Click here to close now.

Welcome!

Web 2.0 Authors: Lori MacVittie, Carmen Gonzalez, Elizabeth White, Pat Romanski, Dan Ristic

News Feed Item

Pactera Ranked Top 3 Banking IT Solutions Provider In China Market

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.

LOGO

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.

Fiona Zhu
Phone Number: +86.10.5987.5727
Email: [email protected]

Logo - http://photos.prnewswire.com/prnh/20130118/CN37843LOGO

SOURCE Pactera Technology International Ltd.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
SYS-CON Events announced today that On the Avenue Marketing Group, a sales and marketing firm that utilizes events to market and sell products to consumers, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. On the Avenue Marketing Group (OTA) is a sales and marketing firm that utilizes events to market and sell products to consumers. On behalf of our clients, we attend thousands of fairs, festivals, expos, concerts, conferences, and sporting events annually, helping them reach millions of individuals ...
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that prevent them from doing so. The Company is uniquely positioned to help address these challenges thro...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® and DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo® and DevOps Summit 2015 Silicon Valley, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
The WebRTC Summit 2015 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and sim...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provides a high level technical overview of many cloud services available to mobile app developers, includi...
BroadSoft on Tuesday announced that it is a recipient of the 2014 Frost & Sullivan Market Leadership Award in the Hosted/Cloud Internet Protocol (IP) Telephony market for Latin America. According to Frost & Sullivan market research, the Latin America (LATAM) hosted/cloud Internet Protocol (IP) telephony market, including integrated unified communications and collaboration (UC&C) applications, is currently experiencing a rapid growth trajectory and is expected to exhibit a tenfold rise in annual revenues in the 2013-2020 period. With more than 600 cloud deployments internationally, BroadSoft w...
SYS-CON Events announced today that StorPool Storage will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. StorPool is distributed storage software that allows service providers, enterprises and other cloud builders to run data storage on standard x86 servers, instead of using expensive and inefficient storage arrays (SAN).
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
VoxImplant has announced full WebRTC support in the newest versions of its Android SDK and iOS SDK. The updated SDKs, which enable audio and video calls on mobile devices, are now compatible with the WebRTC standard to allow any mobile app to communicate with WebRTC-enabled browsers, including Google Chrome, Mozilla Firefox, Opera, and, when available, Microsoft Spartan. The WebRTC-updated SDKs represent VoxImplant's continued leadership in simplifying the development of real-time communications (RTC) services for app developers. VoxImplant (built by Zingaya, the real-time communication servi...
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
SYS-CON Events announced today that Intelligent Systems Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-critical systems. ISS has completed many successful projects in Healthcare, Commercial, Manufacturing, ...
Sonus Networks introduced the Sonus WebRTC Services Solution, a virtualized Web Real-Time Communications (WebRTC) offer, purpose-built for the Cloud. The WebRTC Services Solution provides signaling from WebRTC-to-WebRTC applications and interworking from WebRTC-to-Session Initiation Protocol (SIP), delivering advanced real-time communications capabilities on mobile applications and on websites, which are accessible via a browser.
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
SYS-CON Events announced today that Tufin, the market-leading provider of Security Policy Orchestration Solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. As the market leader of Security Policy Orchestration, Tufin automates and accelerates network configuration changes while maintaining security and compliance. Tufin's award-winning Orchestration Suite™ gives IT organizations the power and agility to enforce security policy across complex, multi-vendor enterprise networks. With more than 1...