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The simple inntron listings and straightforward data summaries that go along with the 118 fully-listed core banking 'vendors of interest' in the international (i.e. not US-centric) context. For market intelligence and objective assessment of international core banking systems, the place to start is the index to the lists and the multiple listings for core banking resource pages that attract hundreds of visits daily. Analysis of the unique visitor activity data is proving interesting as an indicator for the market.
Common inquiries to inntron are about which is the best core banking system, or what are the top 5 or top 10 core banking solutions or vendors? | The top core banking system in the world is different in different parts of the world, and differs according to primary banking and finance business priorities and segments. The U.S. top 5, top 10 or whatever, is completely different from the Asian or even the South American set of leading-choice systems and vendors. We know pretty well who and what they are and can offer guidance...
The Top Ranked Top 10's:
>> by Region | iR American Market Focused Top 10 - top ranked North American focused banking core system vendor assessment
| iR Europe+ Market Focused Top 10 - top ranked greater Europe focused core banking vendor assessment | iR South America Market Focused Top 10 - top ranked South American focused core banking vendor assessment | iR Asia-Pacific (APAC) Market Focused Top 10 - top ranked APAC regional core banking vendor focus | iR Africa and Middle East Market Focused Top 10 - top ranked MEA regional core banking vendor assessment | iR The Middle East Top 10 - top ranked Middle East region core banking system vendor analysis | iR Nordic Countries Top 10 - top ranked Nordic/Scandinavia region core banking system vendor analysis | iR Central America & Caribbean Top 10 - top ranked Central America and the Caribbean region core banking system vendor analysis | iR Africa Top 10 - top ranked African region core banking system vendor analysis | iR Asia Top 10 - top ranked Asian region core banking system vendor assessment
>> by Sector | iR Private Banking Market Focused Top 10 - top ranked special focus on Private Banking core system vendor interest specifically | iR Islamic Banking Market Focused Top 10 - top ranked special focus on Islamic Banking core system vendor interest and assessment | iR Retail Banking Market Focused Top 10 - top ranked special focus on Retail Banking core system vendor interest globally | iR Microfinance and Cooperative Banking Market Focused Top 10 - top ranked special focus on MFI & Co-Op Societies Banking core system vendor interest everywhere | iR Credit Union Market Focused Top 10 - top ranked special focus on CU core system vendor interest worldwide | iR American Community Banking Market Focused Top 10 - top ranked special focus on US community bank core system vendor interest | iR Central Banking Authority Market Focused Top 10 - top ranked special focus on central bank, reserve bank, monetary authority core system vendor interest
>> by Country | iR Australia Market Focused Top 10 - top ranked Australian market core banking system vendors | iR Canada Market Focused Top 10 - top ranked Canadian market banking core system vendors | iR China Market Focused Top 10 - top ranked Chinese market core banking vendors | iR France Market Focused Top 10 - top ranked French market core banking vendors | iR Germany Market Focused Top 10 - top ranked German market core banking vendors | iR India Market Focused Top 10 - top ranked Indian market CBS vendors | iR Indonesia Market Focused Top 10 - top ranked Indonesian market core banking system vendors | iR Italy Market Focused Top 10 - top ranked Italian market core banking system vendors | iR Japan Market Focused Top 10 - top ranked Japanese market core banking system vendors | iR Netherlands Market Focused Top 10 - top ranked Holland market core banking system vendors
| iR Russian Market Focused Top 10 - top ranked Russia market core banking vendors | iR Singapore Market Focused Top 10 - top ranked Singapore market core banking vendors | iR Spain Market Focused Top 10 - top ranked Spanish market core banking vendors | iR Switzerland Market Focused Top 10 - top ranked Swiss market core banking vendors | iR Thailand Market Focused Top 10 - top ranked Thai market core banking vendors | iR UK Market Focused Top 10 - top ranked United Kingdom market core banking vendors | iR USA-only Market Focused Top 10 - top ranked United States market bank core system vendors | iR Vietnam Market Focused Top 10 - top ranked Vietnamese market core banking vendors
Our daily-updated, and monthly-published, iRanking is a helpful guideline or indicator of the global market interest, activity overall, and traction around each core banking system vendor. It is neither influenced nor biased, and is the result of independent research and manual data analysis. It gives a relative position indication. It reflects market activity, and is a proven indicator of future sales based on vendors being of such degrees of interest and in contention now. Determining the one system and vendor that best suites a particular banking and financial services institution in a particular geographic area, or across regions, and taking into account all business priorities and technology preferences, will always require a full evaluation cycle that benefits from the knowledge, insights and up-to-date consulting intelligence that we can provide | more... Contact Us
Keeping track | check the latest jottings on the inntron Fresh pages.
