skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration


The need for corporate banks to replace their ageing core payment processing systems has finally become too great to ignore – and the bigger the bank, the bigger the need, according to data from Ovum.


  • Ovum’s 2017 ICT Enterprise Insight study shows that 92% of corporate banks with revenue greater than $20bn will need to replace or renew their platforms within three years, with 21% doing so in the current year.

Features and Benefits

  • The report examines the relationship between ageing system architectures and the urgency of the need for replacement.
  • Learn why some banks see an opportunity to repair their relationship with corporate customers.

Key questions answered

  • Why are corporate banks being affected by regulations aimed at retail banking?
  • What further challenges and opportunities will open banking bring to the corporate world?

Table of contents


  • Catalyst
  • Ovum view
  • Key messages

Payment systems need urgent upgrades

  • Significant renewal work planned at major banks
  • Ageing systems can no longer be shored up

New infrastructures are an opportunity for banks

  • Real-time payments are the basis of service transformation
  • Open banking will drive further improvements

The building blocks of banking are changing

  • The evolution of existing networks or a blockchain revolution?


  • Further reading
  • Author

Recommended Articles

  • Service Provider Markets, Consumer & Entertainment Services,...

    MWC 2018 Highlights

    By Ronan De Renesse 27 Feb 2018

    Over 20 of our senior Ovum analysts and consultants attended this year’s Mobile World Congress in Barcelona at the end of February. In between meetings, briefings and presentations, our analyst team were blogging and tweeting about key developments, trends and rumors. Have a look through our daily MWC 2018 Highlights to find out what happened.

    Topics 5G AI IoT Cloud Payments SDN/NFV Smart home

  • Internet of Things

    IoT Viewpoints 2018

    IoT Viewpoints explore the IoT opportunity in 2018 and beyond. Download our latest e-book to get our newest collection of thought leadership articles on the emerging IoT trends, technologies and opportunities.

    Topics IoT

  • Consumer & Entertainment Services

    US pay TV: Is it facing an existential threat?

    By Adam Thomas 28 Mar 2018

    With US pay TV having endured the worst year in its history, thoughts have inevitably turned to the future. The likelihood remains that the immediate future will remain highly uncomfortable for everyone except the scaled multinational digital platforms.


Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700

Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

Email us at

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Call us at +44 788 597 5160 or email us at

Contact marketing -

Already an Ovum client? Login to the Knowledge Center now