DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bbcf1d/core_banking_solut) has announced the addition of the "Core Banking Solutions Market in China 2010-2014 " report to their offering.
The Chinese core banking systems market is highly fragmented and continues to grow at a high rate. Chinese banks no longer focus exclusively on savings costs but extensively on customer satisfaction. With customers being exposed to several international banking services, customer satisfaction now has higher standards.
Strong support from the Chinese government and increasing foreign investments has been driving this market. Large vendors offer high quality and expensive solutions while small vendors offer low cost solutions that sometimes lack quality. This factor continues to be a major challenge for the growth of this market.
TechNavio's Core Banking Solutions Market in China 2010-2014 report has been prepared based on an in-depth study of the market along with inputs from industry experts. The report contains market and vendor landscape supported by drivers, restraints and trends. It also contains an analysis of key vendors in the market.
For the purpose of this report the Chinese core banking systems market includes vendors providing Core Banking Solutions (CBS) to major banks in China. The report also covers the scope and the growth of banking solutions market in China from 2010 to 2014.
Chinese Banks Focus on Core Banking Solutions
Core banking solutions such as Customer relationship management (CRM) have been gaining importance in the Chinese banking sector. Chinese banks now routinely calculate customer value based on accounts average balances, account activity, services usage, branch visits and other variables. Chinese banks are also aiming at tighter integration of all service channels. CRM has been playing a very important role in establishing and maintaining customer relationship by providing better customer value. This is a major driver for the growth of the Core banking solutions sector.
The core banking services market will continue to adopt third party vendors in the near future. The lack of highly skilled labor will dissuade organizations from building technology in-house. More over the time and cost benefits offered by third party vendors will make them attractive options.
TechNavio's analyst says, Customers are being exposed to a wide variety of services and products from both domestic and foreign banks. As a result customer expectation has increased considerably over the last few years pushing banks to meet this demand.
TechNavio has published a report on this subject titled Core Banking Solutions China - 2010-2014. This report has been prepared based on a study of the core banking solutions market in China. Inputs from industry experts, vendors and end-users were used in the analysis. The report includes a market size estimate and forecast, market landscape based on segments along with trends, challenges and drivers.
Key Topics Covered:
- Executive Summary
- Introduction
- Market Landscape
- Vendor Landscape
- Market Growth Drivers
- Challenges
- Market Trends
- Key Vendor Analysis
- Longtop Financial Technologies
- Yucheng Technologies Limited
- TCS Financial Solutions
- Digital China
- IBM
- List of Exhibits
- Exhibit 1: Overall Core Banking Solutions market share in China (2010 - 2014)
- Exhibit 2: Market Share by Top Players
For more information visit http://www.researchandmarkets.com/research/bbcf1d/core_banking_solut