Recently, the Ministry of Industry and Information Technology’s China Center for Information Industry Development (CCID) officially released the latest ‘2023 Annual Analysis Report on the Market Share of IT Solutions in China’s Banking Industry’ (hereinafter referred to as the ‘Report’).

According to the Report, Agree Technology, with over 20 years of deep cultivation in the banking channel field and continuous innovation, is positioned as a leader in China’s banking IT solutions market. The company has maintained the top position in the smart branch solutions market for several consecutive years, holding over 30% of the market share. It also maintains a leading advantage and strong market competitiveness in the intermediary business, payment clearing, remote banking, and other solution markets, ranking among the top in multiple solution markets.

The Report indicates that the scale of China’s banking IT solutions market in 2023 reached 60.471 billion yuan, a year-on-year growth of 10.8%. The banking industry’s digital transformation continues to accelerate, with independent innovation entering a phase of rapid development, evolving towards deeper waters and achieving new breakthroughs. It is expected that in the next three to five years, driven by the acceleration of digital transformation, independent innovation, and AIGC (Generative Artificial Intelligence), China’s banking IT solutions will enter a new era of intelligent upgrades. Against this backdrop, Agree Technology closely follows industry development needs, continuously launching innovative products and solutions such as cloud tellers and lightweight financial terminals amidst the digital intelligence wave.

Looking ahead, with the in-depth application of AIGC technology and the continuous deepening of digital transformation in the banking industry, we have reason to believe that the market for IT solutions in China’s banking industry will welcome broader development opportunities. Agree Technology will continue to leverage its advantages in smart branches, intermediary business, payment clearing, remote banking, channel management, and open banking, using innovation as the engine and technology as support to promote the banking industry’s intelligent, convenient, and personalised development.