Ranking the US Vendors of Internet Banking Solutions: Update

March 20, 2001


Boston, MA, USA  March 20, 2001

Ranking the US Vendors of Internet Banking Solutions    

The leading source in Internet banking, Celent Communications analyzes and ranks twelve of the leading solutions on the market in this indispensable guide for banks selecting an Internet banking software vendor. The 44-page report provides an in-depth analysis of each vendor solution and compares the offerings in terms of scalability, cost, breadth of transactions supported, flexibility and financial stability of the vendor as well as other criteria.

  Large Financial Institutions Midsize Financial Institutions Small Financial Institutions
Rank (>$10 billion in assets) ($2 to $10 billion in assets) (<$2 billion in assets)
1 Financial Fusion Corillian Digital Insight
2 Brokat Digital Insight FundsXpress
3 S1 Consumer Suite Financial Fusion S1 Internet Banking System
4 Corillian Brokat ORCC

“This past year has witnessed significant change in the Internet banking space. Consolidation occurred at rapid clip as vendors pursued more diverse and integrated platforms and jockeyed to increase market share,” noted Meredith Hickman, an analyst at Celent. “2001 will be amake or break year for a handful of firms struggling to survive. We expect a further condensed market next year.”  

Fritz McCormick, co-author of the report, added "At the same time as Internet banking vendors are facing financial difficulties, there is huge pressure on them to add an ever increasing host of functionality, including wireless access, EBPP, wealth management and small business capabilities".

Financial Fusion has borne out Celent's prediction from last year that the company would make significant inroads and has taken the slot as the top ranked vendor in the large bank market. Corillian continues to merit attention as well, and is ranked top in the medium-sized bank market. For the second year, Digital Insight earned the top spot for the small bank market as well as second place in the mid-size market. The company continues to impress clients with its straightforward and honest approach and the breadth of modules available.

S1's two products, Consumer Suite and Internet Banking System, also take high honors. S1 has significantly improved over last years rather lackluster performance, by focusing on improving its customer service, expanding its feature set to be the most thorough financial services platform on the market, and investing in updating its technology.

A Table of Contents for this report is available online.

of Celent Communication's Retail Banking research service can download the report electronically by clicking on the icon to the left.

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 operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
Tel: +1 212 345 1366

Europe (London)
Chris Williams
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
Tel.: +81 3 3500 3023

Table of Contents


Boston, MA, USA, March 20, 2001

Ranking the US Vendors of Internet Banking Solutions 

Return to report Abstract

  Financial Stability of Vendors  4
  Consolidation  6
  Platforms Discontinued  6
  Brokat Technologies  10
  Corillian  11
  Digital Insight  14
  Equifax  17
  Financial Fusion  19
  FundsXpress Financial Network  22
  Intelidata  25
  ORCC  26
  Regency  27
  S1  29
  VIFI  33
  Comparative Tables and Charts  35
  The Ranking  43



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