Gartner Research

Gartner Magic Quadrant for Global Retail Core Banking


The demand for core banking packages is expected to grow in 2020 as banks deliver on digitalization strategies while facing the consequences from the COVID-19 pandemic. Bank CIOs should consider evaluating both long-standing and emerging vendors, especially when pursuing public cloud installations.

Published: 05 August 2020

ID: G00447951

Analyst(s): Vittorio D'Orazio Don Free

Table Of Contents

Market Definition/Description

  • API Marketplaces
  • Cloud
  • Ecosystems
  • Analytics and AI

Magic Quadrant

  • Vendor Strengths and Cautions
    • EdgeVerve Systems
    • 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
  • 2019 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
Already a Gartner client?

Become a Client

This research is reserved for paying clients. Speak with a Gartner specialist to learn how you can access this research as a client, plus insights, advice and tools to help you achieve your goals.

Contact Information

All fields are required.

By clicking the "Submit" button, you are agreeing to the Gartner Terms of Use and Privacy Policy.

Experience Information Technology conferences

Join your peers for the unveiling of the latest insights at Gartner conferences.

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.