+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

NextGen Core Banking: The Future of Banking Q2 2023

  • Report

  • 45 Pages
  • July 2023
  • Region: Global
  • IBS Intelligence
  • ID: 5849304

The report explores the historical transition from paper-based procedures to current digital systems, highlighting the challenges posed by legacy systems and their limitations in today’s rapidly advancing technological era. It underscores the significance of NextGen core banking platforms, outlining their modern, scalable, and open architectures. The study also presents a section on Cloud-Native Core Banking, emphasizing its importance in financial institutions’ technological transformation plans, detailing various deployment models, cost considerations, and addressing security and regulatory compliance. Lastly, the report has use cases, vendor profiles, crucial data insights and way forward strategies that help establish how NextGen Core Banking offers an efficient way for banks to position themselves for success in a competitive and rapidly changing market. The research is crucial for financial institutions seeking to leverage technological advancements for efficiency, improved customer experience, and competitive edge.

Report Highlights

  • In-depth coverage of 10 global NextGen Core Banking technology vendor profiles, including company history, product suite, user lists, customer experiences, way forward strategy and more.
  • Deep dive into the global evolution of Core Banking technology landscape to Next Gen, Limitations of the legacy systems and cloud native core banking.
  • Deep dive into key strategies and imperatives, discussing critical factors to consider in implementing core banking on the cloud.
  • NextGen Core Banking technology use cases, independently authored and curated by the publisher’s analyst team.

Why Subscribe?

  • Global coverage of 7+ countries
  • Authored by the publisher's research team, consisting of subject-matter-experts across core banking verticals
  • Quarterly dynamic report updates to bring you first-hand information in a timely manner
  • Complimentary 1-hour of the publisher's analyst time bundled with each subscription

Who Finds This Report Useful?

  • Financial Institutions - CIOs, CTOs, IT, and digital transformation teams rely on our research to make the right technology selection and investment decisions
  • Financial Technology companies - Founders, CXOs, product and strategy teams, use our research to stay competitively intelligent, keeping a close track of peer activity and trends globally
  • Consulting firms - Research leaders and client consulting teams find this report useful to gain insights, spot opportunities, and provide clients with fact-based metrics.
  • Institutional investors - Investment teams find this report useful whilst conducting thorough business and financial due diligence prior to making investment decisions

Table of Contents

The Evolution of Core Banking: Changing Expectations

Cloud-Native Core Banking | Key Strategies and Imperatives

Key Features for NextGen Core Banking

Benefits of a NextGen Core Banking Platform

  • Use Case 1: Oradian and FairMoney MicroFinance Bank
  • Use Case 2: Tuum and LHV Bank (UK)

New Age Core Banking Vendors

  • 10x Banking
  • Finxact
  • Five Degrees
  • Mambu
  • Oradian
  • SaaScada
  • Silverlake Axis
  • Skaleet
  • Thought Machine
  • Tuum

Way Forward

Companies Mentioned

  • 10x Banking
  • Finxact
  • Five Degrees
  • Mambu
  • Oradian
  • SaaScada
  • Silverlake Axis
  • Skaleet
  • Thought Machine
  • Tuum