The Big Leagues 2013: Core Platform Sales Ranking

by Stephen Greer,  Daniel Latimore, February 3, 2014
Industry Trends
Global

Abstract

Moving into 2014, the definition of core banking continues to evolve at varying speeds around the world.

Core systems were sold in over 70 countries in 2013, down from more than 80 in 2012. Total deals globally totaled more than 360 on Celent’s Big Leagues deal score, down from 445 in 2011-12.

In the report The Big Leagues 2013: Core Platform Sales Ranking, Celent has developed a methodology to rank the core banking vendors on their deals between July 1, 2012 and June 30, 2013. The Celent Big Leagues Table uses a weighted score designed to assess the value of deals won, rather than merely the number of deals. Celent introduced the Big Leagues Table to compare how various core banking vendors performed across the world.

For some, core means everything that is central to the bank; mobile banking and channels are quickly moving in this direction. For others, core is a tight bundling of essential record-keeping and deposits that tries to be as small as possible. The latter is an example of what many banks have done to sidestep the limitations of an aging platform. The branch is no longer the center of the banking universe, and digital (including changing customer demand) is changing the branch-centric design and product-centric business model that has dominated banking

For Celent, the definition of core has historically been retail and wholesale deposits and lending, together with the system of record for customer information. Celent sees a shift in the way vendors have taken on the challenge of transformations. This has at once made core deals difficult to track yet easier to undertake. Modularization and componentization aren’t new, but these key concepts are opening up possibilities for core.

“Celent is bullish about the core market,” says Dan Latimore, Senior Vice President with Celent’s Banking Group and coauthor of the report. “Standardization initiatives are gaining momentum, and as IT development evolves toward simplicity and modularity, core adoption will become easier to justify.”

“The cycle time for new channels and products will continue to shorten,” adds Stephen Greer, Analyst with Celent’s Banking Group and coauthor of the report. “As complexity grows, vendors will undoubtedly be at the forefront of innovation, with core banking deals not far behind.”

This report examines core banking sales based on two key components: geography and vendor. The report delves into global, regional, and vendor-specific trends.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Big Leagues Sales Rankings

2

Big Leagues Ranking Methodology

8

Geographical Analysis

11

 

Eastern Europe, Middle East, and Africa (EEMEA)

12

 

Asia-Pacific

15

 

Western Europe

17

 

North America

18

 

Latin America

21

Vendor Analysis

23

 

Infosys

23

 

TCS

25

 

Misys

27

 

Polaris

28

 

International Turnkey Systems (ITS)

30

 

Temenos

32

 

FIS

35

 

Infrasoft Tech

37

 

Diasoft

39

 

Sopra Banking Software

40

 

Center of Financial Technologies (CFT) Group

42

 

ERI Bancaire

43

 

Nucleus

45

 

Jack Henry and Associates (JHA)

47

 

CSC

48

Conclusion

50

Leveraging Celent’s Expertise

53

 

Support for Financial Institutions

53

 

Support for Vendors

53

Related Celent Research

54

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