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Introduction

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

Highlights

  • Digital channels are key areas of investment for many banks: according to Ovum's 2016/17 ICT Enterprise Insights survey, 62.3% and 61.0% of respondent banks plan to increase their mobile and online banking spending, respectively.
  • The digital channel platform market has been shifting from channel-specific solutions toward single platforms.
  • The core digital business functionality of most front-end banking channel platforms is well developed, with many vendors having been on the market with their solutions, or versions of them, for some years. Over the last five years, however, many solutions have been reengineered.

Features and Benefits

  • Evaluates the key players in the digital banking channel platform market, their platforms, and their positioning.
  • Analyzes the digital banking channel platform market and its trends.

Key questions answered

  • Who are the market leaders in the digital banking channel (digital banking) platform market?
  • What features differentiate the players in the digital banking channel (digital banking) platform market today?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key findings

Market context

  • The growing importance of digital channels has made them a central investment area for banks
  • The digital channel platform market has been shifting from channel-specific solutions toward single platforms
  • Digital banking platforms will increasingly help banks connect with fintechs

Vendor solution selection

  • Inclusion criteria

Overall assessment

  • Methodology
  • Ovum ratings

Primary assessment criteria

  • Evaluation categories

Vendor analysis

  • Backbase
  • Corillian
  • CR2
  • EdgeVerve Systems (Infosys Finacle)
  • Intellect Design Arena
  • Misys
  • Oracle
  • SAP
  • Sopra Banking Software
  • Temenos

Appendix

  • Further reading
  • Author

Recommended Articles

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