target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC MarketScape - Doc Document number: # US50463523
IDC MarketScape: North America Digital Core Banking Platforms 2024 Vendor Assessment
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Abstract
This IDC study represents the vendor assessment model called IDC MarketScape. This research is a quantitative and qualitative assessment of the characteristics that explain a vendor's success in the digital core banking system space and helps assess current and anticipated performance in the marketplace. This version of the IDC MarketScape focuses on vendors that have implemented digital core banking platforms in North America.
Regardless of the bank size, technological expertise, or line of business, this IDC MarketScape considers the technology providers that currently operate in the North American market and provide modern, digital core platforms to banks and credit unions to improve time to market, agility, and efficiency for this important platform.
"A bank's core system is at the heart of almost everything it does, from the vault that stores the customers' financial assets to the products and services that drive revenue and profitability for the institution," said Jerry Silva, program vice president at IDC Financial Insights. "For this reason, this IDC MarketScape is an important reference for any institution that is considering an update and/or replacement of their critical core banking infrastructure."