Eastern Europe Core Banking

Eastern Europe Core Banking Market Research Report: Forecast (2023-2028)

By Component (Service, (Managed Service, Professional Service), Software), By Deployment (On-Premise, Cloud(, By Type (Retail, Private, Corporate, Universal, Wholesale, Others), By Bank Asset Size (Ti Read more

  • FinTech
  • Jan 2023
  • 189
  • FT22002

Market Definition

Core banking can be defined as a back-end system that processes banking transactions across the various branches of a bank. The system includes deposit, loan, and credit processing. The essential core banking services include floating new accounts, servicing loans, calculating interest, processing deposits and withdrawals, and customer relationship management activities.

Market Insights

The Eastern Europe Core Banking Market is projected to grow at a CAGR of around 16.5% during the forecast period, i.e., 2023-28. Eastern Europe banking and financial institutions have increased the adoption of the core banking system owing to enhancing agility and increasing operational flexibility. The core banking structure in Eastern Europe no longer focuses on competing on their ability to provide the functional needs of the bank. Instead, it looks to differentiate based on the integration strength and flexibility of the underlying architecture.

Therefore, the changing functionality in a commodity would increase the market growth of Eastern Europe core banking through 2028. Moreover, the core banking system helps reduce costs, simplifies the IT landscape, and ensures the shredding of operational costs. Besides, the core banking system has also pushed geographical boundaries by centralizing and integrating global operations.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 16.5%
Country Covered Hungary, Romania, Poland, Czech Republic, Serbia, Bulgaria, Others
Key Companies Profiled FIS, DXC Technology, TAS group, Finastra, Sopra, Temenos, Oracle, Asseco, Diasoft, Avaloq, Others
Unit Denominations USD Million/Billion

 

Moreover, in 2021, the banking sector in Bulgaria showed a sign of recovery from the COVID-19 pandemic. According to The European Banking Federation, the substantially lower impairment expenses and accrued provisions, the accelerated lending and business activity, the low-interest rates, and the management of the credit portfolio quality positively impacted the financial outcome of the banking sector. What has further influenced the industry is the established close cooperation between the BNB & the ECB, incorporation of the Bulgarian lev in the exchange rate mechanism (ERM II), Bulgaria’s commitment to adopt the single European currency.

Further, amid a portfolio of disparate point solutions within the core banking ecosystem, many banks have planned to simplify or simplified their IT landscapes through a new core banking system. Banks and Financial Institutions have undertaken core overhaul to support evolving digital banking capabilities. The state owned regional banks in the region are suffering from the digital gap due to their outdated and internally developed systems. These institutions are increasingly leapfrogging to the latest digital technology, thereby upgrading existing CBS.

  1. Introduction
    1. Research Process
    2. Assumption
    3. Market Share
    4. Market Definition
  2. Executive Summary
  3. Macroeconomic Analysis
  4. Eastern Europe Core Banking Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Component
        1. Service
          1. Managed Service
          2. Professional Service
        2. Software
      2. By Deployment
        1. On-Premise
        2. Cloud
      3. By Type
        1. Retail
        2. Private
        3. Corporate
        4. Universal
        5. Wholesale
        6. Others
      4. By Bank Asset Size
        1. Tier 1- Upto USD10 billion
        2. Tier 2- USD10-30 billion
        3. Tier 3- USD30-100 billion
        4. Tier 4- USD100-250 billion
        5. Tier 5- USD250 and above
      5. By Region
        1. Hungary
        2. Romania
        3. Poland
        4. Czech Republic
        5. Serbia
        6. Bulgaria
        7. Others
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
    3. Poland Core Banking Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By Deployment
        3. By Type
        4. By Bank Asset Size
    4. The Czech Republic Core Banking Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By Deployment
        3. By Type
        4. By Bank Asset Size
    5. Hungary Core Banking Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By Deployment
        3. By Type
        4. By Bank Asset Size
    6. Serbia Core Banking Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By Deployment
        3. By Type
        4. By Bank Asset Size
    7. Romania Core Banking Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By Deployment
        3. By Type
        4. By Bank Asset Size
    8. Bulgaria Core Banking Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Component
        2. By Deployment
        3. By Type
        4. By Bank Asset Size
  5. Eastern Europe Core Banking Market Policies, Regulations, Product Standards  
  6. Eastern Europe Core Banking Market Trends & Insights
  7. Eastern Europe Core Banking Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  8. Eastern Europe Core Banking Market Hotspot and Opportunities
  9. Eastern Europe Core Banking Market Key Strategic Imperatives for Success and Growth
  10. Competition Analysis
    1. Competition Matrix
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target End Users
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2.  Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. FIS
      2. DXC Technology
      3. TAS group
      4. Finastra
      5. Sopra
      6. Temenos
      7. Oracle
      8. Asseco
      9. Diasoft
      10. Avaloq
      11. Others
  11. Disclaimer
Eastern Europe Core Banking Market Segmentation
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