Global Banking Platform Deals 2007: Regions And Functionality

Forrester surveyed 15 vendors of globally deployed banking platforms on their 2007 deals. What is the outcome of the regional and functional analysis? Asia Pacific has overtaken Europe in the global banking platform race, with the Middle East, North America, and South America seeing a better-than-average increase in new named deals. Customer data management/party centricity has pushed core banking from the functional throne — albeit only with a very minor gap between the two. Risk management follows as number three, with a somewhat larger gap separating it from the leading pair. Overall, the functional footprint broadened globally, and enterprise architects will identify suitable combinations of regional functional requirements and vendor solutions more easily now than in the past. However, the different regional focus areas of the functionality sold globally in 2007 indicates that close scrutiny of banking platform functionality will remain mandatory for some time.