TechNavio today launched its Global Retail Banking IT Spending Market 2011“2015 report based on an in-depth study covering the Americas and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s IT Services team said, The traditional way of retail banking requires customers to visit a bank branch for each transaction. However, the needs of customers are changing, as a result of which the concept of “convenience banking” evolved. Through convenience banking facilities, customers can perform transactions with ease at anytime and anywhere. Young customers in particular are reluctant to spend hours to perform a transaction at a retail bank branch; instead, they demand retail banking facilities that enable them to manage their banking affairs regardless of their location.
According to the report, Online Banking is one of the fastest growing segments in the Global Retail Banking IT Spending market. Most banks in developed economies have already adopted core banking technologies, but online banking still remains an area in which research and innovation is ongoing with the aim of producing secure and customized platforms.
The report also reveals that one of the major challenges in this market is the low internet penetration in emerging countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-retail-banking-it-spending-market-20…
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TechNavio Announces the Publication of its Report “ Global Retail Banking IT Spending Market 2011“2015
