital Banking Platform Market by Banking Mode
8.3 Mexico Digital Banking Platform Market
8.3.1 Mexico Digital Banking Platform Market by Component
8.3.2 Mexico Digital Banking Platform Market by Deployment Type
8.3.3 Mexico Digital Banking Platform Market by Type
8.3.4 Mexico Digital Banking Platform Market by Banking Mode
8.4 Rest of North America Digital Banking Platform Market
8.4.1 Rest of North America Digital Banking Platform Market by Component
8.4.2 Rest of North America Digital Banking Platform Market by Deployment Type
8.4.3 Rest of North America Digital Banking Platform Market by Type
8.4.4 Rest of North America Digital Banking Platform Market by Banking Mode
Chapter 9. Company Profiles
9.1 Infosys Limited (EdgeVerve Systems)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Fidelity Information Services (FIS), 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 Fiserv, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.3.4.2 Product Launches and Product Expansions:
9.3.4.3 Acquisition and Mergers:
9.3.5 SWOT Analysis
9.4 Oracle Corporation
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 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 SAP SE
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 Temenos AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.4.2 Product Launches and Product Expansions:
9.6.4.3 Acquisition and Mergers:
9.6.5 SWOT Analysis
9.7 The Bank of New York Mellon Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Product Launches and Product Expansions:
9.8 Appway AG
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Product Launches and Product Expansions:
9.9 COR Financial Solutions Ltd.
9.9.1 Company Overview
9.1 VSoft Corporation
9.10.1 Company overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 North America Digital Banking Platform Market, 2016 - 2019, USD Million
TABLE 2 North America Digital Banking Platform Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Banking Platform Market
TABLE 4 Product Launches And Product Expansions– Digital Banking Platform Market
TABLE 5 Mergers & Acquisitions – Digital Banking Platform Market
TABLE 6 North America Digital Banking Platform Market by Component, 2016 - 2019, USD Million
TABLE 7 North America Digital Banking Platform Market by Component, 2020 - 2026, USD Million
TABLE 8 North America Digital Banking Platform Solution Market by Country, 2016 - 2019, USD Million
TABLE 9 North America Digital Banking Platform Solution Market by Country, 2020 - 2026, USD Million
TABLE 10 North America Digital Banking Platform Services Market by Country, 2016 - 2019, USD Million
TABLE 11 North America Digital Banking Platform Services Market by Country, 2020 - 2026, USD Million
TABLE 12 North America Digital Banking Platform Market by Deployment Type, 2016 - 2019, USD Million
TABLE 13 North America Digital Banking Platform Market by Deployment Type, 2020 - 2026, USD Million
TABLE 14 North America On-premise Digital Banking Platform Market by Country, 2016 - 2019, USD Million
TABLE 15 North America On-premise Digital Banking Platform Market by Country, 2020 - 2026, USD Million
TABLE 16 North America Cloud Digital Banking Platform Market by Country, 2016 - 2019, USD Million
TABLE 17 North America Cloud Digital Banking Platform Market by Country, 2020 - 2026, USD Million
TABLE 18 North America Digital Banking Platform Market by Type, 2016 - 2019, USD Million
TABLE 19 North America Digital Banking Platform Market by Type, 2020 - 2026, USD Million
TABLE 20 North America Retail Banking Digital Banking Platform Market by Country, 2016 - 2019, USD Million
TABLE 21 North America Retail Banking Digital Banking Platform Market by Country, 2020 - 2026, USD Million
TABLE 22 North America Corporate Banking Digital Banking Platform Market by Country, 2016 - 2019, USD Million
TABLE 23 North America Corporate Banking Digital Banking Platform Market by Country, 2020 - 2026, USD Million
TABLE 24 North America Digital Banking Platform Market by Banking Mode, 2016 - 2019, USD Million
TABLE 25 North America Digital Banking Platform Market by Banking Mode, 2020 - 2026, USD Million
TABLE 26 North America Online Banking Digital Banking Platform Market by Country, 2016 - 2019, USD Million
TABLE 27 North America Online Banking Digital Banking Platform Market by Country, 2020 - 2026, USD Million
TABLE 28 North America Mobile Banking Digital Banking Platform Market by Country, 2016 - 2019, USD Million
TABLE 29 North America Mobile Banking Digital Banking Platform Market by Country, 2020 - 2026, USD Million
TABLE 30 North America Digital Banking Platform Market by Country, 2016 - 2019, USD Million
TABLE 31 North America Digital Banking Platform Market by Country, 2020 - 2026, USD Million
TABLE 32 US Digital Banking Platform Market, 2016 - 2019, USD Million
