IBS Journal April 2018


39


CONCLUSION


It is evident that 2017 has been an active year for the banking technology sector. A flurry of deal activity across the spectrum of systems was observed, indicating the broad based approach banks and financial institutions have been taking to beef up their entire technology infrastructure. The investment priorities seem to have shifted as the conventional back office banking deals were stagnant in 2017, instead newer areas like digital banking channels and


compliance systems enjoyed its place in the sun with total deals rising by ~20% in 2017 (176, against 147 in 2016). In fact, this year’s IBSI SLT has seen a high degree of participation from suppliers across both the conventional and new categories, moving up from 44 in IBSI SLT 2017 to 51 in 2018, notwithstanding a few non-participations.


A much deeper review with insightful analysis is also being made available in the IBSI Market Dynamics Report 2018, due to be published shortly.


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