Core Banking Solutions for Large Banks: A Global Perspective

by Bart Narter, February 18, 2010
Vendor Reviews
Global, Asia-Pacific, EMEA, Latin America, North America


Core banking is the central processing unit of a bank. The banks, with the help of software vendors, have found the opportunity to leverage Internet technology to handle transactions.

Most of the paper-based transactions of yesteryear have been replaced by digital alternatives. Automation has brought a mantra of efficiency and increased productivity. The core banking systems run 24/7 to support banking operations and transactions using Internet banking, ATM, phone, and debit cards.

In this report, Core Banking Solutions for Large Banks: A Global Perspective, Celent compares the range of solutions primarily available to large banks. Celent has created a map of core banking vendors catering to large banks around the world. We have defined core banking solutions for large banks as those solutions whose weighted average asset size of customers is more than $20 billion. In this report, we cover solutions where more than 10% of the banks are located in regions other than North America. Celent then ranks these vendors on its ABCD Vendor View.

According to Rajesh M R, Celent Analyst and coauthor of the report, “Large banks tend to end up with various different solutions, either because of their need for specialized solutions or because of consolidation through mergers and acquisitions. Banks are increasingly preferring SOA-enabled core solutions, with flexible integration capabilities to tie all the existing solutions and provide a centralized infrastructure.”

“When the largest banks in the world are considering core systems, they think as much about integration and architecture as they do about features and functionality,” explains Bart Narter, Senior Vice President of the Banking group and coauthor of the report. “Banks at this tier spend far more on integration and customization than they do on the software itself.”

This is the final report in a series on core banking. Previous reports in the series include Core Banking Solutions for Small Banks: A Global Perspective, Core Banking Solutions for Midsize Banks: A Global Perspective, and Core Banking Solutions for Midsize and Large Banks: A North American Perspective.

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
Tel: +1 212 345 1366

Europe (London)
Chris Williams
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary


ABCD Analysis





Accenture: Alnova Financial Solutions



CSC: Hogan Core Banking System



FIS: Profile



FIS: Systematics



Infosys Technologies: Finacle



Oracle Financial Services Software: FLEXCUBE



Polaris Software: Intellect



SAP AG: SAP Transactional Banking



Tata Consultancy Services: TCS BaNCS




Leveraging Celent’s Expertise



Support for Financial Institutions



Support for Vendors


Related Celent Research


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