LONDON, April 21, 2015 /PRNewswire/ --
IBS Intelligence reports on the core banking software market activity across the globe in 2014, with the results included in the latest Core Banking Systems Market Dynamics Report.
At long last there are signs of a modest upturn in the global core banking software market. However, like the economic upturn as a whole, not everyone is benefiting, with those in the ascendancy being relatively few.
In the three main categories - universal banking, treasury and capital markets, and private banking - there are now between one and three clear market leaders, picking up the bulk of the deals. Unsurprisingly, virtually all of these are focused companies with one flagship core product. Meanwhile, the many other systems that have been brought under single roofs by market consolidation are mostly falling away.
Martin Whybrow, managing director, IBS Intelligence, comments: "It all adds up to a fragmented picture, with some causes for optimism, a still tough market, and only a relatively small number of suppliers that are buoyant. Nevertheless, that's a happier conclusion than for the previous few years. The majority of the deals in 2014 were in the lower end space, but a number of the top end banks have started analysis, once more, of core systems. It seems a next wave might be on the way."
Tanya Andreasyan, senior editor, IBS Intelligence says: "We have seen a renaissance for some of the smaller, local and regional suppliers. They seem to be gaining from the more piecemeal approach to core system renewal by some of the large, international banks. Many such banks have given up on their grand plans of past years to standardise all international operations on a single core. In part through painful experience, they are increasingly opting instead for a more pragmatic approach of picking the best system for the local market and, sometimes, giving autonomy back to the country operation for selecting this."
For over two decades, IBS Intelligence has been charting the core banking software market activity across the globe, with the results collated in its annual Sales League Table. It is compiled each year from submissions from banking system suppliers with details of the names of the banks and financial institutions that have bought their systems in the calendar year. IBS Intelligence then verifies each submission and counts new-name deals in the core banking/back office software space (front office deals, licence renewals and extensions to the systems and geographies at an existing customer are excluded).
This information is distilled into the Core Banking Systems Market Dynamics Report 2015. Covering the years 2009 to 2014 inclusive, it analyses the market by year, by continent, by country and by vendor, thereby highlighting the trends, the winners and the losers. The comprehensive data is provided in tables and graphs, with expert country-by-county commentary. It covers well over 1800 deals in 160+ countries and provides a complete picture of what has been going on
You can read more and view a sample of the report at http://www.ibsintelligence.com
About IBS Intelligence
IBS Intelligence is the definitive source of news, research and analysis of the international financial technology industry, including universal, corporate, retail, and private banking, lending, treasury and capital markets, risk management and payments sectors.
IBS Intelligence produces a range of reports, guides and other resources, plus its flagship monthly publication, IBS Journal, providing a comprehensive and unbiased view of the banking technology industry.
IBS Intelligence also provides consulting and bespoke research services.
IBS Intelligence is completely independent and every word of every publication is written by the in-house team, with no advertorial or contributed articles and no ties with suppliers or other third parties.
Find out more at http://www.ibsintelligence.com or call +44(0)1303-262636.
SOURCE IBS Intelligence