DIGITAL BANKING PLATFORMS(DBP) MARKET SUMMARY VALUE Chile

  • DIGITAL BANKING PLATFORMS(DBP) MARKET SUMMARY VALUE Chile
  • DIGITAL BANKING PLATFORMS(DBP) MARKET SUMMARY VALUE Chile
  • DIGITAL BANKING PLATFORMS(DBP) MARKET SUMMARY VALUE Chile
  • What is the growth rate of digital banks market in Chile?
  • In Chile, the Digital Banks market market is projected to witness a significant increase in Net Interest Income, reaching US$1.52bn by 2024. Moreover, it is anticipated that the Net Interest Income will experience a steady annual growth rate (CAGR 2024-2029) of 1.78%, resulting in a market volume of US$1.66bn by 2029.
  • What is the global digital banking platform market size?
  • The global digital banking platform market size was valued at USD 20.8 billion in 2021 and is expected to expand at a CAGR of 20.5% from 2022 to 2030. The demand for digital banking is growing because of the increased penetration of smartphones, computers, internet connectivity, IoT devices, and Artificial Intelligence (AI).
  • How big is the digital banking platform market in 2024?
  • Images must be attributed to Mordor Intelligence. The Digital Banking Platform Market is expected to reach USD 10.14 billion in 2024 and grow at a CAGR of 14.04% to reach USD 19.56 billion by 2029.
  • How is the digital banking platform market segmented?
  • The digital banking platform market is segmented by deployment (cloud, on-premises), type (corporate banking, retail banking), and geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
  • Who are the key players in the global digital banking platform market?
  • Some prominent players in the global digital banking platform market include: In December 2022, Finastra partnered with Veem, an online global payments platform. This partnership enabled banks and other institutions to innovate payments and offer digital AR and AP services for their customers.
  • Why are digital banking platforms becoming more popular?
  • Digital banking platforms are becoming more popular as blockchain technology, which makes security better, is used more and more, especially in the BSFI sector. This factor is fueling the market's growth in the country. Many companies are developing blockchain-based cloud digital banking platforms.

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