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Research and Markets: Global Third-party Banking Software Market 2015-2019 - Key Vendors are Oracle, SAP, Tata Consultancy Services & Temenos GroupResearch and Markets (http://www.researchandmarkets.com/research/6jnp4r/global) has announced the addition of the "Global Third-party Banking Software Market 2015-2019" report to their offering. The analysts forecast the Global Third-party Software market to grow at a CAGR of 7% over the period 2014-2019. A third-party software vendor, unlike the legacy system that is developed by a bank's own in-house IT staff, develops third-party banking software. Worldwide banks are increasingly becoming dissatisfied with legacy systems. One of the major emerging trends in this market is the rising need for adequate patch testing. Federal Financial Institutions Examination Council has advised banks to ensure that the third-party banking software providers take appropriate risk-aversive actions and patch management steps. The integration of multiple channes in banking institutions will give rise to a demand for standardized, flexible, and scalable banking software. According to the report, one of the major drivers of the market is the increased adoption of customer-centric core banking. It helps banks to provide value-added services to customers, encouraging product differentiation and quality-oriented services. Further, the report states that one of the major challenges that the market faces is the concerns regarding information security. Banks have to deal with a large amount of data, because of which their technological needs are complex in nature and make them vulnerable to various kinds of fraud or cyber-attacks. The Global Third-party Software market is categorized into three main segments: Core Banking, Multichannel, and BI. Key Vendors Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/6jnp4r/global |
