More IT solution for Banks

Core business systems made up for the bulk of total investment in China's banking industry IT solution market in 2012. The intermediary business system segment also grew rapidly. As interest rate liberalization accelerates in China's banking industry, intermediary business systems are the focus of bank transformations.

And in the channel solution market, financial IC card continues to be the core of the market and is becoming the biggest market segment. Electronic channel is a key construction field for the transformation of China's banking industry and the illustration of the customer-focused concept, and this trend is expected to extend to the future.

In the management class market, the business intelligence market is growing rapidly, and continues to take a leading position in this market.

"Faced with downward pressure from both international and domestic economies, China banking industry IT solution market stepped into an integrated development stage while maintaining overall steady growth in 2012. Besides expanding the market size, solution providers should enhance internal management and standardization; continuously improve user acceptance; accumulate mutual trust with users; and focus on their own sustainable development."

"Compared with users in other industries, bank users pay more attention to service team stability and product maturity. As China's banking industry undergoes rapid transformation, bank users will pay more attention to product and service innovation in the next few years. Therefore, segments such as intermediary business system, business intelligence, risk management, financial IC card and mobile finance are likely to grow rapidly,” concludes Frank Fang, Senior Research Manager of Vertical Industry Research and Consulting of IDC.