|By PR Newswire||
|August 4, 2014 03:57 AM EDT||
BEIJING, Aug. 4, 2014 /PRNewswire/ -- On July 25, global market intelligence firm IDC issued the "Prediction and Analysis on the Chinese Banking Industry IT Solution Market between 2014 and 2018" report. According to the report, outstanding performance of consulting and technology services leader Pactera Technology International Ltd. led the firm to become the second largest domestic player, and overall third largest vendor, in the China banking industry IT solutions market. The historical breakthrough demonstrates that Pactera has, through a transformation of its business, successfully recast itself as an industry leading banking IT solutions provider.
The report further notes that, in addition to becoming China's second largest banking IT solutions provider, Pactera made notable achievements in multiple segments as a result of the firm's fast growth and multi-pronged approach. The firm was ranked first in CRM and Call Center solutions, maintaining its traditional advantages in these two sectors. Pactera also overtook industry peers and ranked first in the payment and liquidation segments, and ranked a very close second in the Business Intelligence (BI) segment.
As China's 'Smart Finance' solutions leader, Pactera further developed its strengths through a series of strategic moves, undertaking several innovative initiatives in addition to its overall strategic transformation. With the accelerating pace of reform across the Chinese banking industry as the backdrop, coupled with breakthroughs in bringing new concepts to market, Pactera expanded its presence in the financial sector with a significant increase in market share attributable to the establishment of its '360 Degree Smart Finance' concept.
Feng Minggang, Executive Vice President and head of the firm's domestic finance business, said that despite a negative environment characterized by a slowdown in growth across the traditional banking industry amid rapid growth of the Internet finance sector, Pactera nevertheless achieved solid growth and strong results thanks to its effort to aggressively address its clients' business challenges. As a consequence, the firm's leading position in the Asia Pacific region's financial sector has been further consolidated and its technologies, solutions and services have been widely recognized by customers. The firm's leading positions in the Chinese banking industry IT solution rankings released by IDC are a result of technological innovations and investments, diversified financial solutions, a move up the value chain and improved capabilities to provide services. Over the last two years, Pactera maintained an overall growth rate of nearly 40 percent in the financial industry market.
Given financial reforms, interest rate liberalization, tightening of regulatory oversight and increasingly severe competition, the ongoing dis-intermediation across the sector is increasingly apparent. These factors have led to an enhancement of competitiveness across the sector and heightened differentiation of products and services through the application of information technologies. The timing is right for the financial sector to upgrade through innovation. With business and delivery centers providing services to the global market, Pactera strengthened its business capabilities in China and across the Asia Pacific region while enhancing its value chain, helping customers to be innovative and transform their business by applying a SMAC (Social, Mobile, Data Analytics, and Cloud Computing) strategy. Targeted at the financial industry, the firm rolled out its comprehensive 'Smart Finance' strategy and solution framework including planning and methodologies. The framework is being widely adopted by customers in the banking, securities and insurance sectors.
Pactera has now expanded its business into both the online and offline sides of the banking industry IT solutions and service sectors, covering the industry's operations management, marketing and customer service segments, including BI, CRM, core banking, e-banking, call centers, financial testing, Internet finance, international settlements, payment platforms, risk management and financial consulting. Several new proprietary modular solutions are aggressively driving sustainable development of the sector. Pactera has a team comprising over 5,000 finance professionals providing services to more than one hundred commercial banks, while providing services to enterprise banks in China and across the globe. These efforts serve to improve its customers' core competitiveness and to enhance their position in the industry. At the same time, Pactera works with its customers to build a new era of smart finance.
IDC predicts that China's banking industry IT solutions market will see a compound growth rate of 23.1 percent between 2014 and 2018 while the size of market scale is on track to reach just under 42 billion yuan (approx. US$6.8 billion) by 2018.
China's banking industry market is on track to become a sizable opportunity for the software service industry. With the wide use of big data, the mobile internet, cloud computing and the adoption of social media, the financial industry is expected to continuously churn out innovative products and business models. The improvement of Pactera's rankings demonstrates the firm's success in its strategic move to focus on major industries. Pactera plans to continue collaborating with its banking customers and partners to build further on that success.
Phone Number: +86.10.5987.5727
Email: [email protected]
SOURCE Pactera Technology International Ltd.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 24, 2016 09:15 PM EDT Reads: 1,658
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 24, 2016 04:15 PM EDT Reads: 461
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aug. 24, 2016 04:15 PM EDT Reads: 2,551
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 24, 2016 04:15 PM EDT Reads: 334
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 24, 2016 02:15 PM EDT Reads: 1,434
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 24, 2016 12:00 PM EDT Reads: 3,846
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 24, 2016 11:00 AM EDT Reads: 2,100
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Aug. 24, 2016 09:45 AM EDT Reads: 2,252
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 24, 2016 09:00 AM EDT Reads: 3,509
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Aug. 24, 2016 07:45 AM EDT Reads: 2,087
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 24, 2016 07:15 AM EDT Reads: 1,657
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 24, 2016 07:00 AM EDT Reads: 1,753
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Aug. 24, 2016 04:30 AM EDT Reads: 2,183
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 24, 2016 03:30 AM EDT Reads: 2,942
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Aug. 24, 2016 02:00 AM EDT Reads: 1,409
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 24, 2016 01:45 AM EDT Reads: 1,884
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 24, 2016 01:00 AM EDT Reads: 1,591
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 24, 2016 12:30 AM EDT Reads: 1,894
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 24, 2016 12:00 AM EDT Reads: 2,848
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 23, 2016 11:30 PM EDT Reads: 2,234