Gartner Research

Gartner Magic Quadrant for Global Retail Core Banking

Summary

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

Context

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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