Global Analytics and Risk Compliance Solutions for Banking Market 2016-2020

  • ID: 4013353
  • Report
  • Region: Global
  • 111 pages
  • TechNavio
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About Analytics and Risk Compliance Solutions

Financial services, insurance, and banks are among the most data-driven industries. Commercial banks and insurance companies operate within regulatory environments that require firms to store and analyze several years of transactional data. For making the most from the business financial services, companies rely on relational technologies coupled with business intelligence tool to handle the ever-increasing data and analytics burden. In today’s world of information, financial service industry is witnessing a disruptive change in the way do businesses worldwide. Regulatory reforms drive this change. Ailing business and customer settlements, continuous economic crisis in other industry verticals, high cost of new technology and business models, and high degree of industry consolidation and automation are some of the other growth drivers. Companies are rapidly changing business models. Financial institutions are changing the way they do businesses and building a high degree of ability to avoid the risk for losing confidence of customers and shareholders. With the growing customer expectation, financial institutions are gearing up their efforts to attract, retain, and grow their next generation of technological-driven bankers.

Analysts forecast the global analytics and risk compliance solutions for banking market to grow at a CAGR of 17.2% during the period 2016-2020.

Covered in This Report:
The report covers the present scenario and the growth prospects of the global analytics and risk compliance solutions for banking market for 2016-2020. To calculate the market size, the report considers the revenue generated from the Americas, APAC, and EMEA.

The Market is Divided into the Following Segments Based on Geography:
- Americas
- APAC
- EMEA

Global Analytics and Risk Compliance Solutions For Banking Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors:
- CMO
- EMC
- IBM
- MetricStream
- Nasdaq

Other Prominent Vendors:
- Check Point Software Technologies
- LogicManager
- MEGA International
- NAVEX Global
- Oracle
- Protiviti
- Rsam
- SAI Global
- SAP
- SAS Institute
- Software AG
- Thomson Reuters

Market Drivers:
- Increased need to comply with regulatory requirements.
- For a full, detailed list, view the full report

Market challenges:
- Difficulty in validating the accuracy of the underlying data.
- For a full, detailed list, view the full report

Market Trends:
- Emergence of social media as marketing and collaboration medium.
- For a full, detailed list, view the full report

Key Questions Answered in This Report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Geographical segmentation
  • Geographical segmentation
  • Americas
  • EMEA
  • APAC
Part 07: Market drivers
  • Exponential growth in data and portfolio risk solutions
  • Increased need to comply with regulatory requirements
  • Greater efficiency and productivity
Part 08: Impact of drivers

Part 09: Market challenges
  • Lack of expertise in big data technology
  • Difficulty in validating the accuracy of the underlying data
  • Increased security concerns and issues in integration
Part 10: Impact of drivers and challenges

Part 11: Market trends
  • Continuous increase in investments in big data analytics
  • Emergence of social media as marketing and collaboration medium
  • Integrated GRC platform
Part 12: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
Part 13: Key vendor analysis
  • CMO Software
  • EMC
  • IBM
  • MetricStream
  • Nasdaq
Part 14: Appendix
  • List of abbreviations
Part 15: About the Author

List of Exhibits
Exhibit 01: Countries covered
Exhibit 02: Countries covered for market analysis
Exhibit 03: Product offerings
Exhibit 04: Three dimensions of big data analytics
Exhibit 05: Applications of big data
Exhibit 06: Applications of big data in the financial services sector
Exhibit 07: Global analytics and risk compliance solutions for banking market ($ billions)
Exhibit 08: Key takeaways 2015-2020
Exhibit 09: Financing plans through technological innovations
Exhibit 10: Banking solutions
Exhibit 11: Growth strategies of banking institutions
Exhibit 12: Five forces analysis
Exhibit 13: Geographical segmentation 2015 and 2020
Exhibit 14: Analytics and risk compliance solutions for banking market in the Americas ($ millions)
Exhibit 15: Analytics and risk compliance solutions for banking market in EMEA ($ millions)
Exhibit 16: Strategies to rebuild the ROE
Exhibit 17: New role of branch banking in EMEA
Exhibit 18: Examples of top banks in analytics and risk compliance
Exhibit 19: Analytics and risk compliance solutions for banking market in APAC ($ millions)
Exhibit 20: Growth strategy for banks in APAC
Exhibit 21: Key takeaways from APAC
Exhibit 22: List of services provided by OFSAA
Exhibit 23: Solutions adopted by vendors
Exhibit 24: Impact of drivers
Exhibit 25: Impact of drivers and challenges
Exhibit 26: Cases of big data solutions in the financial services sector
Exhibit 27: Social media benefits to banks
Exhibit 28: Cloud service brokerage model
Exhibit 29: Improved inventory management
Exhibit 30: CMO: Products and features
Exhibit 31: EMC: Products and features
Exhibit 32: MetricStream: Products and features
Exhibit 33: Nasdaq: Products and features
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Global Analytics and Risk Compliance Solutions For Banking Market 2016-2020

Key players in the global analytics and risk compliance solutions for banking market: CMO, EMC, IBM, MetricStream, and Nasdaq.

Other Prominent Vendors in the market are: Check Point Software Technologies, LogicManager, MEGA International, NAVEX Global, Oracle, Protiviti, Rsam, SAI Global, SAP, SAS Institute, Software AG, and Thomson Reuters.

Commenting on the report, an analyst from the team said: “One trend in the market is emergence of social media as marketing and collaboration medium. Social media has been playing a major role in data source for many organizations. This is because of its ability to offer instant feedback about the businesses through social networking sites and blogs. Organizations are adding data warehouses with external data sources. In addition, advancement in text analytics and sentiment analysis is encouraging organization to include social media in their business.”

According to the report, one driver in the market is exponential growth in data and portfolio risk solutions. Organizations across industries are undergoing major digital transformational changes. The inherent benefits of digitization such as better decision-making, improved customer relationships, efficient resource planning, innovations in products and services, and cost savings have boosted the adoption of digital technologies. This has resulted in exponential growth of corporate data. For instance, the healthcare industry has been generating large volumes of digital data due to rapid digitization of manual patient records, fueled by legislative regulations and the need to provide better patient care at lower costs.

Further, the report states that one challenge in the market is lack of expertise in big data technology. Banks need to develop continuously and offer innovative solutions per changing customer requirements. This costly complex process involves a great degree of uncertainty and any failure in understanding the requirements of customers leads to loss of time and money. Most of the organizations in the financial services sector expect big results but are fearful of spending. Thus, their lack of a forward-thinking attitude makes it difficult for banks to calculate and track possible ROI. This may hinder the value additions thereby challenging the development of banks. Therefore, to ensure sustainable growth, it is important for banks to understand the current market need and accordingly offer tailored solutions to clients.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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