Global Banking Services Category - Procurement Market Intelligence Report
About Banking Services
The global banking services market is registering a rise in demand from clients since the inception of web-based banking services such as mobile and internet banking. The banking services sector has been seeing a significant transformation in the needs related to the type of service that is demanded by clients.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Banking Services Market. Its helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Banking Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Banking Services Category - Procurement Market Intelligence Report
SpendEdge recognizes the following companies as the key suppliers in the Global Banking Services Market:
Bank of America
Commenting on the report, an analyst from SpendEdge said: “ Buyers in the banking services market should identify service providers who have elevated level of technological adoption. Technologies such as digital authentication through fingerprint and layered structure helps to enhance the security of transactions and data.”
According to the report, the rise in corporate globalization has increased the number of corporate transactions taking place, resulting in high demand for corporate banking services.
Further, the report states that the fluctuations in macroeconomic scenarios is one of the major procurement challenges faced by buyers in the banking services category. The liquidity level of a bank determines its ability to meet near-term financial obligations, such as cash withdrawals carried out by depositors. However, liquidity level of a bank is highly dependent on the macroeconomic factors such as inflation rate, unemployment rate, and GDP of the region.
HSBC,Wells Fargo,Bank of America ,Citigroup,JPMorgan Chase