Gartner Research

A Banker's Guide to Latin American Core Banking Solutions

Published: 30 January 2014

ID: G00255315

Analyst(s): Don Free , Ethan Wang

Summary

The highly competitive Latin American core banking market is dominated by vendors from the Americas, but international vendors are expanding their penetration. Banks considering core system renewal should evaluate vendors' ability to respond to requirements specific to the region.

Table Of Contents

Analysis

  • Latin America — An Important Target Market for Core Banking Renewal
  • A Broad Range of Social, Economic and Cultural Factors Are Driving Latin American Core Banking Renewal
  • An Overview of Selected Latin American Banking Markets
    • Brazil
    • Mexico
    • Argentina
    • Venezuela
    • Chile
  • Vendors in the Latin American Core Banking Market
  • Vendor Functionality: Support for Local Business Rules and Regulations Is Important
  • Vendor Technology: Moving Toward Open Platforms Enabled by Service-Oriented Architecture
  • Implementation Service: Fluency in the Local Language Is a Must-Have
  • Appendix I: Countries in Latin America
  • Appendix II: Vendor Partner and Program Management Summary
    • Accenture — Alnova Financial Solutions
    • Bantotal (DL&A) — Core Banking Solution
    • Condexsa — Sebol Suite
    • Datapro — e-IBS Core Banking
    • FIS — Profile
    • FIS — Systematics
    • Fiserv — Signature
    • Infosys — Finacle Universal Banking Solution
    • Misys — BankFusion Universal Banking
    • Oracle — Oracle Flexcube
    • SAP — SAP Transaction Banking
    • TCS BaNCS
    • Temenos — T24
    • Top Systems — Topaz Banking

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