Gartner Research

Modernization, Consolidation and Regionalization Are Driving Core Banking Transformation in Asia

Published: 16 November 2012

ID: G00239622

Analyst(s): Don Free, Ethan Wang

Summary

More than 25% of large Asian banks plan to replace or upgrade their core banking systems during the next five years. Demands of modernization, regionalization and consolidation are the key drivers. Gartner provides analysis of market forces and bank activity profiles within Asia.

Table Of Contents

Analysis

  • Key Drivers of Asian Core Banking Initiatives: Modernization, Regionalization and Consolidation
  • The Future of Core Banking Modernization in Asia Must Address the Needs of Integration and Change Management
    • Modernization Is Still the Major Driving Factor for Core Banking in Asia
    • Integration With Channel, Risk Management and Business Analytic Tools
    • Change Management and Version Control Are Getting Complicated
    • Shared: A Possible Cost-Saving Option for Banks in Asia
  • The Asian Core Banking Market — Region by Region
    • An Overview of CBSs in Asia
    • Summary — Core Banking Hardware Platforms in Asia
  • Greater China Region (Mainland China, Taiwan and Hong Kong)
    • CBSs: In-house Versus Global Vendors Versus Local Vendors
    • Hardware: Mainframe for Centralization, Unix for Cost Savings
    • Driving Factors: Modernization
    • IT Culture: Local Partners and Local References
  • Japan
    • CBSs: An Enclosed Core Banking Market
    • Hardware: Mainframe Is Mainstream
    • Driving Factors: Consolidation and Modernization
    • IT Culture: Innovative in Technology, but Cautious About Cost
  • ASEAN
    • CBSs: Dominated by Local and Global Vendors
    • Hardware: IBM iSeries Fits Large ASEAN Banks Well
    • Driving Factors: Regionalization and Modernization
    • IT Culture: Islamic Banking
  • Conclusions and Recommendations

Recommended Reading

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Log In

Become a client

Learn how to access this content as a Gartner client.

Learn More