Core Banking Solutions for Midsize Banks: A Global Perspective

by Bart Narter,  Stephen Greer, February 16, 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 with it 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 Midsize Banks: A Global Perspective, Celent compares a range of solutions that have a sizable presence with midsize global banks, specifically those solutions with more than 50% of their customer base having between US$1 billion and $20 billion assets, or those with over 30 banks within that range. In this report, Celent covers solutions where more than 10% of the clients 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.

“Analytics, customer-centricity, and multichannel technologies are major trends across the market,” says Bart Narter, Celent Senior Vice President and coauthor of the report. “Banks increasingly want a core system that utilizes data analytics in order to provide a more complete view of the customer which then allows for better customer-bank communication. Multichannel options like ATM, mobile, internet, and IVR are crucial in attracting and serving customers.”

This report is one of 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




Accenture: Alnova Financial Solutions


ERI Bancaire: OLYMPIC Banking System


FIS: Profile


Fiserv; Signature (International)


Infosys: Finacle


Oracle Financial Services Software: FLEXCUBE


Polaris Financial Technology Limited: Intellect


SAP AG: SAP Transactional Banking


SunGard: Ambit Private Core Banking


SunGard: Ambit Retail Core 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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