Branch Automation Solutions for Midsize Banks: A Comparison Among Global Core Banking System Vendors
In the past, branch automation solutions for large banks were significantly different from those designed and sold to midsize banks. That is not the case anymore.
The compelling feature of core system “front ends” used to be the preintegration to the core. Now many solutions from core banking system vendors are highly competitive, and the historically clear and meaningful differences between solutions for large banks and smaller banks are disappearing.
Many banks are investing in multichannel sales and service solutions without upgrading core banking systems. In a new report, Branch Automation Solutions for Midsize Banks: A Comparison Among Global Core Banking System Providers, Celent compares the range of solutions available to midsize banks, those whose weighted average asset size of customers is between $1 billion and $20 billion. The report ranks these vendors using Celent’s ABCD Vendor View. Vendors covered in this report include: Callatay & Wouters, Fiserv, SunGard, Tata Consultancy Services, and Temenos.
“The historically clear and meaningful differences between solutions for large banks and smaller banks are disappearing,” says Bob Meara, Senior Analyst with Celent’s Banking Group and author of the report. “A growing number of solution providers are installing the same applications in banks across the asset size spectrum—with good results.”