Gartner Research

Magic Quadrant for Global Retail Core Banking

Published: 22 July 2019

ID: G00368239

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


Core banking market demand keeps surging, underpinned by digital banking transformation, with an increased focus on commercial off-the-shelf packages, public cloud and open banking initiatives. Bank CIOs should evaluate core banking products in the broader context of the open core banking ecosystem.

Table Of Contents

Market Definition/Description

  • API Marketplaces
  • Cloud
  • Ecosystems
  • Analytics and AI

Magic Quadrant

  • Vendor Strengths and Cautions
    • EdgeVerve Systems
    • Finastra (Fusion Essence)
    • Intellect Design Arena
    • Mambu
    • Oracle
    • TCS
    • Temenos
  • Vendors Added and Dropped
    • Added
    • Dropped

Inclusion and Exclusion Criteria

  • Inclusion Criteria
    • Market Penetration
    • Active Market Presence
  • Exclusion Criteria

Evaluation Criteria

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


Market Overview

  • Vendor Landscape
  • 2018 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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