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The banking, financial services, and insurance (BFSI) industry has undergone a paradigm shift with the advent of new IT technologies. Developments in IT sector and their deep penetration in financial sector has thoroughly transformed multi-channel environment and boosted the applications portfolio of service providers. Banks and financial institutions are making steady developments in adopting various IT services to modernize payment systems and boost business intelligence & customer relationship management (CRM). Reports by Allied Market Research offer analysis of product portfolio of various financial service providers and insights into technology trends that have bolstered the operational efficiency.
Retirement income insurance refers to a life insurance policy that pays a monthly income based on a percentage of the face amount when the policyholder reaches retirement age.
The report provides a comprehensive analysis of the India digital gift card market on a global and regional level. The study further provides insights pertaining to the key market drivers and challenges along with their relative impact at the glo
The global bitcoin payments market was valued at $850.6 billion in 2021, and is projected to reach $3788.2 billion by 2031, growing at a CAGR of 16.3% from 2022 to 2031.
The global pos security market was valued at $4 billion in 2021, and is projected to reach $10.3 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031.
Cryptocurrency mining means the transactions are verified and added from the various forms of cryptocurrencies to the blockchain. The digital ledger, used to record transactions across many computers, together in the blockchain, becomes a complex encryption system.
Social banks offer financial services to individuals and organizations that benefit society, the environment, or the environment's sustainability. Clients benefit from long-term relationships with social banks because they have a direct understanding ...
The global crypto payment gateway market was valued at $1 billion in 2021, and is projected to reach $5.4 billion by 2031, growing at a CAGR of 18.7% from 2022 to 2031.
Cloud computing is the delivery of various services via the Internet. Tools and applications such as data storage, servers, databases, networking, and software are examples of these resources.
The global pension fund management software market size is expected to witness significant growth during the forecast period. A pension fund software is a fully integrated system, designed to deliver the up-to-date ...
The global QR codes payment market size was valued at $8.07 billion in 2020, and is projected to reach $35.07 billion by 2030, growing at a CAGR of 16.1% from 2021 to 2030.
Smart machines are intelligent devices that use machine-to-machine technology to make decisions and solve problems without human intervention and even when performing repetitive tasks at high speeds and in addition, smart machines provide high accuracy.
Application Programming Interface (API) serves as a connection between a programmer and the applications he develops. It serves as a contract between two software components, allowing them to agree on how to ...
The global loan management software market was valued at $5.9 billion in 2021, and is projected to reach $29.9 billion by 2031, growing at a CAGR of 17.8% from 2022 to 2031.
Globally, the market for ATM software is experiencing a stagnant growth and is expected to maintain its dominance during the forecast period. ATM software helps banks to control and manage all its ...
The global b2b payments market was valued at $125432 billion in 2021, and is projected to reach $313947.8 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.
The global blockchain in retail banking market was valued at $1.4 billion in 2021, and is projected to reach $40.4 billion by 2031, growing at a CAGR of 40.4% from 2022 to 2031.
The global loan servicing software market size was valued at $2.3 billion in 2021, and is projected to reach $9.5 billion by 2031, growing at a CAGR of 15.2% from 2022 to 2031.
The A2P messaging in BFSI market refers to any type of message traffic in which a person receives messages through an application from financial institutions. In addition, one-time password, marketing messages, chat ...
Valuables insurance covers the damage or loss of an individual's possessions or assets. Here, "possessions" refers to anything that is not permanently attached to the home structure (possessions that are permanently attached ...
The global demand for loan compliance management software is increasing and is expected to grow as banks and lending institutions are adopting advanced technologies such as machine learning and internet of things ...
The global insurance analytics market size was valued at $7.91 billion in 2019, and is projected to reach $ 22.45 billion by 2027, growing at a CAGR of 14.2% from 2020 to 2027.
The global natural language processing in bfsi market was valued at $3.2 billion in 2021, and is projected to reach $20.3 billion by 2031, growing at a CAGR of 20.5% from 2022 to 2031.
The digital or virtual money in the form of tokens or coins is known as cryptocurrency. Customers can buy bitcoins with cash deposited at an internet-connected kiosk. A crypto ATM is not ...
The global machine learning in banking market size was valued at $1.33 billion in 2021, and is projected to reach $21.27 billion by 2031, growing at a CAGR of 32.2% from 2022 to 2031.
Marine freight insurance is a type of insurance policy that protects marine freight from loss or damage happened during transportation.
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