Core Banking Solutions for Midsize Banks: A Global Perspective

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
16 February 2012
Stephen Greer and Bart Narter

Abstract

Core banking is the central processing unit of a bank. Banks, with the help of software vendors, have found the opportunity to leverage multiple channels in order to deliver products and facilitate transactions. What was once a system heavily reliant on paper-based operations has now been revolutionized by digital alternatives, bringing with it a new wave of automation. Efficiency and increased productivity are the standards. Branch networks are increasingly able to utilize the cohesive properties of new core systems.

In a new report, Core Banking Solutions for Midsize Banks: A Global Perspective, Celent compares a range of solutions that have a sizable presence with midsize global banks, specifically those solutions with more than 50% of their customer base having between US$1 billion and $20 billion assets, or those with over 30 banks within that range. In this report, Celent covers solutions where more than 10% of the clients are located in regions other than North America. Celent has created a map of core banking vendors and then ranked these vendors using its ABCD Vendor View. XCelent Awards are given to the leading solutions within four categories.

“Analytics, customer-centricity, and multichannel technologies are major trends across the market,” says Bart Narter, Celent Senior Vice President and coauthor of the report. “Banks increasingly want a core system that utilizes data analytics in order to provide a more complete view of the customer which then allows for better customer-bank communication. Multichannel options like ATM, mobile, internet, and IVR are crucial in attracting and serving customers.”

This report is one of a series on core banking. Other reports include

Insight details

Content Type
Reports
Location
Asia-Pacific, EMEA, LATAM, North America