Until now, banks mainly have focused on using new technology as a shield, or as a means to cut cost, with a focus on the automation of back-office processes, advanced anomaly detection in transaction data for fraud-detection purposes, and similar cost-saving measures. With ROE (return on equity) for global banks under pressure from the increasing costs for regulatory capital, some banks are finally starting to take automation seriously.
Currently a lot of industry attention centers around chatbot solutions in retail banking. Chatbots are interesting from many perspectives but have to become better at understanding natural language. Most cognitive and conversational solutions still only operate in a few languages and don’t perform well enough when they have to use a translation layer. A poor chatbot solution is neither progressive nor good for business. We can expect a major pickup in performance when all solutions operate natively across languages.
In 2018, the global Banking Automation & Roboadvisors market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Banking Automation & Roboadvisors status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Banking Automation & Roboadvisors development in United States, Europe and China.
The key players covered in this study
Alibaba
Antworks
Automation Anywhere
BlackRock
Blue Prism
Boston Consulting Group
Charles Schwab
Cio.com
Facebook
FCA (Financial Conduct Authority)
FutureAdvisor
HSBC
IBM
Ikarus
Market segment by Type, the product can be split into
Robotic Process Automation
Customer Service Chatbots
Roboadvisors
Market segment by Application, split into
BFSI
Government/Public Sector
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Banking Automation & Roboadvisors status, future forecast, growth opportunity, key market and key players.
To present the Banking Automation & Roboadvisors development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Banking Automation & Roboadvisors are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Banking Automation & Roboadvisors . Industry analysis & Market Report on Banking Automation & Roboadvisors is a syndicated market report, published as Global Banking Automation & Roboadvisors Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Banking Automation & Roboadvisors market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.