Abstract
This Financial Insights report tracks the number of new core
banking deals for 2008 in EMEA, and provides insight into
this core banking environment.
The EMEA marketplace for traditional core banking
systems is changing. The previous trend for more packaged and
complete banking systems and capabilities appropriate for tier 1 and
tier 4 institutions has reversed in favor of a more
modular and component-based replacement cycle. The risks of traditional rip
and replace have been well documented in too many organizations,
decreasing the appetite for this style of project.
"Going forward, there
will be an increasing emphasis on a managed portfolio of
capabilities under a proven service-oriented architecture (SOA) or similar framework.
To this end, there is a shift toward improving the
front end and the integration ' at the glass' over retooling
the back end in one large project," said Trevor LaFleche,
senior research analyst, Financial Insights, EMEA.
"From a delivery point of
view, software as a service (SaaS) is likely to be
the most fundamental change in the Western European market, as
these hosted solutions will grow in maturity across the region,
from greenfield operation requirements to multiuser agreements," said Rachel Hunt,
EMEA research director, Banking.
Table of Contents
- Financial Insights Opinion
- In This Report
- Situation Overview
- What is Core Banking?
- Core Banking Deal Selection Methodology
- Vendor Deals 2008
- Accenture
- Plans for 2009 and Beyond
- Callataÿ & Wouters
- Plans for 2009 and Beyond
- Fidelity National Information Services
- Plans for 2009 and Beyond
- Misys
- Plans for 2009 and Beyond
- Neptune Software
- Plans for 2009 and Beyond
- Polaris Software
- Plans for 2009 and Beyond
- SAP
- Plans for 2009 and Beyond
- Sungard
- Plans for 2009 and Beyond
- Temenos
- Plans for 2009 and Beyond
- Future Outlook
- Total Core Banking Deals in 2008
- Predictions for Core Banking Deals in EMEA
- Prediction Number 1: Increased Polarization of Vendor Size by End of 2009
- Prediction Number 2: 2010 Will See the Maturation of Core Banking Transformation Deals
- Prediction Number 3: 2009 Growth Driven by Middle East
- Prediction Number 4: At Least Another Two Core Banking Vendors Will Be Acquired by 2010
- Prediction Number 5: SaaS Becomes Pervasive for Core System Deployments by 2010
- Essential Guidance
- Actions for Financial Institutions
- Actions for Vendors
- Learn More
- Related Research
- Synopsis
- Table: Callataÿ & Wouters Core Banking Deals, 1Q08–4Q08
- Table: Fidelity Core Banking Deals, 1Q08–4Q08
- Table: Misys Core Banking Deals, 1Q08–4Q08
- Table: Neptune Core Banking Deals, 1Q08–4Q08
- Table: Polaris Core Banking Deals, 1Q08–4Q08
- Table: SAP Core Banking Deals, 1Q08–4Q08
- Table: Temenos Core Banking Deals, 1Q08–4Q08
- Figure: New Core Banking Deals by Vendor, 2008
- Figure: New Core Banking Deals by Asset Size (Tier), 2008
- Figure: New Core Banking Deals by Region, 2008
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