Wave Report

The Forrester Wave™: Global Banking Platforms, Q4 2010

Tata Consultancy Services, Infosys Technologies, And Temenos Lead, With SAP, Oracle, FIS, and Polaris Software Lab Pursuing Fast

December 17th, 2010
Jost Hoppermann, null
Jost Hoppermann
With contributors:
Mike Gilpin , Sander Rose , Ken Vollmer

Summary

Forrester evaluated world-leading banking platform products across 80 criteria and found that Infosys Technologies, Tata Consultancy Services (TCS), and Temenos are in the Leader category. Infosys Finacle scores highly on multichannel enablement, platform agility, and implementation support; TCS BaNCS received high scores for banking platform functionality, deployment and operations, and both product and corporate strategy; and Temenos' banking platform benefits from balanced overall performance with high scores in topics such as regulation. FIS's, Oracle's, Polaris', and SAP's banking platforms are all Strong Performers with balanced approaches and high individual scores. Although this evaluation identifies the outstanding providers in this field, all the products that Forrester evaluated offer value to firms in the banking industry. Each product has its individual strengths that will be of particular use depending on the environment and situation.

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