Why Read This
Forrester surveyed 17 vendors of globally deployed banking platforms on their 2008 deals. Overall, looking at participants of both the 2007 and 2008 survey, counted deals shrunk by 10% from 2007 to 2008. Only two vendors of those participating in the 2007 and 2008 global banking platform deals surveys increased their counted deals: Open Solutions and SunGard. The bottom line? Many banking platform vendors lost traction as far as new deals are concerned. While more-flexible solutions and more-global functionality make platform selection easier than in the past, Forrester expects more vendor consolidation in the future, which means that enterprise architects in banks need to scrutinize vendors more closely.