What is the development prospect of financial IT industry?

With the continuous opening, accelerated development and intensified competition of China's financial industry, major financial institutions pay more attention to their core business, but they are faced with practical problems such as rapid document growth, difficulty in building positions, high management cost and lack of professionals. Therefore, the demand for outsourcing services continues to expand, and the rapid growth of domestic IT industry, technology and management consulting industry gradually drives the growth of outsourcing services.

China IT Service Industry Development Prospect Forecast and Investment Strategic Planning Analysis Report pointed out that at present, there are two main reasons why domestic banks' IT service outsourcing is caught in the predicament of losing money and earning money. First, labor costs have soared in recent years. Second, driven by capital, many enterprises use low-price bidding strategy to expand market share based on IPO demand, which leads to intensified price war.

With the development of Internet technology and the maturity of the industry, the advantages of specialized financial service outsourcers will become more obvious. The development of Internet, big data and mobile information technology will greatly enhance the intelligence of outsourcing services, enhance the innovation power, and enable service products to respond to market demand more quickly. Intelligent financial services will become the new focus of service outsourcing enterprises.