Core Banking Solutions for Midsize Banks: A Global Perspective

by Bart Narter, December 11, 2009
Vendor Reviews
Global, Asia-Pacific, EMEA, Latin America, North America

Abstract

Core banking is the central processing unit of a bank. 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Most of the paper-based transactions of yesteryear have been replaced by digital alternatives.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 the report, Core Banking Solutions for Midsize Banks: A Global Perspective, Celent compares the range of solutions available to midsize banks around the world.

Celent has created a map of core banking vendors catering to small banks around the world. We have defined core banking solutions for midtier banks as those solutions whose weighted average asset size of customers is more than US$1 billion but less than $20 billion. This report covers solutions where more than 10% of the banks are located in regions other than North America. Celent then ranks these vendors on its ABCD analysis.


"Banks' increasing need for diverse functionalities has driven core banking vendors to upgrade their products to provide a complete offering on a flexible infrastructure," says Rajesh M R, Celent analyst and coauthor of the report. "Banks are looking for modern solutions that can scale up with their growth and help them handle their customers effectively."

This report is the fourth in a series on core banking. The final report in the series will be: Core Banking Solutions for Large Banks—A Global 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 subsidiary 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

3

ABCD Analysis

7

Vendors

14

 

Callatay & Wouters: Thaler on SAP

14

 

ERI Bancaire: OLYMPIC Banking System

19

 

FIS: Core24

23

 

FIS: Corebank

26

 

FIS: Bankway International

30

 

Fiserv: Signature (International)

34

 

Harland Financial Solutions: Phoenix (International)

42

 

SunGard: Ambit Core Banking

42

 

Temenos: T24

46

Summary

49

Leveraging Celent’s Expertise

50

 

Support for Financial Institutions

50

 

Support for Vendors

50

Related Celent Research

51

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