IBS Journal April 2018 EDITOR’S NOTE THE SALES LEAGUE TABLE 2018 IS FINALLY REVEALED
FROM AMSTERDAM TO LONDON, ROME TO DUBAI THE IBS JOURNAL TEAM HAS BEEN TRAVELLING TO BRING YOU THE LATEST TRENDS FROM THE FINTECH CIRCUIT
05
Bill Boyle Senior Editor
billb@ibsintelligence.com
W
elcome to the issue of the Journal where we unveil the Sales League Table (SLT) for 2018. As you already know, the SLT is the definitive banking industry list of
which vendors have sold the largest number of their core systems.
The SLT also provides a hugely informative guide to the specialist banking software that is available on an international basis. It tells the industry accurately what has actually been bought by banks and financial institutions right now. The SLT provides a vital tool to those in banks that have responsibility for selecting vendors for RFIs, and is likely also to influence vendor selection across many other banking industry sectors.
The SLT is the result of extensive original global research which is carried out by the IBS Intelligence and Cedar Management Consulting teams. So which vendors have forged ahead and who is heading the table? Are there any surprises this year and which way is the industry facing? You will find out starting page 23.
We have been out and about quite extensively during the past month and in this issue we have reports from Finovate Europe; MoneyLIVE Summit; Objectway and Finovate ME.
Know your customer (KYC) is becoming more of a priority to organisations, according to what was being said at Finovate Europe. Either they have been forced to start being more stringent on KYC because they are facing a problem with slow on-boarding of customers, or they have just realised that the lack of good KYC is stalling all the rest of their innovative strategies. It is interesting to see the progression of technologies such as facial recognition and what companies such as iProov are
achieving? And as every good technology does it is spawning even more anagrams, turn to page 16 to find out more.
At MoneyLIVE Summit three of the most discussed topics were the shine of the new banks, the fading lustre of the old guard and the reach of digital APIs. The opportunities which PSD2, Open Banking and the much-misunderstood GDPR are presenting are being aggressively mined by some organisations while others seem to be either paralysed or in organisational purda. For more details please find our report on page 17.
In Rome, at the Objectway forum, there was much classical allusion on display and much deep thinking. But then that is to be expected in the land of so many Gods and legends. One organisation declared that we face either digital destruction or a digital renaissance. The Objectway event also discussed the concept of ‘connected’ core banking – what sounds initially like a veritable hedgehog of a core banking system with thousands of APIs standing out like a forest of prickles. Judge for yourself whether that is over the top or not on pages 18 to 19.
Meanwhile in Dubai at the Finovate ME event, controversy was offered up in the opening remarks of Fintech Galaxy’s Mirna Sliemen when she declared that the audience had better learn some new tricks from the fintechs soon since she knew that at least half of them would be out of a job in the next couple years.
The muted cheer from some in the audience was a wry comment on how tough life is now in a legacy bank. At all the events we have attended this month fintechs are partnering with older legacy FIs. The question of which ends up on top is still not clear.
www.ibsintelligence.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
