Digital assets are growing quickly, with modern technologies and products spurring the demand for new investment services. Investors are looking at FinTechs with interest as they explore untapped opportunities, including crypto custody, tokenization, and cross-border payments, in the digital assets market. In fact, financial institutions, governments, and regulators have also started to experiment with digital assets and are developing crypto capabilities within their own products and services. However, financial services firms need able partners to help them strategize as they tap into this exploding market. This report explores the benefits of a hybrid platform and a co-creation model to address industry challenges as financial institutions adopt digital assets at speed and scale. Scope Industry:banking and financial services Geography: global Contents This report examines: The business case for digital assets in financial services Digital assets of potential Opportunities for financial institutions The business case for co-creating technology platforms for digital assets Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

Global banks are leveraging Temenos as a preferred platform for areas such as core banking, payments, and wealth management. The system integration market for Temenos is experiencing an uptick in demand, as banks are moving from legacy to platform-based models at an accelerated pace. Temenos and its partner ecosystem are also building cloud-native Software-as-a-Service (SaaS) architecture, along with other digital banking technologies such as microservices and blockchain. Temenos is helping banks in creating an End-to-End (E2E) digital banking solution that integrates capabilities around core, enterprise workflows, digital experiences, and risk & compliance workloads. It is leveraging latest technologies such as APIs, microservices, and open APIs to help banks of all sizes in their core transformation journey, wealth management, and payments. This increased demand for specialized Temenos services for core transformation and digital banking has helped providers register strong growth by acting as strategic partners, including helming consulting/advisory roles on investing in modern technologies. In this research, we provide detailed profiles of 12 IT service providers on their Temenos IT services that have been featured on Temenos IT Services PEAK Matrix® Assessment 2022. Scope Industry: banking Geography: global Our assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with Temenos IT service providers, client reference checks, and an ongoing analysis of Temenos IT services in the Banking and Financial Services (BFS) market Contents This report studies: Temenos IT services PEAK Matrix®Assessment 2022 An overview of 12 service provider’s Temenos IT services The competitive landscape of the Temenos IT services provider market Key enterprise sourcing considerations (strengths and limitations) for each of the 12 service providers evaluated Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

Increasing pressure on the margins, the loss of market share to neo-banks, constantly changing regulatory landscape, and the burden to deliver improved customer experiences are driving banking and financial services firms to modernize their internal legacy systems with third-party platforms. These platforms help reduce latency, drive product innovation, improve straight through processing, and meet surging demand levels. Notably, this massive surge in demand for a platform-centric operating model has contributed to significant growth for the Finastra product suite. A banking technology conglomerate, Finastra has successfully differentiated itself from other product vendors by delivering componentized solutions and open platforms that can be installed on-premise or on the cloud and offer microservices capabilities. It has emerged as one of the largest BFS-focused core platforms with a vast coverage of products across payments, treasury, risk and compliance, open banking, lending, and capital markets. Besides building a modern portfolio of products, Finastra has also built a developer portal that enables its partners to add new capabilities to existing Finastra systems, thereby making them easily customizable. IT service providers under the Finastra partner network are playing a significant role in helping enterprises embark on their Finastra-led digital transformation journeys. In fact, they are making enormous investments in building a talent pool of Finastra experts, creating IP/accelerators on the top of the Finastra products, and developing Finastra-specific Centers of Excellence (CoEs) to position themselves as strategic partners that deliver high business value. In this research, we provide detailed profiles of 15 service providers on their Finastra IT services. These service providers have been featured on our Finastra IT Services PEAK Matrix® Assessment 2022. Scope Industry: Banking and Financial Services (BFS) Geography:global Our assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with Finastra IT services providers, client reference checks, and an ongoing analysis of the Finastra IT services market. Contents This report studies: Finastra IT services PEAK Matrix® Assessment 2022 An overview of 15 service providers’ Finastra IT services The competitive landscape of the Finastra IT services provider market Key enterprise sourcing considerations (strengths and limitations) for each of the 15 Finastra IT service providers evaluated Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

