Report Detail

Financial Services Cloud Computing in Retail Banking - Thematic Research

  • RnM2930068
  • |
  • 12 February, 2019
  • |
  • Global
  • |
  • 43 Pages
  • |
  • GlobalData
  • |
  • Financial Services

Table of Contents

    Players

      Trends

        Value chain

          Industry analysis

            Impact of cloud computing on retail banking

              Companies section

                Technology briefing

                  Glossary

                    APPENDIX: OUR "THEMATIC" RESEARCH METHODOLOGY

                    Cloud computing (IaaS, PaaS, SaaS, private, and hybrid) accounted for 9.5% of a global ICT market that was worth US$2 trillion in 2017, according to GlobalData. Whilst the global ICT market is forecast to grow at a CAGR of 5.7% over the next five years, cloud computing revenues, which passed US$193 billion in 2017, are growing at 18%. In theory, the entire IT market could shift to the cloud, so the disruption yet to be unleashed onto the global software and IT services sector is likely to be substantial.

                    Historically, retail banks have been slow to invest in cloud computing technology due to regulatory compliance issues, concerns around data security and privacy, and a lack of the skills required for management and maintenance.

                    However, as the sources of competitive advantage shift in banking, away from products and towards data, cloud migration has become a strategic priority; not only to enable a more synthesized view of customers across product holdings and channels, but to reduce operating costs, increase flexibility, and reduce time-to-market.

                    Scope

                    This report analyses the impact of cloud computing in retail banking.

                    -It discusses the benefits and uses of cloud computing in banking.

                    -It identifies the winners in the cloud computing technology theme.

                    Reasons to buy

                    The report highlights some of the big disruptors in the cloud computing theme.

                    -It splits the trends analysis for the cloud computing theme into technology trends and banking industry trends.

                    -The report discusses the key value chain segments within each model.

                    -It provides an industry analysis, explaining the adoption of the technology among enterprises.

                    -The report also provides retail bank case studies and offers key recommendations to retail banks and IT vendors.

                    -It offers an overview of the cloud computing technology theme, explaining its benefits and deployment models.

                    Companies mentioned

                    Adobe

                    Alphabet (parent company of Google)

                    Amazon

                    Ellie Mae

                    IBM

                    Infosys

                    Intuit

                    Medidata

                    Microsoft

                    Oracle

                    Salesforce.com

                    SAP

                    TCS

                    Veeva Systems

                    Wipro

                    Workday

                    BBVA

                    Bankinter

                    Capital One

                    DBS

                    Starling Bank

                    TD Bank



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