According to a recent study from market research firm Graphical Research, the introduction of advanced banking technologies has enabled institutions to improve the delivery of their services and has even resulted in creating a robust banking structure. North America digital banking market size to hit US$ 800 Bn by 2026
Retail banking solutions will witness rise in demand among end-users of North America digital banking market. Banks are increasing their focus on doing business that puts customers as top priority. People today are searching for convenient and easier ways to get their banking transactions done.
The non-transactional service segment will register growth of more than 9% through 2026. There has been an extensive rise in demand for account services, customer service, asset management, consultancy, stock advisory, financial planning, and other services. The adoption of digital banking technology services is helping enterprises in managing the banking experience and ensuring optimum service delivery.
Investment banking is another sector that will increasingly use digital technologies for making investment transactions easier. This segment of North America digital banking market will steadily grow at a CAGR of 7% through 2026. Advanced technologies are being used to help investment banks deliver high-quality services to their customers. With the help of these technologies, they get an in-depth insight into customer behavior patterns while making investment decisions.
Canada digital banking market will significantly flourish during the projected timeline as the country is already involved in introducing many advanced banking technologies to improve its financial performance. There are many finance companies that are creating digital platforms to reach out to their customers in a direct way and receive first-hand feedback about the quality of their services.
Appway AG, ebankIT, The Bank of New York Mellon Corporation, Finastra, Infosys Limited and Intelligent Design Arena Ltd. are some of the renowned companies that provide digital banking solutions in North America.