i-flex solutions FlexCube is fully under Oracle Financial Services Software Limited banner as of August 2008. i-Flex stayed at number 2 in our tracking from when we started counting in 2004 up till April 2008, then slipped to #3. In April 2009 Oracle FSS iRanked #1 for the first time. Flexcube is always in contention. But hard to talk to. Since late 2005, we expected them to benefit from the Oracle takeover. We also wondered whether "Oracle", which was seen as an occasional added generic "core banking" search term, will become less visible in other vendor literature? As of April 2008, Oracle Financial Services Software covers a series of products including i-flex Flexcube, Peoplesoft, Siebel, Oracle Financials. The Oracle FSS rebranding for i-Flex Flexcube probably means that i-Flex solution implementations must have Oracle database and Oracle middleware now (Fusion middleware) | more... Fresh
The UK's AttentiV (Summit system) has been part of the Scandinavian group TietoEnator since 2005. We no longer keep AttentiV listed and ranked separately even though inquiries continue for that brand | more... Fresh
Trapedza was bought by Misys in 2006 and the BankFusion product was slated to be rolled up into BankMaster Plus... in 2010 we are hearing about Bankfusion sales and implementations | more... Fresh
SAP has continued strengthening their recognition and position and moved up from the middle of the ranks with help from the retail Deposits Management product. In September 2007, an alliance between SAP and Misys was formed to work on an offering based on Misys BankFusion (ex Trapedza). That could run on the SAP NetWeaver platform, include SAP components like GL and they could also merge SAP's CRM with Misys software for an enhanced retail banking offering | more... Fresh
Temenos held the number 1 position every month we tracked from 2004 to March 2008 (then in April 2008 Fidelity tied at No. 1). First time enquiries and questions about Temenos core banking software find us mostly through Google search engine using T24, CoreBanking (TCB) and the earlier Globus names as key search terms. Though all is not going well for them in Thailand and Mexico. The Swiss group Temenos acquired Financial Objects of the UK in 2008, and later French core systems group, Viveo in 2010 | more... Fresh
FNS activity slowed before... FNS, from Australia, was taken over by the big Indian, Tata Consulting Services (TCS) in late 2005. Interest picked up on the back of the larger set of resources available around the Bancs product under TCS Financial Solutions banner and TCS BaNCS branding. In 2009, a Java-based version of TCS BaNCS was released | more... Fresh
Singapore's System Access updated their image and was trying harder though interest in System Access and SYMBOLS waned subsequently (2005-6). Then they were taken over by the US Sungard group in 2006 | more... Fresh
Silverlake Axis (SIBS, and the Islamic version, SIIBS developer) have a presence on the internet as the source of those systems, and so do Silverlake Group (as an implementer). [see our core banking system vendor links] Silverlake group is touting a new Silverlake Core Banking Solution as implemented in 2008 in CBI in the UAE. There is still are plenty of interest in Silverlake from Asian, African and Middle East enquirers | more... Fresh
As of mid-2008, Cobis Corporation has completed the rebranding so that Cobis is clearly the vendor entity in the Americas and Cobis Core Banking is the product name for their universal banking system (replacing previous Macosa and Microbanx identities) | more... Fresh
When the US core banking market looks for the Silverlake system, they probably want to find Jack Henry & Associates. Malaysia's Silverlake group "inherited" the Silverlake Integrated Banking System (SIBS) core banking system from Jack Henry & Associates in the early 1990's. But Asian vendor Silverlake Axis / Silverlake Group comes up first most times. In 2007, the main US market home-grown core banking system players are Jack Henry, Metavante (in 2009 taken over by FIS), Fidelity (rebranded FIS in 2009), Open Solutions Inc (don't like to be branded OSI), Harland Financial Solutions (HFS), and Fiserv CBS (2010 onwards, just Fiserv) | more... Fresh
With all the acquired entities like Alltel, Sanchez, Kordoba, Aurum, and Metavante (in 2009), the market could be excused for having trouble keeping up with Fidelity. They are growing in recognition internationally, and Profile is being seen more in the market. Fidelity hit Number 1 in April 2008. Searches are more frequently for a product name like Systematics and some inquirers still indicate they do not know of Fidelity. Some have the impression that Fidelity's Corebank is not moving. In September 2005, Computer Sciences Corporation (NYSE: CSC) and Fidelity Information Services (Fidelity), a division of Fidelity National Financial, Inc. (NYSE: FNF), announced they have formed an alliance for the marketing, maintenance and support of three of CSC's Hogan core banking system components. Under the 10-year agreement, CSC and Fidelity will also develop and market new Hogan offerings aimed at lowering banks' total cost of information technology (IT). Almost too many systems with one vendor for them to be good at them all? | in mid-2009, Metavante merged with FNIS to form FIS | more... Fresh
