Core Sales Rankings 2015: Global Sales

by Jean-Marie Ubigau,  Stephen Greer, May 6, 2015
Industry Trends
Global

Abstract

The evolution of core banking is changing the market for core platform sales. The rate of conversion is slowing down in almost every region, due in large part to advancements in implementation methodology, where institutions are leveraging middleware, componentization, and modular solutions to circumvent larger migration projects. The cost/benefit analysis of migration isn’t compelling enough to convince many CIOs that the time is right. Market demands can still largely be supported, despite legacy cores.

Vendors have responded, moving toward delivery models that cater to this methodology. Modular implementations have grown by more than 21% over the previous year, while hosted deals have grown by more than 15%. A move toward cloud adoption will have a positive effect on migrations, but currently banks are reluctant to implement cloud on anything more than ancillary, noncore components.

In the report Core Sales Ranking 2015: Global Sales, Celent ranks core vendors based on total assets and deals signed, covering the calendar year between July 1, 2013 and June 30, 2014.

Core banking migration has historically been a high-risk proposition. For many, this has stalled any large IT investments and platform migrations. The intended scope of these projects is subject to a large amount of internal stakeholder scrutiny, and increasingly major investments are being approached incrementally, with carefully defined and short-term ROI.

Vendors have evolved to meet these needs. Componentization and service integration standards are starting to change the mindset of midsize and large institutions. Yet the evolution of the core platform is having reverberations on the nature of what´s considered a core implementation.

The needs of financial institutions vary greatly from country to country, and those country-specific requirements can be the determining factor for a vendor’s success or failure.

“Global vendors have made flexibility a top priority for capturing different market segments across the globe,” says Stephen Greer, an analyst with Celent’s Banking practice and coauthor of the report. “Yet competition and vendor consolidation portend more disruption in traditional segments. Markets long dominated by niche or local players are seeing foreign competition slowly move in. Solutions not optimized for specific bank types are being modified to appeal to a wider audience.”

This report looks at core platform sales in the market, breaking them down by vendor and region. It contains 68 figures and 13 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 a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

The State of Core Platform Sales

2

 

Methodology

3

 

Global Platform Sales

4

Geographical Analysis

8

 

Eastern Europe, Middle East, and Africa (EEMEA)

9

 

Asia-Pacific

11

 

Western Europe

13

 

North America

14

 

Latin America

15

Vendor Analysis

18

 

Avaloq

18

 

Infosys

20

 

Temenos

23

 

Sopra Banking Software

25

 

Tata Consultancy Services

27

 

SAB

30

 

FIS

32

 

Misys

34

 

Bantotal

37

 

Jack Henry & Associates (JHA)

38

 

CSC

41

 

Cobiscorp

43

 

Intellect Design Arena

45

 

International Turnkey Systems (ITS)

47

 

Diasoft

49

 

Center of Financial Technologies (CFT) Group

51

 

Technisys

53

 

InfrasoftTech

55

 

ERI Bancaire

56

 

PROFILE

58

Conclusion

60

Leveraging Celent’s Expertise

63

 

Support for Financial Institutions

63

 

Support for Vendors

63

Related Celent Research

64

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