Italy Digital Banking Market Size, Industry Trends, Share and Forecast 2019-2025
The Italy digital banking market is estimated to grow at a significant growth rate of 7.0% over the forecast period to hit over $760 million in 2025 from nearly $500 million in 2018. Italy is considered as the potential market for digital banking. The major factors contributing to the growth of the market include available infrastructure for digital services coupled with the digital transformation of financial services. The banking sector is among the primary strong points of the Italian economy. The profitability of banking in Italy has been improving and according to the European Banking Federation, in 2018, the Return of equity (ROE), net of extraordinary components, increased to around 6% from 4.1% in 2017. The overall improvement is mostly attributed to fewer loan loss provisions and a 3.9% reduction in operating costs.
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The Italy digital banking market is segmented on the
basis of type and solution. Based on type, the market is classified into
corporate banking, investment banking, and retail banking. Retail banking held
the largest share in 2018 and is expected to maintain its dominance during the
forecast period. Retail banking involves a wide range of services, including
saving accounts, personal loans, mortgages, certificates of deposit (CDs) and
investment and fund management. Rising demand for internet banking among
individuals to manage their accounts and conduct financial transactions is
primarily contributing to the growth of the segment. Based on solution, the
market is classified into processing services, payment solutions, customer and
channel management, and risk management.
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Italy Digital
Banking Market Segmentation
By Type
·
Corporate
Banking
·
Investment
Banking
·
Retail
Banking
By Solution
·
Processing
Services
·
Payment
·
Customer
and Channel Management
·
Risk Management
Company Profiles
·
ACI
Worldwide, Inc.,
·
Appway AG
·
Atos SE
·
Backbase
BV
·
Capital
Banking Solutions
·
CERALOGIX
AB
·
Computer
Services, Inc.
·
Cor
Financial Solutions Ltd.
·
EBANKIT-OMNICHANNEL
INNOVATION, S.A.
·
Etronika
UAB
·
Fidor
Solutions AG
·
Finastra
·
Fiserv,
Inc.
·
Halcom
d.d.
·
Intellect
Design Arena Ltd.
·
Microsoft
Corp.
·
NCR Corp.
·
NETinfo
PLC
·
NETinfo
PLC
·
New
Frontier Innova d.o.o Beograd
·
Oracle
Corp.
·
SAB Group
·
SAP SE
·
Sopra
Steria Group
·
Tata
Consultancy Services Ltd.
·
Technisys
SA
·
Temenos SA
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