Banking and Financial Services (BFS) firms are modernizing their technology and transforming their operations by infusing digital technology in response to the immense challenges they currently face – rising cost pressures, changing customer and market expectations, monolithic IT architectures, legacy systems, evolving regulatory frameworks, and accelerated competition from FinTechs and technology giants. BFS firms are adopting enterprise platforms that enable this transformation journey, as they acutely realize the need to become more efficient and flexible in operations, agile in product development, better at customer experience, and upright at meeting compliances. Financial services firms are making investments to modernize and integrate their platforms across core, enterprise workflow, digital experience, and risk and compliance to create a unified End-to-End (E2E) digital operating model. They are favoring buying technology components over building them, to achieve better time-to-market and manage the talent supply shortage. Adoption of the platform-based technologies requires deep product understanding and technical expertise, which the IT service providers bring in for the BFS firms, in addition to helping them create a structured approach towards platformification. The platform IT services in the BFS market are growing at a healthy rate and service providers are aggressively tapping into this demand trend by making signification investments to grow their partnerships and capabilities with leading BFS vertical and horizontal platform vendors. They are focusing on building proprietary IP/accelerators and consulting frameworks, talent development, improving market messaging through thought leadership, bolstering competence through acquisitions, and establishing dedicated CoEs and labs. In this research, we provide detailed profiles of 18 service providers on their platform IT services in BFS. These service providers have been featured on our Platform IT Services in BFS PEAK Matrix® Assessment 2022 Scope Industry: Banking and Financial Services (BFS) Geography: global Our assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with platform IT services providers, client reference checks, and an ongoing analysis of the platform IT services in BFS market. Contents This report studies: Platform IT services in BFS PEAK Matrix® Assessment 2022 An overview of 18 service providers’ capabilities in platform IT services for BFS Competitive landscape of the platform IT services in BFS provider market Key enterprise sourcing considerations (strengths and limitations) for each of the 18 service providers evaluated Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

Global banks are leveraging Temenos as a preferred platform for areas such as core banking, payments, and wealth management. The system integration market for Temenos is experiencing an uptick in demand as banks are moving from legacy to platform-based models at an accelerated pace. Temenos and its partner ecosystem are also building cloud-native Software-as-a-Service (SaaS) architecture, along with other digital banking technologies such as microservices and blockchain. Upgrading and modernizing the core has become a top priority for many banks, which are also working to create a unified End-to-End (E2E) system integrating their platforms across the core, enterprise workflows, digital experiences, and risk & compliance. This increased demand for specialized Temenos services for core transformation and digital banking has helped providers register strong growth by acting as strategic partners, including helming consulting/advisory roles on investing in modern technologies. In this Everest Group PEAK Matrix® report, we assess several providers on their Temenos IT services vision and capability and market impact and categorize them as Leaders, Major Contenders, and Aspirants. The research will help buyers select right-fit providers for their needs, while the providers will be able to benchmark themselves against each other. Scope: Industry: banking Geography: global Our assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with Temenos IT service providers, client reference checks, and an ongoing analysis of Temenos IT services in the Banking and Financial Services (BFS) market Contents: In this report, we: Classify Temenos IT service providers as Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework Examine the competitive landscape the Temenos IT service providers Study key enterprise sourcing considerations (strengths and limitations) for each of the service providers evaluated Membership(s) Banking Information Technology Sourcing and Vendor Management

