Gartner Research

Magic Quadrant for Global Retail Core Banking

Published: 21 April 2016

ID: G00272194

Analyst(s): Don Free

Summary

The core banking market demand for practical and enabling technology to support significant business initiatives, such as a digital banking strategy, is surging. Lack of agility and the high cost of technology are driving more banks to build the business case for core banking renewal.

Table Of Contents

Market Definition/Description

  • Platform-Independent
  • Open Banking
  • Leveraging Service-Oriented Architecture and Event-Driven Architecture
  • Componentization
  • Functional Commodity
  • Bottom Line

Magic Quadrant

  • Vendor Strengths and Cautions
    • Avaloq
    • BML Istisharat
    • Datapro
    • FIS
    • Fiserv (DNA)
    • Fiserv (Signature)
    • Infosys
    • Intellect Design Arena
    • Misys
    • Oracle
    • SAB
    • SAP
    • Silverlake Axis
    • Sopra Banking Software (Sopra Banking Amplitude)
    • Sopra Banking Software (Sopra Banking Platform)
    • TCS
    • Temenos
  • Vendors Added and Dropped
    • Added
    • Dropped

Inclusion and Exclusion Criteria

  • Changes From 2014
  • Inclusion Criteria
    • GRCB Product Capabilities
  • Exclusion Criteria

Evaluation Criteria

  • Ability to Execute
  • Completeness of Vision
  • Quadrant Descriptions
    • Leaders
    • Challengers
    • Visionaries
    • Niche Players

Context

Market Overview

  • Targeted Research
  • Vendor Landscape and Quadrant Movements
  • 2015 Market Movers
  • Banking Business Power, Drivers and Decision Makers

Gartner Recommended Reading

  • Ability to Execute
  • Completeness of Vision

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