TABLE 33 US Digital Banking Platform Market, 2020 - 2026, USD Million
TABLE 34 US Digital Banking Platform Market by Component, 2016 - 2019, USD Million
TABLE 35 US Digital Banking Platform Market by Component, 2020 - 2026, USD Million
TABLE 36 US Digital Banking Platform Market by Deployment Type, 2016 - 2019, USD Million
TABLE 37 US Digital Banking Platform Market by Deployment Type, 2020 - 2026, USD Million
TABLE 38 US Digital Banking Platform Market by Type, 2016 - 2019, USD Million
TABLE 39 US Digital Banking Platform Market by Type, 2020 - 2026, USD Million
TABLE 40 US Digital Banking Platform Market by Banking Mode, 2016 - 2019, USD Million
TABLE 41 US Digital Banking Platform Market by Banking Mode, 2020 - 2026, USD Million
TABLE 42 Canada Digital Banking Platform Market, 2016 - 2019, USD Million
TABLE 43 Canada Digital Banking Platform Market, 2020 - 2026, USD Million
TABLE 44 Canada Digital Banking Platform Market by Component, 2016 - 2019, USD Million
TABLE 45 Canada Digital Banking Platform Market by Component, 2020 - 2026, USD Million
TABLE 46 Canada Digital Banking Platform Market by Deployment Type, 2016 - 2019, USD Million
TABLE 47 Canada Digital Banking Platform Market by Deployment Type, 2020 - 2026, USD Million
TABLE 48 Canada Digital Banking Platform Market by Type, 2016 - 2019, USD Million
TABLE 49 Canada Digital Banking Platform Market by Type, 2020 - 2026, USD Million
TABLE 50 Canada Digital Banking Platform Market by Banking Mode, 2016 - 2019, USD Million
TABLE 51 Canada Digital Banking Platform Market by Banking Mode, 2020 - 2026, USD Million
TABLE 52 Mexico Digital Banking Platform Market, 2016 - 2019, USD Million
TABLE 53 Mexico Digital Banking Platform Market, 2020 - 2026, USD Million
TABLE 54 Mexico Digital Banking Platform Market by Component, 2016 - 2019, USD Million
TABLE 55 Mexico Digital Banking Platform Market by Component, 2020 - 2026, USD Million
TABLE 56 Mexico Digital Banking Platform Market by Deployment Type, 2016 - 2019, USD Million
TABLE 57 Mexico Digital Banking Platform Market by Deployment Type, 2020 - 2026, USD Million
TABLE 58 Mexico Digital Banking Platform Market by Type, 2016 - 2019, USD Million
TABLE 59 Mexico Digital Banking Platform Market by Type, 2020 - 2026, USD Million
TABLE 60 Mexico Digital Banking Platform Market by Banking Mode, 2016 - 2019, USD Million
TABLE 61 Mexico Digital Banking Platform Market by Banking Mode, 2020 - 2026, USD Million
TABLE 62 Rest of North America Digital Banking Platform Market, 2016 - 2019, USD Million
TABLE 63 Rest of North America Digital Banking Platform Market, 2020 - 2026, USD Million
TABLE 64 Rest of North America Digital Banking Platform Market by Component, 2016 - 2019, USD Million
TABLE 65 Rest of North America Digital Banking Platform Market by Component, 2020 - 2026, USD Million
TABLE 66 Rest of North America Digital Banking Platform Market by Deployment Type, 2016 - 2019, USD Million
TABLE 67 Rest of North America Digital Banking Platform Market by Deployment Type, 2020 - 2026, USD Million
TABLE 68 Rest of North America Digital Banking Platform Market by Type, 2016 - 2019, USD Million
TABLE 69 Rest of North America Digital Banking Platform Market by Type, 2020 - 2026, USD Million
TABLE 70 Rest of North America Digital Banking Platform Market by Banking Mode, 2016 - 2019, USD Million
TABLE 71 Rest of North America Digital Banking Platform Market by Banking Mode, 2020 - 2026, USD Million
TABLE 72 Key Information – Infosys Limited
TABLE 73 Key Information – Fidelity Information Services (FIS), Inc.
TABLE 74 Key Information –Fiserv, Inc.
TABLE 75 Key Information – Oracle Corporation
TABLE 76 Key Information – SAP SE
TABLE 77 Key Information – Temenos AG
TABLE 78 Key Information – The Bank of New York Mellon Corporation
TABLE 79 Key Information – Appway AG
TABLE 80 Key Information – COR Financial Solutions Ltd.
TABLE 81 Key Information – VSoft Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Nov – 2020, Jun) Leading Players
FIG 5 Recent strategies and developments: Infosys Limited
FIG 6 SWOT Analysis: Infosys Limited
FIG 7 Recent strategies and developments: Fidelity Information Services (FIS), Inc.
FIG 8 Swot analysis: fidelity information services (fis), inc.
FIG 9 Recent strategies and developments: Fiserv, Inc.
FIG 10 SWOT Analysis: Fiserv, Inc.
FIG 11 Recent strategies and developments: Oracle Corporation
FIG 12 SWOT analysis: Oracle Corporation
FIG 13 SWOT Analysis: SAP SE
FIG 14 Recent strategies and developments: Temenos AG
FIG 15 SWOT Analysis: Temenos AG
FIG 16 Recent strategies and developments: The Bank of New York Mellon Corporation
FIG 17 Recent strategies and developments: Appway AG
FIG 18 Recent strategies and developments: VSoft Corporation