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PORTLAND, Ore., Jan. 12, 2021 /PRNewswire/ Allied Market Research published a report, titled, Core Banking Solutions Market by Component (Solution and Service), Deployment Model (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises [SMEs]), Type (Enterprise Customer Solutions, Loans, Deposits, and Others), and End User (Banks, Credit Unions & Community Banks, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global core banking solutions industry was estimated at $9.85 billion in 2019, and is anticipated to hit $28.78 billion by 2027, registering a CAGR of 14.6% from 2020 to 2027.
Drivers, restraints, and opportunities-
Rise in adoption of core banking technology and numerous benefits associated with core banking solutions fuel the growth of the global core banking solutions market. Also, growth in mergers & acquisitions among banks & financial institutions acro
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World’s Best Digital Banks 2020: Middle East
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Global Finance’s Best Digital Bank awards are ramping up the shift to digital banking.
December 10, 2020
Technology promises greater resiliency, innovation and opportunities alongside improved efficiency and customer service. But the Covid pandemic has forced banks to reassess their digital transformation strategies, particularly how they are interact with clients and customers, putting more pressure on the industry to provide seamless digital solutions.
More than half (53%) of Middle East consumers have increased their reliance on mobile shopping due to the pandemic and only 9% do not report shopping online, according to PricewaterhouseCoopers’s recent Covid-19 Pulse Survey. While the pandemic has made the switch to digital an imperative, the Middle East winners of