Strengthening resilience & accelerating transformation
The global banking industry is growing rapidly over years and is widely adopting latest advanced IT technologies to facilitate the working and implementing the best solutions for their customers. Management of Data is one of the biggest challenges that banking industry faces. For banking sector, finance management is crucial in order to attain the effective processes. As banking system is wide and complex, it deals with various operational challenges and issues, handles large volumes of data and information, has security concerns related to secrecy maintenance and should comply with certain industry regulations. ERP is the best answer for all the banking business processes such as financial reports creation, management of accounts, cash accounting, processing of payments and management of security, etc.
“ERP in banking sector brings ease of operations with its key modules and features, taking care of the complexity and security. SEAL Infotech helps you in dealing with such challenges.”
Statistics
Banking Industry Trends
The global banking industry hit USD $2.34 trillion by 2020. By 2026, the global online banking industry is estimated to reach USD $20.5 billion. Americans hold an average of 5.3 bank accounts. 1 million Americans used online banking in 2019. There were 4,518 commercial banks in the US in 2019. P. Morgan Chase is the largest bank worldwide by market cap.
However, COVID19 pandemic impacted banking operations across the globe. Banks will face a huge challenge in ongoing operations beyond 2024.
Depending on this situation, from USD $1.5 trillion to USD $4.7 trillion in cumulative revenue could be forgone between 2020 and 2024.
USD $3.7 trillion of revenue will be lost over 5 years which equivalent of more than a half year of industry revenues that’s lost.
Expertise
Addressed the Core Challenges
SEAL Infotech’s banking ERP solutions can handle below list of challenges and activities in a successful way:
- Real-time tracking
- Evaluations and reports
- Integrated departments
- Data protection
- 24 / 7 availability
- Monitoring live operations
- Simplified processing / analyzing
- Easy customer interactions and many such
Other Industries We Serve
Browse through our range of industries that we serve globally. Discover our innovative solutions that have added values to various enterprises and businesses.
Case Studies
Browse through our case studies and other information of our esteemed satisfied clients to understand our 360 degrees approach in solving their problems and the overall results we achieved.
Al Ghanim Industries
Alghanim Industries is a multi-billion dollar company with more than 30 businesses.
Al-Jazera Steel
The largest Pipe Manufacturing Company based in Jeddah, Saudi Arabia.
Dubai Electricity and Water (DEWA)
Taking care of Electricity & Water requirements of Dubai citizens
Lulu Hypermarket – Emke Group
LULU GROUP is a highly diversified conglomerate with businesses worldwide.
