Gartner Research

Gartner Magic Quadrant for Global Retail Core Banking


The core banking system market continues to expand, with more banks moving away from legacy systems and adopting commercial off-the-shelf packages. Banks' CIOs should evaluate products based on their componentization models, use of innovation and alignment with the open banking paradigm.

Published: 10 July 2017

ID: G00308121

Analyst(s): Vittorio D'Orazio Don Free

Table Of Contents

Market Definition/Description

  • Platform Independence
  • Banks as Platforms and Open Banking
  • Leveraging Service-Oriented Architecture and Event-Driven Architecture
  • Componentization
  • Commoditization of Functionality
  • Embedded Analytics
  • Private and Public Clouds

Magic Quadrant

  • Vendor Strengths and Cautions
    • Avaloq
    • EdgeVerve Systems
    • FIS
    • Fiserv
    • Intellect Design Arena
    • Misys
    • SAP
    • Sopra Banking Software (Sopra Banking Amplitude)
    • Sopra Banking Software (Sopra Banking Platform)
    • TCS
    • Temenos
  • Vendors Added and Dropped
    • Added
    • Dropped

Inclusion and Exclusion Criteria

  • Inclusion Criteria
    • Product Capabilities
  • Exclusion Criteria

Evaluation Criteria

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


Market Overview

  • Vendor Landscape
  • 2016 Market Movers
    • Increased Focus on Componentization and Microservices
    • Banks as Platforms
    • App Marketplaces
    • Embedded Data
    • Alternative Delivery Models
    • Deployment Reality Check
  • Banking Business Power, Drivers and Decision Makers

Gartner Recommended Reading

  • Ability to Execute
  • Completeness of Vision
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