We liked the concepts behind SlaterLabs collaborative Microsoft .NET based approach to core banking when announced in 2005. There are some interesting people behind it as well. Their Etude-Virtuoso programme aimed to streamline the way customers evaluate, purchase, implement and upgrade their next generation of core banking software (over the internet). But, as of mid-2008, it seems the Slaterlabs bubble has burst | more... Fresh
Middle East bankers still look for the ICBS system... and are looking for the banking solution of that name from BML Istisharat and not Fiserv ICBS. Before Fiserv rebranding of CBS and ICBS systems to Signature in 2009, we wondered who was losing out most through the ICBS confusion? | more... Fresh
The Top 10 rated core banking systems or vendors in any particular part of the world should be different from the global, all-in iRanking indicator we present. The top ranked list locally (where you are) should reflect local knowledge and requirements handling, support and experience on the ground, availability of ready-made interfaces and integration experience, etc. Likewise, any top ranked local list or guidance set of systems and vendors, a short-list, if you like, would vary again according to the different banking and financial institution business models, market segment focus, sector priorities, platform preferences, and scale. | more... Contact Us
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Q: How to fast-track the initial stage of any review, evaluation and selection cycle for Core Banking Systems, Software, Solutions? (or just get started...)
A: Document the needs at a High Level by answering questions like: What Country or Countries? | Type / Sector Descriptors? (e.g. Cooperative / Microfinance Institution, Credit Union, Bank / Retail, Wholesale, Corporate, Private or Universal... Conventional or Islamic) | Scale Indicators? (Number of Branches, Number of Customers, Number of Loan Accts, Number of Deposit Accts, Number of Transactions per Day, List of Products, List of Interfaces, etc) | Any Platform Preferences?(Current Environment and Skills are important... such as for Unix, MS, z-Series, Oracle, DB2, etc.) | Other Software / Existing Systems that are to be either integrated or superseded and being replaced? | Local Market Presence? (any leading vendor or system choices in the market - support available - already integrated with local reporting, etc?)... then contact inntron with that information, and more if available, for some objective and independent initial input and practical guidance that no vendor can give, and which some big-name consultancies labour over too much.
Then engage us, say for an interactive briefing (e.g. 2 hours on a Skype video call worked wonders for a recent banking group's understanding) or fuller participation consulting... virtually anywhere in the world | more... Contact Us
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+ commentary aimed at both banks and vendors involved in major solutions selection, provision and implementation based on first-hand experience...
Before going to vendor and system selection, ensure business requirements are reviewed and rationalized as required, and up-to-date, fully documented and ready. It is best to involve all the key business users in workshops to draw out details of all business processes and to understand the related logical data models. Draw out and filter down the fundamental, real business requirements through analysis. Compile proper policy (with O&M / Audit involvement) and standards-based specifications. The outcome could include business process mapping to fully chart the workflows and dependencies.
Do not rush to selection and purchase and expect the vendor to do the business review and gap analysis efficiently for you and with you as part of the implementation project. Do not expect any pre-sales cycle gap analysis, nor a vendor's RFP responses, to define the scope of work precisely.
Do not accept consulting advice from the vendor as unbiased or indicative of 'best practice'. It should be no surprise that some of the consultants on the vendor-side (working for or aligned with the them) lack knowledge of alternative technologies, other options and approaches, and are bound or guided by business constraints that restrict their advice and recommendations to a vendor-specific-range.
Neither party should accept and contract "scope" that says "all business requirements will be delivered" without them being properly specified, understood and agreed at the detail level. Make sure all stakeholders agree with and buy into the project definition (particularly of Scope) and resource requirements (numbers, commitment, workload and time allocation). The Project management charter including issue management methodologies and responsibilities must be accepted and entirely understood before commencement.
For a project in Asia, place a high value on vendor experience in Asia - experience adapting to and pushing through the difficulties to deliver working outcomes counts even if they are not all "flagship" case study results that are absolutely on-time and within-budget.
Do not underestimate local differences, how "flexible" products and processes are, and local requirements generally (e.g. regulatory reporting).
Do not underestimate the language and understanding issues. International vendor teams have to comprehend the details of the client requirements often only fully understood and presented in the local language. Translation to English (client to vendor) and reverse translation of recommendations or outcomes after analysis and review (vendor to client) add considerable time and resource requirements to a project.
