"As China's economy enters a new normal, banks' operational environment undergoes profound changes. While facing the challenges of macroeconomic transformation, financial market changes, regulatory tightening, technology innovation, and so forth, China's banking industry also has greater development opportunities. Traditional banks will pay more attention to product and innovation so as to meet increasingly diversified and differentiated user demands. As user demand changes, China's banking IT solution market enters a new stage of development while maintaining a steady growth momentum. Specialized services will continue to be an important development trend of the banking IT solution market. In the IT solution market, the delivery model is shifting from the 'software+service' one of the past to one dominated by services. The future banking IT solution market will be more 'customer-centered.' Whoever wins users will win the market. Market competition will be increasingly concentrated on IT solution providers' professional experience and specialized service ability," Fang Zheng, senior research manager, Industry Research and Consultancy, IDC China.
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