Global Banking Platform Deals 2007: Vendors

Forrester surveyed 15 vendors of globally deployed banking platforms on their 2007 deals. Oracle Financial Services (Oracle FS) and TEMENOS remain the Global Power Sellers. But they are defending their territory against Global Challengers such as Infosys Technologies, SAP, and Tata Consultancy Services Financial Solutions (TCS FS), and some of these Global Challengers have increased their new "named deals" by more than 40% in 2007. Six companies in our Pursuers category attempted to become Global Challengers, but they faced individual challenges that held them back. The bottom line? Again, banking platform selection has become easier than it was in the past — and at the same time, it has become more difficult, as the shifting vendor landscape makes vendor scrutiny essential.