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For Application Development & Delivery Professionals

Customer-Facing Solutions Are Driving Banking Platform Deals

Results From The Global Banking Platform Deals Survey 2013

June 16, 2014

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  • By Jost Hoppermann
  • with Holger Kisker, Ph.D.,
  • Dominique Whittaker,
  • Nasry Angel

Why Read This Report

Changing dynamics in the banking platform market have created new obstacles and opportunities for banks that need a new platform to better serve their customers. Forrester surveyed 29 vendors of globally deployed banking platforms about their 2013 deals. The results point to a growing need for vendors to enhance existing client relationships, which banks should capitalize on during any selection process. At the same time, continued mergers and acquisitions as well as enhancements and modernizations of vendors' banking platform portfolios are contributing to market change. Most importantly, the year 2013 saw banks making decisions focusing more on customer-facing functionality such as customer data management and channel solutions and less on transactional capabilities such as core banking.

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Table of Contents

  • New Banking Platforms Help Banks Serve Customers Better
  • Some Vendors Lost Traction, While Others Accelerated
  • Good Customer Relationships Drove Individual Vendor Success
  • Customer-Facing Functionality Drove Market Growth

  • Changing Market Dynamics Put A Focus On Customer-Facing Capabilities
  • Supplemental Material
  • Related Research Documents

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