Increasing margin pressures, the loss of market share to neo banks, a constantly changing regulatory landscape, and the burden to deliver improved customer experiences are driving banking and financial services firms to modernize their internal legacy systems with third-party platforms. These platforms help reduce latency, drive product innovation, improve straight through processing, and meet surging demand levels. Notably, this massive surge in demand for a platform-centric operating model has contributed to significant growth for the Finastra product suite. A banking technology conglomerate, Finastra has successfully differentiated itself from other product vendors by delivering componentized solutions and open platforms that can be installed on-premise or on the cloud and offer microservices capabilities. Besides building a modern portfolio of products across payments, lending, and treasury, Finastra has also built a developer portal that enables its partners to add new capabilities to existing Finastra systems, thereby making them easily customizable. IT service providers under the Finastra partner network are playing a significant role in helping enterprises embark on their Finastra-led digital transformation journeys. In fact, they are building a talent pool of domain experts and consultants to position themselves as strategic partners by delivering higher business value. In this report, we assess 15 service providers in terms of their Finastra IT services vision and capability and market impact and categorize them as Leaders, Major Contenders, and Aspirants. The research will help buyers select right-fit providers, while the providers will be able to benchmark themselves against each other. Scope: Industry: banking Geography: global Our assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with Finastra IT service providers, client reference checks, and an ongoing analysis of the Finastra IT services market Contents: In this report, we: Classify 15 IT providers of Finastra services as Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework Examine the Finastra IT service provider market’s competitive landscape Study key enterprise sourcing considerations (strengths and limitations) for each of the 15 service providers evaluated Membership(s) Banking Information Technology Sourcing and Vendor Management

Banking and Financial Services (BFS) firms are pivoting to a robust IT modernization and digital transformation approach in response to the immense challenges they currently face, such as rising cost pressures, changing customer and market expectations, monolithic architectures, legacy systems, evolving regulatory frameworks, and accelerated competition from FinTechs and technology giants. The COVID-19 pandemic has accelerated the need to modernize IT systems in the BFS industry as demand for digital services has increased significantly. Thus, firms are adopting enterprise platforms that enable this transformation journey, as they acutely realize the need to become more efficient and flexible in operations, agile in product development, better at customer experience, and upright at meeting compliances. Upgrading and modernizing the core has become a top priority for many banks, and they are also trying to create a unified End-to-End (E2E) systems integrating their platforms across the core, enterprise workflow, digital experience, and risk & compliance. Increasingly, banks are undertaking four broad approaches to achieve this platform-led transformation: implementing a new product/platform and sunsetting the legacy platform, modernizing the core by creating a wrapper around it, using cloud-native technologies to modernize the existing core system landscape, or re-platforming with minor upgrades. In this PEAK Matrix® report, we assess 18 service providers on their platform IT services in BFS, including their vision and capability and market impact, and categorize them as Leaders, Major Contenders, and Aspirants in the market. The research will help buyers select the right-fit service providers for their needs, while service providers will be able to benchmark themselves against each other. Scope: Industry: banking Geography: global Our assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with platform IT services providers, client reference checks, and an ongoing analysis of the platform IT services in BFS market Contents: In this report, we: Classify 18 platform IT services in BFS providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework Study the competitive landscape of the platform IT services in BFS provider market Examine key enterprise sourcing considerations (strengths and limitations) for each of the 18 service providers evaluated Membership(s) Banking Information Technology Sourcing and Vendor Management

Banking, Financial Services, and Insurance (BFSI) firms have been making bold commitments to sustainable investing for more than a decade now, but the announcements have increased dramatically in the last 24 months. Regulatory push, changing demographics, risk mitigation, and an emphasis on brand equity have driven BFSI firms’ focus on sustainability. Next-generation workforce is attracted to companies with strong sustainability policies, and clients too prefer banks with a strong Environmental, Social, and Governance (ESG) standing. In response, BFSI firms are taking a multi-scale approach to manage their sustainability aspects. They are focusing on their desired market positioning, product differentiation, a sustainable operating model, evolving partnership network, and optimal leverage of human capital to support sustainable initiatives. To support BFSI enterprises in their sustainability journeys, the ESG partner ecosystem is expanding at an exponential rate and bringing unique propositions to the market. In this research, we examine the sustainability trends, demand themes, and challenges in the BFSI industry. We also study sustainability-related opportunities for providers in the BFSI domain and supplier developments for IT service providers, consulting firms, data & analytics providers, and technology vendors. We study these providers’ growth potential, offerings, partnerships, case studies, and business strategies and lay down a framework that can help ESG providers optimally tap into this market. Scope Industry: BFSI Geography: global The research is based on Everest Group’s interactions with leading D&A providers in ESG, IT service & consulting providers, technology vendors, and an ongoing analysis of sustainability in the BFSI market Contents This report examines: The rise in BFSI firms’ sustainable finance commitments Factors driving increased focus toward sustainability in the BFSI industry Challenges that BFSI firms face in sustainability integration Emerging sustainability vendor landscape in the BFSI industry A deep dive into supply-side trends, opportunities, and offerings Everest Group’s outlook on the implications for ESG providers in the BFSI industry Membership(s) Banking Information Technology Insurance Information Technology Sourcing and Vendor Management

