Digital Banking Market Future Growth Outlook | Infosys, Digiliti Money, Innofis (2024)

Digital Banking Market

HTF Market Intelligence added research publication document on COVID-19 Global & China Digital Banking Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of COVID-19 & China Digital Banking market.

HTF Market Intelligence added research publication document on COVID-19 Global & China Digital Banking Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging bothqualitative and quantitative information of COVID-19 & China Digital Banking market. The study provides valuable market size data for historical (Volume** & Value) from 2014 to 2018 which is estimated and forecasted till 2026*. Some are the key & emerging players that are part of coverage and have being profiled areUrban FT, Kony,Backbase,Technisys,Infosys,Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP.

Click to get COVID-19 Global & China Digital Banking Market Research Sample PDF Copy Now

1. External Factor Analysis

An external analysis looks at the wider business environment that affects the business. This industry assessment covers all the factors that are outside the control. It includes both the micro and macro environmental factors.

MACRO ENVIRONMENT: In-depth coverage on Factors such governmental laws, social construct and cultural norms, environmental conditions, economic, and technology.

MICRO ENVIRONMENT: Factors highlighting the rivalry of the competition.

2. Growth & Margins

Players that are having stellar growth track record is a must see view in the study that Analyst have covered. From 2014 to 2019, some of the company have shown enormous sales figures, with net income going doubled in that period with operating as well as gross margins constantly expanding. The rise of gross margins over past few years directs strong pricing power of the competitive companies in the industry for its products or offering, over and above the increase in the cost of goods sold.

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3. Ambitious growth plans & rising competition?

Industry players are planning to introduce new products launch into various markets around the globe considering applications / end use such as Retail Digital Banking, SME Digital Banking, Corporate Digital Banking, Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys & SAP. Examining some latest innovative products that are vital and may be introduced in EMEA markets in last quarter 2019 and 2020. Considering all round development activities of Urban FT, Kony,Backbase,Technisys,Infosys,Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP, some players profiles are worth attention seeking.

4. Where the COVID-19 & China Digital Banking Industry is today

Though latest year might not be that encouraging as market segments especially , PC & Mobile have shown modest gains, growth scenario could have been changed ifUrban FT, Kony,Backbase,Technisys,Infosys,Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP would have plan ambitious move earlier. Unlike past, but decent valuation and emerging investment cycle to progress in the North America, Europe, Asia-Pacific etc., many growth opportunities ahead for the companies in 2020, it looks descent today but stronger returns would be expected beyond.

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Insights that Study is offering :
• Market Revenue splits by most promising business segments. [By Type (PC & Mobile), By Application (Retail Digital Banking, SME Digital Banking, Corporate Digital Banking, Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys & SAP) and any other business Segment if applicable within scope of report]
• Market Share & Sales Revenue by Key Players & Local Emerging Regional Players. [Some of the players covered in the study are Urban FT, Kony,Backbase,Technisys,Infosys,Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP]
• A separate section on Entropy to gain useful insights on leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Development Activity Including seed funding]
• Competitive Analysis: Company profile of listed players with separate SWOT Analysis, Overview, Product/Services Specification, Headquarter, Downstream Buyers and Upstream Suppliers.
• Gap Analysis by Region. Country break-up will help you dig out Trends and opportunity lying in specific territory of your business interest.

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Thanks for showing your interest; you can also get individual chapter wise section or region wise report version like ASEAN, GCC, LATAM, Western / Eastern Europe or Southeast Asia.

About Author:

HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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Digital Banking Market Future Growth Outlook | Infosys, Digiliti Money, Innofis (2)

Digital Banking Market Future Growth Outlook | Infosys, Digiliti Money, Innofis (2024)

FAQs

How is digital banking growing? ›

The rise of digital banks is not only a technological endeavor but also a response to shifting consumer preferences. Today's customers expect services that fit within their digital lives. They want to manage their finances the same way they shop, communicate and live: digitally, seamlessly and on-demand.

