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Global Core Banking study for a European Professional Services company

Client Cases

The Client

Our client is a leading global professional services company, providing services & solutions in strategy, consulting, digital, technology & operations across industries. The client was keen to strengthen its understanding of Core Banking systems & is seeking a comparative analysis of trends across banking tiers & select geographies.

The IBSi Approach

The client mandated IBSi to perform a detailed Core Banking study across the US, UK & select EU countries – Germany, France, Italy, Spain & the Benelux. IBSi performed the following activities to provide insights on Core Banking in these geographies:

  • A market overview of the banking industry & IT spends in the BFS sector were provided to convey end-to-end coverage to the client on the evolution of banking
  • The key trends in each market for Core Banking technology were highlighted & compared across the focus regions
  • Preferences of banks in terms of cloud technology, delivery models & selective capability building across banking tiers were analysed
  • IBS SalesVision was leveraged to conduct an analysis of Core Banking System deals across these regions over five years
  • Use cases were formulated covering aspects of Core Banking modernisation, cloud adoption & system implementation methods
  • The strategic drivers in each market were reviewed with a focus on regional consumer preferences, growth of FinTechs & new age banks
  • Way forward implications for each region, spanning bank agility, cost management, challenger banks & Core Banking transformation

Outcome

  • The market assessment helped the client in getting a concise & holistic comparison of key trends, preferences & strategic drivers across the regions
  • The key trends provided insight to the client on the global leaders & laggards in Core Banking & FinTech adoption across the regions
  • The banking landscape & IT spend analysis enhanced the client’s understanding about the levels of financial accessibility & FinTech innovation in each region
  • The market overview expanded the client knowledgebase by covering critical areas such as emerging banking products, motivational factors for Core Banking modernisation & impact of Covid-19
  • The client gained in-depth knowledge regarding build Vs. buy & On-Premise Vs. Cloud preferences for banks in various segments & regions
  • Overall, through this study, the client was provided with an expansive knowledge repository of insights on Core Banking across the regions