Banking, Financial Services, and Insurance (BFSI) firms are under increasing pressure to operate sustainably and be mindful of their economic, social, and environmental impact. Regulatory push, changing demographics, risk mitigation, and surge in brand equity have driven BFSI firms’ focus on sustainability, which has further been accelerated by COVID-19, emphasizing the importance of sustainable investments during uncertain times. In fact, sustainability has become a board-level agenda and is likely to drive the next-best action for every strategic decision-making – business, people, process, experience, operations, products, and channels. As BFSI firms work toward becoming future-ready, purpose-driven organizations, it will be vital to measure the impact of sustainable efforts, with focus on Environmental, Social, and Governance (ESG) metrics. To cater to the increasing need, the ESG provider ecosystem is expanding at an exponential rate, with ESG Data and Analytics (D&A) providers helping to bridge the data gap, the biggest roadblock to sustainability-led transformation. In this research, we examine the ESG D&A provider landscape by studying the offerings, data coverage, and technology maturity of 18 ESG D&A providers and highlight the potential of ecosystem partnerships for BFSI firms. The D&A providers include large firms that have historically provided financial research (market), small to mid-sized firms offering ESG-related data and services as their core offering (exclusives), and niche firms supporting one or more aspects of the ESG spectrum (specialists). Scope Industry: BFSI Geography: global The research is based on Everest Group’s interactions with leading D&A providers in ESG, RFI processes with the providers, and an ongoing analysis of sustainability in the BFSI market Content This report studies: Key drivers for BFSI firms’ increasing focus on sustainability The sustainability maturity continuum for BFSI firms Major challenges that BFSI firms face as they advance on their journeys to become purpose-driven organizations The ESG data, technology, and IT services vendor landscape for BFSI firms The offerings and capability maturity of 18 ESG D&A providers Everest Group’s outlook on trends shaping the ESG D&A provider landscape Membership(s) Banking Information Technology Sourcing and Vendor Management

Digital assets have come a long way from their nascent form as cryptocurrencies to a complete array of financial assets with increasing use cases. In fact, the year 2020 and Q1 2021 experienced a surge in retail and institutional investments in cryptocurrencies and related crypto assets in the wake of pandemic-fostered digitalization in Banking and Financial Services (BFS). Several participants are already active in the growing crypto market. IT service providers are developing in-house solutions to help financial institutions use Blockchain-as-a-Service (BaaS) for their digital asset needs. FinTechs are at the forefront of innovating products and services but operate in an unregulated environment, posing high risks for investors. Larger investments have increased the safety, security, and accountability requirements to invest in these assets. Thus, there is an urgent need for regulatory bodies globally to bring in practical frameworks and regulations for digital asset trade at the earliest. In this report, we analyze the rise of retail and institutional investments in digital assets, including cryptocurrencies, other crypto assets, and crypto technology. We examine different crypto financial service offerings and their impact on the BFS market. We also recommend a transformation plan for traditional banking systems through a hybrid banking model, which seamlessly integrates value-added processes and operational functions for both traditional and digital assets. Scope Industry: BFS Geography: global Contents This report explores: Increasing retail and institutional investments in digital assets – cryptocurrencies, other crypto assets, and crypto technology Different crypto financial service offerings and their impact on the BFS market; we also describe the regulatory, operational, and technological challenges that BFS firms face in scaling up their digital asset servicing capabilities A transformation plan for traditional banking systems through a hybrid banking model, which seamlessly integrates value-added processes for traditional and digital assets Membership(s) Banking Information Technology Sourcing and Vendor Management