Explore Next-Generation Core Banking Vendors to Unlock New Capabilities and Outpace Competition

Your bank is facing growing competition from new entrants and existing players who are launching new products and services while also making their products faster and easier to use.
The business wants to launch new products and services, but your existing core banking system struggles to support new capabilities.
New vendors and offerings have come to market; they are quite different than your existing core, and you are struggling to keep up with the current state of the market and vendors.

Our Advice

Critical Insight

Your team doesn’t have the time to scan the market because there are so many core banking systems and vendors.
Core banking vendors are going in different directions from a product feature and capability perspective, and it is difficult to compare them side by side.
There can be an overwhelming number of options, and you need to make sure that the features and functionality that your bank needs are met by the vendor you choose.

Impact and Result

Aggregate the vendors into one landscape including a cross section of vendors to assure you are evaluating from a broad-based group of offerings.
Define your bank’s key capabilities through cost and competitive advantages and map back the vendors’ capabilities to the retail banking reference architecture.
Review the vendor functional criteria Info-Tech analyzed for ten key players in the core banking system market and summarized them.

Explore Next-Generation Core Banking Vendors to Unlock New Capabilities and Outpace Competition Research & Tools

1. Explore Next Generation Core Banking Vendors to Unlock New Capabilities and Outpace Competition – Use our framework, reference architecture, vendor analysis, and the vendor evaluation tool to support your technology decision.

The traditional core banking system (CBS) vendors have been around for decades. Their approach to innovation is heavily focused on the acquisitions of smaller and more innovative players that they integrate into their broad existing platforms. This process is time consuming and results in traditional vendors lagging the market. It can also result in unnecessary technology complexity.

The market for core banking systems has many options. This research provides a curated list of vendors supported by a key feature analysis and a vendor selection tool.

2. Core Banking System Vendor Evaluation Tool – A tool designed to help you evaluate core banking systems based on your bank's specific criteria.

After establishing your purchase and vendor evaluation criteria it's time to put together a broad list of potential vendors. The vendors should be compared alongside one another to help define the most suitable candidate. Use this tool to shortlist top candidates and to demonstrate the thoroughness of the evaluation process to internal stakeholders.

About Info-Tech

Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

What Is a Blueprint?

A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.

Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.

Table of Contents

Talk to an Analyst

Our analyst calls are focused on helping our members use the research we produce, and our experts will guide you to successful project completion.

Book an Analyst Call on This Topic

You can start as early as tomorrow morning. Our analysts will explain the process during your first call.

Get Advice From a Subject Matter Expert

Each call will focus on explaining the material and helping you to plan your project, interpret and analyze the results of each project step, and set the direction for your next project step.

Author

David Tomljenovic

Search Code: 106308
Last Revised: December 2, 2024