Trends Report

Global Banking Platform Deals 2011

The 2012 Survey Indicates Tighter Competition

April 18th, 2012
Jost Hoppermann, null
Jost Hoppermann
With contributors:
Mike Gilpin , Vivian Brown , Reedwan Iqbal

Summary

In early 2012, Forrester surveyed 25 vendors of globally deployed banking platforms on their 2011 deals. Survey results indicate a consolidating market: Counted deal volume for firms included in the 2009 and 2010 surveys decreased by about 7%. Deal volume with small Indian co-operative banks ran counter to this trend, showing growth. Six vendors — Infosys, Nucleus Software Exports, Polaris Financial Technology, SAP, Tata Consultancy Services, and Temenos — belong to a strong group of global banking platform vendors, pursued by more regional vendors, such as Callataÿ & Wouters, FIS, and Jack Henry & Associates, with in some cases very high deal numbers. The coming years will show whether the market will divide into two tiers or whether mergers and acquisitions (M&A) will counter this emerging divide. Solution portfolio risk is imminent, as future M&A activity will leave leading vendors with bigger portfolios than they need.

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