Assets of Chinese banks reached US$14 trillion in 2010, and bank IT spending reached US$11 billion in 2010. Domestic vendors account for most of the market in many fields, except for credit cards and wealth management, which are dominated by foreign technology. Currently, market concentration in China’s banking industry is very low, with the top 10 vendors having only 50% of the market. Hua Zhang, Analyst with Celent’s Asian Financial Services group, examines the banking technology vendor landscape in China, looking at vendors’ product features, customer segmentation, and strategies moving forward.

This presentation draws on material from the Celent report Chinese Banking Technology Vendor Landscape: The Domestic Players.

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For more information or a copy of the presentation, please contact Steve Nawrocki at +1.67.262.3128 or snawrocki@celent.com.