IBS Journal April 2017


41


As mentioned before, 2016 has been a busy year for those in the banking technology sector. At least a quarter of the deals were signed before Q2, indicating that it wasn’t just the sales team, but also the implementation personnel across banks and suppliers who were busy for much of the year. Against a backdrop of $18 billion being invested in FinTech startups last year, the fact that conventional back office banking deals rose by 32% in 2016 (362, against 274 in 2015) should come as a big shot in the arm for conventional system suppliers. In fact, this year’s IBS SLT has seen a high degree of participation from suppliers across both the conventional and new categories, moving up from 39 in IBS SLT 2016 to 46 in 2017, notwithstanding a few non-participations.


A much deeper review with insightful analysis is also being made available in the IBS Market Dynamics Report 2017, due to be published shortly.


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