Core Banking Solutions for Large Banks: A Global Perspective

by Stephen Greer,  Bart Narter, March 7, 2012
Vendor Reviews
Global, Asia-Pacific, EMEA, Latin America, North America


Core banking is the central processing unit of a bank. Banks, with the help of software vendors, have found the opportunity to leverage multiple channels in order to deliver products and facilitate transactions. What was once a system heavily reliant on paper-based operations has now been revolutionized by digital alternatives, bringing a new wave of automation. Efficiency and increased productivity are the standards. Branch networks are increasingly able to utilize the cohesive properties of new core systems.

In a new report, Core Banking Solutions for Large Banks: A Global Perspective, Celent compares a range of solutions that have a sizable presence with larger banks, specifically those solutions that have more than 20% of their clients with more than $20 billion in assets or more than 10 clients over $100 billion in assets. In this report, Celent also covers solutions where more than 10% of the banks are located in regions other than North America. Celent has created a map of core banking vendors and then ranked these vendors using its ABCD Vendor View. XCelent Awards are given to the leading solutions within four categories.

“The main drivers for core replacements are numerous,” says Bart Narter, Celent Senior Vice President and coauthor of the report. “The most obvious is modernization; providing a more cost effective and efficient way to run core processes. The importance of analytics and its application with regard to the view of the customer and customer service can also be a sub driver for core modernization.”

This is one report in a series on core banking. Other reports include:

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 and XCelent Awards



The XCelent Awards




Accenture; Alnova Financial Solutions


CSC: Celeriti Banking System


FIS: Corebank


FIS; eCas2


FIS: Profile


FIS: Systematics


Infosys; Finacle


Misys: BankFusion Universal Banking


SAP AG: SAP Transactional Banking


Tata Consultancy Services: TCS BaNCS


Temenos T24




Leveraging Celent’s Expertise



Support for Financial Institutions



Support for Vendors


Related Celent Research


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