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We know the market for core banking systems, back office operations and associated technology like no one else. Through our monthly IBS Journal, in-depth reports, surveys and consulting, we can guide any bank around the globe to make the best choices. We have been focusing on this market for 20+ years and are the sector’s definitive source of information and knowledge.
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Slovenská Sporiteľňa, the largest commercial bank in Slovakia, has migrated its SEPA payments functionality from its incumbent core system to the specialised SEPA Gateway product from Dion Global Solutions.
India-based payments supplier, Electracard Services (ECS), has struck a deal with seven Nepalese banks to roll out a shared ATM, POS and EFT payments platform. The new infrastructure will be based on ECS's flagship Electra iTx system.
Allahabad Bank's eight-year core banking system contract is nearing its end date (6th April 2014), and the bank has chosen an external consultant to help its renewal process.
Simcorp has purchased its partner on the client reporting side, London-based Equipos, for a price tag of €10 million. The acquisition will help Simcorp grow its market share in the global reporting market, states Simcorp's SVP.
There is no escaping the lack of activity in the core banking software market in 2013, despite signs of a recent global economic pick-up. Other research firms may be 'predicting growth' or 'remaining bullish' with their copycat big leagues, waves, quadrants and hype cycles, but at IBS we don't have our head in the clouds and publish what is actually happening out there. It is not pretty, at least not so far.
What does our annual snapshot of the core banking systems sector show for 2013? Once more, vendors struggled with ever fewer selections and a lack of activity among larger banks. Is this the new norm?
No green shoots yet as core banking systems market shrinks further in 2013 >>
Russian vendors Sales League Table 2014 (results Jan-Dec 2013) >>
US retail banking systems market analysis 2014 (results Jan-Dec 2013) >>
Core Banking Systems Market Dynamics Report 2014 >>