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.
- Stay ahead of changing market and customer dynamics with the latest insights.
- Partner with expert analysts to make progress on your top initiatives.
- Get answers from trusted research using Izola, Forrester's genAI tool.