2015 Top 10 China Banking Technology Trends

The first private bank went live in January 2015, with the rest soon to follow. NFC continues its growth in both awareness and acceptance for mobile payments. China UnionPay quietly becomes a truly global player both in online and offline. What else will 2015 hold for banking in China?
Top 10 China Banking Technology Trends 2015

Published: January 2015
Description

For the past 4 years we have been doing our Top-10 Trends series. Each year seems to be the most eventful that we have seen to date, and 2014 did not disappoint. Bitcoin continued to play a big role, private banks gradually moved forward, and the Shanghai FTZ started to play a more important part in how we looked at the future of trade and international business.

In banking, 2015 will largely be a continuation of many of the policies and initiatives started in 2014. The first private bank will go live in January 2015, with the rest soon to follow. We can expect NFC to continue its growth in both awareness and acceptance for mobile payments. Direct / online banking will continue to be facilitated and optimized.

To help clients and industry participants better understand what lies ahead, we are pleased to publish our 5th annual top-10 financial technology trends in China’s Banking industry report.

2015 Top 10 China Banking Technology Trends Report Details:

  • Pages: 17 (excluding cover/back pages)
  • Tables and charts: 4

Table of Contents:

  • Foreword
  • Private banks will continue to grow
  • UnionPay continues abroad
  • The Future of China’s mobile payments will be decided in 2015
  • China shifts to IC cards
  • VTMs
  • Banking profitability will fall
  • Community banking and SMB branches growing
  • Rural bonds
  • Wealth management continues to be a key product area
  • Chinese banks move away from foreign vendors
  • Conclusions

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