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Global Core Banking Systems Market: 2024

Publisher Juniper Research
Published Jun 10, 2024
Length 55 Pages
SKU # JNRH19878148

Description

Our Core Banking Systems research report provides in-depth analysis and evaluation of how traditional core banking system vendors are reimaging their approach to banking by building composable and modular solutions, to provide financial institutions with more customised and effective tools. The report evaluates key trends in the banking sector and core banking systems market, alongside the benefits and challenges of adopting modern core banking solutions, such as improved customer experience, improved digital banking services and easier regulatory compliance. The report also positions 18 vendors across the Juniper Research Competitor Leaderboard for core banking systems; assessed on their products and positioning against their capability and capacity. Collectively, the report provides a critical tool for understanding the core banking software market; allowing core banking providers to shape their future strategy.

Key Features:

Market Dynamics: Insights into key trends and market expansion challenges within the core banking systems market; addressing challenges posed by the fast-evolving shift from legacy systems, increased demand for advanced customer engagement and easier regulatory compliance. It also evaluates the introduction of new technologies within future-proof core banking platforms, such as machine learning, and the potential benefits of adopting next‑generation core banking applications for community banks, mid-size banks and large financial institutions.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the core banking systems market, accompanied by strategic recommendations for stakeholders, such as leaders in core banking services and financial institutions.
Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 18 core banking systems vendors, via the Juniper Research Competitor Leaderboard, featuring market size for major players in the core banking platform industry.

10x Banking
Avaloq
Backbase
Capital Banking Solutions
EdgeVerve
Finastra
FIS
Mambu
nCino
Novatti
Oracle
SAP
SDK.Finance
Sopra Steria
Tata Consultancy Services
Temenos
Thought Machine
Tuum

Please note: the online download version of this report is for a global site license.

Table of Contents

55 Pages
1. Core Banking Systems – Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.2 Strategic Recommendations
2. Core Banking Systems – Market Landscape
2.1 Introduction
2.1.1 Traditional Core Banking Systems
Figure 2.1: Global Number of Digital Banking Users (m), 2024
Figure 2.2: Core Banking Systems Infrastructure
2.2 Current Market Landscape
2.2.1 The New Generation of Core Banking Systems
Figure 2.3: The Evolution of Core Banking Systems
2.2.2 Composable Banking
2.2.3 Self-built Cores
2.2.4 Benefits of Transforming Core Banking Systems
2.2.5 Challenges of Transforming Core Banking Systems
2.3 Technologies Accessed via Next-Gen Core Banking Systems
i. Encryption Algorithms and Digital Certificates
ii. Salesforce and Microsoft Dynamics for CRM
iii. Smart Contracts
iv. Generative AI
2.4 Future Outlook
2.4.1 Modularisation & Hybrid Architecture
2.4.2 Cloud-based infrastructure
2.4.3 Data Analytics
2.4.4 Security
3. Competitor Leaderboard
3.1 Why Read This Report
Key Core Banking Systems Takeaways
Requirement for Future-proof Core Banking Systems
Increased Adoption of Composable Banking
Table 3.1: Juniper Research Competitor Leaderboard Vendors: Core Banking Systems
Figure 3.2: Juniper Research Core Banking System Competitor Leaderboard
Table 3.3: Juniper Research Core Banking System Vendors Positioning
Table 3.4: Juniper Research Core Banking Systems Competitor Leaderboard Heatmap Results (Part 1 of 2)
Table 3.5: Juniper Research Core Banking Systems Competitor Leaderboard Heatmap Results (Part 2 of 2)
3.2 Core Banking Systems Vendor Profiles
3.2.1 10 x Banking
i. Corporate
Table 3.6: 10 X Banking’s Investment Rounds ($m) 2017-2024
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
Figure 3.7: 10 x Banking SuperCore Platform Modules and Services
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
3.2.2 Avaloq
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.3 Backbase
i. Corporate
Table 3.8: Backbase’s Financial Snapshot ($m), 2021-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.4 Capital Banking Solutions
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
Figure 3.9: CapitalBanker Infrastructure
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.5 EdgeVerve
i. Corporate
Table 3.10: EdgeVerve’s Financial Snapshot ($m), 2022-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.6 Finastra
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.7 FIS
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.8 Mambu
i. Corporate
Table 3.11: Mambu’s Investment Rounds ($m), 2011-2021
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
Figure 3.12: Mambu’s Core Banking Ecosystem
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.9 nCino
i. Corporate
Table 3.13: nCino’s Investment Rounds ($m), 2013-2022
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.10 Novatti
i. Corporate
ii. Geographical Spread
& PAYMENTS
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.11 Oracle
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.12 SAP
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.13 SDK.finance
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.14 Sopra Steria
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.15 Tata Consultancy Services
i. Corporate
Table 3.14: Tata Consultancy Services’ Financial Snapshot ($m), 2021-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.16 Temenos
i. Corporate
Table 3.15: Temenos’ Acquisition History (2007-2019)
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
Figure 3.16: Temenos Banking Platform Ecosystem
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.17 Thought Machine
i. Corporate
Table 3.17: Thought Machine’s Investment Rounds ($m) 2018-2022
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
3.2.18 Tuum
i. Corporate
Table 3.18: Tuum Investment Rounds ($m), 2020-2024
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development
Opportunities
Table 3.19: Juniper Research Competitor Leaderboard: Core Banking Systems

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