A significant rise in the market growth can be attributed to the advantages offered by core banking software, such as process standardization, transaction accuracy, improved management of documentation and records, and ease in the submission of regulatory reports. It also aids customers in opening accounts, calculating interest, completing quick routine transactions of cash deposits and withdrawals, and offering banking services anywhere. Besides this, the growing shift toward online banking solutions represents another major factor contributing to the core banking software market growth.
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Core Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026