The global banking & payments industry experienced a 37% drop in company filings mentions of cloud in Q2 2023 compared with the previous quarter, with the highest share accounted for by S&P Global with 13% year-on-year increase, according to GlobalData’s analysis of over 381 banking & payments company filings. GlobalData’s Banking and Payments Predictions in 2023 – Thematic Intelligence report offers more insights into the impact of cloud and other key themes such as Artificial Intelligence, Conversational Platforms, and Cybersecurity on the banking and payments industry. Buy the report here.
Notably, cloud was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of digital banking and social, according to GlobalData.
Of the top leading companies in the banking & payments industry, S&P Global had the greatest increase in references for cloud in Q2 2023, compared with the previous quarter. GlobalData identified nine cloud-related sentences in the company's filings - 0.5% of all sentences - and an increase of 13% in Q2 2023 compared with Q2 2022. 3i Group’s mentions of cloud rose by 50% to 6 and Nasdaq’s by 25% to 6 and Nexi’s by 50% to 6 and CITIC’s by 55% to 5.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q2 2023 was 101.
To further understand GlobalData's analysis on Banking and Payments Predictions in 2023 – Thematic Intelligence, buy the report here.