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This Ovum Decision Matrix provides an overview of the European core banking market, and is intended to assist banks in the vendor-shortlisting process by evaluating the leading vendors, their platforms, and their positioning.


  • The European core banking market is a competitive one. For globally significant core banking software vendors, being based in Europe helps create a large market presence in Europe.
  • The retail banking functionality of all the platforms is relatively mature for most of the leading vendors. However, a key differentiator is a vendors' experience in implementing and delivering its products in different European markets.
  • The execution capabilities of the core banking software vendors are impacted by their presence in the European market, their expertise, and their experience.

Features and Benefits

  • Assesses the current core banking market in Europe and the direction of future development.
  • Evaluates the key players in the European core banking market, their platforms, and their positioning.

Key questions answered

  • Who are the market leaders in the European core banking market?
  • What features differentiate the players in the European core banking market today?

Table of contents


  • Catalyst
  • Ovum view
  • Key findings

Market context

  • Increased customer expectations are driving the need to modernize core systems
  • The shift toward enterprise-level componentization allows banks to modernize progressively
  • Smaller banks benefit from advances in process models and move toward SaaS deployment
  • Execution capabilities differentiate leading vendors' banking product offerings

Vendor solution selection

  • Inclusion criteria

Overall assessment

  • Methodology
  • Ovum ratings

Primary assessment criteria

  • Evaluation categories

Vendor analysis

  • Avaloq
  • ERI Bancaire
  • FIS
  • Fiserv
  • Infosys/EdgeVerve
  • Intellect Design Arena
  • Misys
  • Oracle
  • SAB
  • SAP
  • Sopra Banking Software
  • Tata Consultancy Services
  • Temenos


  • Further reading
  • Author

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