Gartner Research

A Banker's Guide to Core Banking Solutions for the Middle East and Africa

Published: 12 April 2016

ID: G00299572

Analyst(s): Don Free , Vittorio D'Orazio

Summary

Core banking solution selection is complex, difficult and risky in any region. In the Middle East and Africa, where most core systems are off-the-shelf, regional regulatory differences and lack of IT skills present special challenges for bank CIOs considering these business-critical investments.

Table Of Contents

Analysis

  • Introduction
  • The MEA Core Banking Market
    • Middle East and North Africa
    • Sub-Saharan Africa
  • CBS Providers in MEA
  • CBS Technology: Oracle Database and Java Predominate
  • CBS Business Functionalities: One-Stop-Shop Providers Are Most Wanted by Banks Across MEA
  • Other CBS Business Functionalities: Islamic Banking Is the Emerging Differentiator in Africa, While It Is the Accelerator in the Middle East
  • CBS Providers' Regional Profiles
    • Avaloq (MQ)
    • BML Istisharat (MQ)
    • EdgeVerve Systems (an Infosys Product Co.; MQ)
    • Enterprise
    • ERI Bancaire
    • FIS (MQ)
    • Fiserv (MQ)
    • ICS Financial Systems
    • Infrasoft Technologies
    • Intellect Design Arena (MQ)
    • International Turnkey Systems
    • Misys (MQ)
    • Oracle (MQ)
    • Profile Software
    • SAB (MQ)
    • SAP (MQ)
    • Silverlake Axis (MQ)
    • Sopra Banking Software (MQ)
    • Tata Consultancy Services (MQ)
    • Temenos (MQ)
  • Conclusion: Banks in This Region Prefer Out-of-the-Box Solutions With Little Customization

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