State of the Market for Third-Party Enterprise Platforms in Banking and Financial Services: Ecosystem Collaboration for Modernization at Speed and Scale

15 Apr 2020
by Ronak Doshi, Aaditya Jain, Divyam Jain, Kriti Gupta, Pranati Dave, Sumel Kamal

The banking and financial services industry is burdened by obsolete legacy systems, talent shortage, and rapidly changing global and regional regulations. To deal with these challenges, enterprises are adopting third-party enterprise platforms.

In particular, third-party platform vendors are championing ecosystem-led innovation by building solutions that can be easily integrated with existing systems, as well as third-party products and services from market disruptors such as FinTech start-ups and data vendors.

In this research, we analyze third-party platform vendors and the service provider landscape across various lines of business.

 

Scope

We have analyzed BFS enterprise platforms and service providers across cloud-based core banking systems, digital experience platforms, anti-money laundering and financial crime solutions, loan origination systems, payment platforms, trade finance platforms, and collateral management systems.

 

Contents

In this report, we study the following topics:

  • Third-party platforms landscape
  • Spend on enterprise platforms in BFS
  • BFS enterprise platform IT outsourcing services market
  • Key demand and supply themes for BFS enterprise platforms
  • Case studies and key market disruptors
  • Leading third-party enterprise platform vendors across various lines of business and the overall system integration landscape

Membership(s)

Banking & Financial Services (BFS) - IT Services (ITS)

 

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