Big Leagues Table 2012: Global Core Banking Sales Ranking

by Stephen Greer, December 21, 2012
Industry Trends
Global

Abstract

Competition within core banking is becoming increasingly more intense, as global players look to flush out the wide range of opportunities coming from emerging geographies.

The international expansion of financial institutions and changing requirements for products and services offered by banks have provided a wealth of opportunities for core vendors. Banks are still wiping away the debris from the global financial crisis, and what they’re finding is a global financial system that is more constrictive on their bottom line.

In the report, Big Leagues Table 2012: Global Core Banking Sales Ranking, Celent has developed a scoring methodology to rank the core banking vendors on their deals during the time period between July 1, 2011 and June 30, 2012. The Celent Big Leagues Table assesses the success of a core banking vendor based on a proxy for the value of deals won, rather than merely the number of deals. Celent believes that a sales ranking should include both the size of the deals and an adjustment for the geographical location of the implementation. With that view, Celent introduced the Big Leagues Table to compare how various core banking vendors performed across the world.

Compared to last year, the total number of core deals has gone up significantly, going from 226 in 2010–11 to 445 in 2011–12. Deal sizes have also gone way up due to a number of large deals. The highest number of deals is still coming out of Asia and Africa, and Celent sees those regions continuing to constitute the bulk of sales going forward.

“The regulatory fallout from the financial crisis has added a multitude of complexity to the needs of financial institutions around the globe,” says Stephen Greer, Analyst with Celent’s Banking Group and author of the report. “Vendors have been rushing to take advantage of this opportunity of necessity.”

This report provides a detailed look at core banking deals and measures the number of new banking deals that vendors won in the 12 months ending June 30, 2012. The report first provides a geographical analysis of North America, Latin America, Western Europe, Asia-Pacific, and Eastern Europe, the Middle East, and Africa.

This 62-page report contains 61 figures and three tables.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America (Boston)
Erica Ferguson
eferguson@celent.com
Tel.: +1 617 262 8225

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)208 870 7875

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81.3.3500.3023

Table of Contents

Executive Summary

1

Big Leagues Table Methodology

3

Big Leagues Table

6

Geographical Analysis

10

 

Asia-Pacific

12

 

Eastern Europe, Middle East, and Africa (EEMEA)

15

 

Western Europe

18

 

North America

21

 

Latin America

24

Vendor Analysis

26

 

FIS

26

 

Infosys

28

 

Tata Consultancy Services

30

 

Sopra Banking Software

33

 

Temenos

35

 

Bantotal

37

 

Polaris Financial Technology Limited

38

 

International Turnkey Systems (ITS)

41

 

ICS Financial Systems

42

 

Diasoft

43

 

ERI Bancaire

44

 

Infrasoft Technologies

46

 

Path Solutions

48

 

Cobiscorp

50

 

JHA

51

 

Top Systems

52

 

SunGard

53

Conclusion

55

Leveraging Celent’s Expertise

57

 

Support for Financial Institutions

57

 

Support for Vendors

57

Related Celent Research

58

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