Summary
Forrester surveyed 14 vendors of globally deployed banking platforms on their 2006 deals. What is the outcome of the regional and functional analysis? Europe and Asia Pacific are the most active regions in the global banking platform game, while South America brings up the rear, taking just 1% of global deals. In terms of functionality, core banking is still one of the key drivers for banking platform renewal, followed by party centricity, the branch, risk management, and multichannel enablement. Overall, finding a banking platform with a good functional fit for a given region of the world has become easier than in the past, but challenges definitely remain.
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