Digital Core Banking as of 2024

Here are the most active Digital Core Banking vendors today

Over the last 10 years or so, there has been a long-term migration of banking core systems from monolithic platforms based on COBOL or other legacy languages created as much as 30–40 years ago to digital platforms that are based on modern programming languages, open application programming interfaces (APIs), and operating as collections of microservices that can run in a container environment, (and thus adding the ability to run in cloud environments as cloud native). These kinds of systems promise to open many business opportunities, overcome challenges with speed to market, and add resilience, scale, and security to legacy platforms.

This chart shows the capability and business strategy of 15 vendors with core banking platforms that align with the more open and cloud-native architectures that are the hallmarks of the next generation of core banking. This evaluation is based on a comprehensive framework and set of parameters expected to be conducive to success in providing organizations with insight into digital core banking platforms.

Author

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