Finance Cloud Market, Growth, Size, Share, Trends and forecast (2024-2032)
According to a new report by UnivDatos, the “ Finance Cloud Market ” is expected to reach USD 477.39 Billion in 2032 by growing at a CAGR of 15.30 %. Digital-only banks are disrupting traditional banking by offering customer-centric, AI-powered services that are operationally efficient and profitable at scale. Successful neobanks leverage AI to deepen customer relationships, personalize services, automate processes, and manage risk. The past 18 months have been the best period for global banking overall since at least 2007, as rising interest rates boosted profits and lifted return on equity (ROE) to 12% in 2022 and an expected 13% in 2023. Between 2015 and 2022, more than 70% of the net increase in financial funds ended up off traditional banking balance sheets, held by insurance and pension funds, sovereign wealth funds, private capital, alternative investments, and retail and institutional investors. Consumer digital payment processing conducted by payments specialists grew by...