IT Services Vendor Landscape for Banking: North American Version, 2014

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
23 January 2015
Stephen Greer and Jean-Marie Ubigau

Abstract

This is Celent’s second report profiling IT service vendors for the banking industry. It covers 19 vendors around the globe with a focus on North American presence.

IT service vendors have become an integral part of the banking landscape. Even the most self-reliant banks with expert IT organizations have some experience with an IT partner. The many IT service vendors of varying sizes, skills, and focus means it is difficult to create a comprehensive guide for the banking industry.

In the report IT Services Vendor Landscape for Banking: North American Version, 2014, Celent offers an in-depth analysis of various IT service vendors, so this may serve as a guide. Although it is not an exhaustive list of IT service vendors, it captures a wide cross-section of the available vendors and functions.

The report profiles the following vendors:

  • Cognizant Technology Solutions Corporation
  • Computer Sciences Corporations
  • Dell
  • EXL
  • Fiserv
  • Genpact International, Inc.
  • iGate Corporation
  • HCL Technologies, Ltd.
  • Infosys
  • L&T Infotech
  • Mindtree, Ltd.
  • Mphasis Ltd.
  • NIIT Technologies, Ltd.
  • Oracle Corporation
  • Polaris Consulting & Services Limited
  • Syntel, Inc.
  • Virtusa Corporation
  • WNS Holdings, Ltd.
  • Zensar

“In the past 10 to 20 years, offerings by IT service vendors have increased dramatically,” says Stephen Greer, an analyst with Celent’s Banking practice and coauthor of the report. “A mantra for many banks has been to focus on core competencies, meaning they look to third parties for opportunities to increase IT capability.”

“In Celent’s view, the most successful partnerships banks have with IT service vendors are the ones that are not just about replacing staff or lowering costs,” says Jean-Marie Ubigau, an analyst with Celent’s Banking practice and coauthor of the report. Instead, the best partnerships are those that are long-term, strategic engagements, where a vendor is leveraged to bring in new expertise, adds both technology and domain knowledge to the business, and is relied on as a true partner.”

Celent categorizes the IT services space into 13 distinct functions provided by vendors. These categories are referred to in each profile, as well as comparative tables, to provide a look into how different vendors focus their operations.

Insight details

Content Type
Reports
Report Type
Technology trends, Vendor landscape
Location
North America
Special Interest
Innovation & Emerging Technology