|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.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing these ideas and some early experiments performed in the Kurento open source software community in areas ...
Sep. 2, 2015 02:15 PM EDT
17th Cloud Expo, taking place Nov 3-5, 2015, 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 enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Sep. 2, 2015 02:00 PM EDT Reads: 1,570
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
Sep. 2, 2015 02:00 PM EDT Reads: 265
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now 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 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Communication) is an open source project supported by Google, Mozilla and Opera that aims to enable bro...
Sep. 2, 2015 01:45 PM EDT Reads: 1,552
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps 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 opportunity. Submit your speaking proposal today!
Sep. 2, 2015 01:30 PM EDT Reads: 1,634
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 2, 2015 01:30 PM EDT Reads: 623
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 2, 2015 01:30 PM EDT Reads: 937
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Sep. 2, 2015 12:45 PM EDT Reads: 194
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so they don't have to be replaced and are instantly converted to become smart, connected devices.
Sep. 2, 2015 12:45 PM EDT Reads: 204
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Sep. 2, 2015 12:15 PM EDT Reads: 415
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
Sep. 2, 2015 12:00 PM EDT Reads: 274
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th 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 an...
Sep. 2, 2015 11:30 AM EDT Reads: 1,996
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on demos and comprehensive walkthroughs.
Sep. 2, 2015 11:30 AM EDT Reads: 384
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Sep. 2, 2015 11:15 AM EDT Reads: 187
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
Sep. 2, 2015 11:15 AM EDT Reads: 497
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Sep. 2, 2015 09:00 AM EDT
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as soon as they are needed to take action.
Sep. 2, 2015 08:45 AM EDT
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Sep. 2, 2015 08:30 AM EDT Reads: 312
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
Sep. 2, 2015 06:45 AM EDT Reads: 347
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Sep. 2, 2015 04:00 AM EDT Reads: 486