If you feel any of the above seem to be statements of the obvious, and not worthy of mention, then good for you. But all come out of real situations i.e. there have been actual examples where we have witnessed such things and our analysis, review and advice was taken as "news" to some key stakeholders in projects
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Top 15 Core Banking System Vendors | incorporating Top 5 and Top 10 CBS bank core software Vendors | updated as at 31 January 2012
Core Banking Software System Vendor iRanking | Top of the table ordered by market interaction & interest that is analyzed, interpeted & recorded |
Rank |
Vendor |
Nationality |
Historical iRanking Indications |
| |
|
|
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2005 |
2004 |
| current |
|
|
Jan |
Sep |
May |
Jan |
Sep |
May |
Jan |
Sep |
May |
Jan |
Sep |
May |
Jan |
Aug |
May |
Nov |
1 |
|
India |
1 |
3 |
3 |
3 |
3 |
3 |
2 |
3 |
3 |
2 |
1 |
4 |
4 |
3 |
4 |
4 |
2 |
|
USA |
2 |
2 |
4 |
4 |
4 |
4 |
4 |
4 |
5 |
4 |
4 |
1 |
3 |
8 |
6 |
6 |
3 |
|
USA |
3 |
1 |
1 |
1 |
2 |
1 |
3 |
2 |
1 |
3 |
3 |
3 |
2 |
2 |
2 |
2 |
4 |
|
Switzerland |
4 |
4 |
2 |
2 |
1 |
2 |
1 |
1 |
2 |
1 |
2 |
2 |
1 |
1 |
1 |
1 |
5 |
|
India |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
4 |
6 |
7 |
8 |
5 |
7 |
7 |
8 |
6 |
|
USA |
6 |
7 |
7 |
7 |
7 |
7 |
7 |
7 |
9 |
16 |
10 |
9 |
9 |
5 |
9 |
9 |
7 |
|
UK |
7 |
6 |
6 |
6 |
6 |
6 |
6 |
6 |
6 |
5 |
5 |
5 |
6 |
7 |
8 |
5 |
8 |
|
USA |
8 |
10 |
11 |
16 |
14 |
11 |
18 |
19 |
11 |
13 |
15 |
28 |
27 |
- |
- |
- |
9 |
|
USA |
9 |
9 |
8 |
8 |
8 |
8 |
8 |
8 |
8 |
9 |
12 |
11 |
11 |
13 |
5 |
7 |
10 |
|
Malaysia |
10 |
8 |
9 |
12 |
11 |
13 |
10 |
9 |
10 |
11 |
8 |
7 |
8 |
4 |
3 |
3 |
11 |
|
India |
11 |
15 |
16 |
20 |
16 |
22 |
17 |
15 |
14 |
10 |
16 |
19 |
16 |
10 |
13 |
16 |
12 |
|
Germany |
12 |
12 |
13 |
9 |
9 |
10 |
9 |
10 |
15 |
12 |
11 |
10 |
10 |
11 |
12 |
15 |
13 |
|
USA |
13 |
11 |
12 |
11 |
10 |
15 |
11 |
20 |
29 |
29 |
23 |
32 |
20 |
- |
- |
- |
14 |
|
USA |
14 |
14 |
10 |
10 |
13 |
12 |
19 |
16 |
19 |
17 |
43 |
- |
- |
- |
- |
- |
15 |
Harland Financial Solutions |
USA |
15 |
19 |
20 |
26 |
34 |
30 |
15 |
18 |
22 |
22 |
26 |
15 |
12 |
- |
- |
- |
16 |
ERI Bancaire Olympic |
Switzerland |
16 |
20 |
19 |
18 |
17 |
23 |
23 |
21 |
18 |
15 |
14 |
12 |
30 |
28 |
16 |
14 |
17 |
SAB |
France |
19 |
17 |
15 |
15 |
31 |
34 |
28 |
42 |
34 |
18 |
25 |
31 |
43 |
|
|
|
19 |
Nucleus Software |
India |
19 |
13 |
22 |
22 |
23 |
25 |
22 |
23 |
23 |
20 |
19 |
17 |
21 |
40 |
- |
- |
20 |
Callatay & Wouters |
Belgium |
20 |
21 |
21 |
13 |
18 |
26 |
32 |
24 |
32 |
21 |
28 |
29 |
22 |
35 |
14 |
17 |
>> for the rest of the ranked and unranked core banking systems vendors see Core Banking Vendors and Systems
>> to see our special focus predictive iR Top 10's click here
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