What is the forecast for digital banking? ›

In the Digital Banks market market, the projected Net Interest Income worldwide is set to reach US$1.50tn in 2024. Looking ahead, it is expected that the Net Interest Income will display an annual growth rate (CAGR 2024-2029) of 6.86%, leading to a market volume of US$2.09tn by 2029.

How big is the digital banking market? ›

Digital Banking Market size was valued at USD 10.9 trillion in 2023 and is estimated to register a CAGR of over 3% between 2024 and 2032. Industry has been experiencing substantial growth driven by technological advancements, evolving regulatory demands, and the widespread adoption of digital solutions.

Is digital banking the future? ›

Digital technology is transforming the banking industry by improving customer experience, increasing operational efficiency, and reducing costs. Artificial intelligence, blockchain, mobile banking, cybersecurity, big data analytics, and augmented reality are among the key trends shaping the future of banking.

Who is the target market for digital banking? ›

Millennials and Gen Z being the target audience of digital banking service providers are increasingly adopting digital banking solutions all across the globe.

What is the benefit of digital banking? ›

Digital banking provides services such as setting up a bank account, transferring funds, and making withdrawals. Moving to the online space allows you to save money on opening bank branches. Most tasks are automated. You no longer need to store all customer data in the office.

Who is number 1 in digital banking? ›

Chime is the biggest digital bank in the U.S., with over 13.1 million digital banking users. And Revolut based in London has more than 19,130,000 million users, making it the biggest digital bank in the UK.

What is the most successful digital bank? ›

Top 10 digital banks by total funding
  • Atom Bank US$732m. ...
  • Varo Bank US$992.4m. ...
  • Monzo US$1.1bn. ...
  • N26 US$1.7bn. ...
  • Revolut US$1.7bn. ...
  • Chime US$2.3bn. ...
  • SoFi - US$3bn. ...
  • Nubank US$4.1bn. Top on our list of digital banks by total funding is Nubank, with US$4.1bn generated in investments since its 2013 founding.
Sep 6, 2023

What is the biggest digital market? ›

According to a June 2020 estimate, the United States was the largest digital advertising market worldwide with a spending of 134.66 billion U.S. dollars, followed by China with over 75 billion and the United Kingdom with 19 billion.

Which is the best digital bank? ›

Top 10: Digital Banks
  • SoFi.
  • N26. ...
  • Monzo. ...
  • Starling Bank. Revenue: £453m (US$566m) Year to March 2023. ...
  • Atom Bank. Net-operating income: £65.84m (US$82.43m) FY2023. ...
  • Current. Revenue: US$50.7m FY2023 *estimate. ...
  • Varo Bank. Revenue: US$101m FY2022. ...
  • Ally Bank. Revenue: US$15.97bn FY2023 (Ally Financial) ...
Jul 3, 2024

Why are people switching to digital banks? ›

For many, these digital-only banks offer superior digital experiences, lower fees, and innovative features that appeal to US consumers. The ease of account management and the availability of advanced tools make digital-only banks an attractive alternative to the larger incumbent banks.

How safe is digital banking? ›

Yes, just about all online banks provide FDIC insurance of $250,000 per depositor, per FDIC-insured bank, per ownership category. But note that FDIC insurance doesn't protect against fraud, it protects against bank failure.

What is the trend in digital banking? ›

All in all, the fintech landscape is evolving to adopt new digital banking trends and meet the changing needs of consumers. From more advanced security measures and generative AI to gamification and regtech, these trends are shaping the future of the banking system by making it more personalized and accessible.

Why is electronic banking growing in popularity? ›

One of the biggest benefits of digital banking is that you have easy access to your account and can manage money from your phone. Digital banking platforms also come with lower or fewer fees because they don't have the overhead of physical bank branches.

Why is digital banking popular? ›

One way that digital bank accounts differ from traditional accounts is that they may offer much higher yields and lower fees. The market for savings accounts is much more competitive with digital banks. Because the account is digital, you won't need to worry about looking for local branches.

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