Finastra named a Leader in IDC MarketScapes for Worldwide Integrated Bank Payment Systems and Digital Core Banking Platforms in EMEA and APAC
London, UK – November 1, 2024 – Finastra, a global provider of financial services software applications, has been named a Leader in the IDC MarketScape: Worldwide Integrated Bank Payment Systems 2024 Vendor Assessment. It has also been named a Leader in the EMEA and Asia Pacific IDC MarketScapes for Digital Core Banking Platforms.
Payments
Barry Rodrigues, EVP for Payments at Finastra said, “We are so excited to be positioned in the Leader Category in the IDC MarketScape for Integrated Bank Payment Systems. We believe this recognition reflects our commitment to helping our customers gain peace of mind while modernizing their payments infrastructure, enabling a growing range of new payment rails. We strive to deliver open and agile solutions which contribute to better and inclusive payments services with our Open Finance approach and to be named a Leader under this vision is marvelous.”
According to Aaron Press, Research Director, Worldwide Payment Strategies at IDC Financial Insights, "Rapid changes in the payments landscape are driving banks to modernize their infrastructure to handle a growing range of payment methods and channels. Choosing the right platform means understanding not only the technical capabilities of the system but also its overall fit for an institution.”
Universal banking
Siobhan Byron, EVP for Universal Banking at Finastra said, “What an honor to be named as a Leader by the IDC MarketScape across both APAC and EMEA. We believe it is testament to the power of our Essence core banking platform’s capabilities for banks and other financial institutions all over the world. As part of our business strategy to help our customers reimagine banking with innovative products, we strive to deliver best-in-class services, increasingly with our partner ecosystem alongside us - and we believe this recognition reaffirms that our cloud and API-first driven approach to transformation and driving change with our Open Finance vision is the right way to go.”
The recognitions come after extensive interviews and research from the independent analyst firm. Links to the September 2024 reports are below:
- IDC MarketScape: Worldwide Integrated Bank Payment Systems 2024 Vendor Assessment (doc # US50426423, September 2024)
- IDC MarketScape: APAC Digital Core Banking Platforms 2024 Vendor Assessment (doc #AP50463723, September 2024)
- IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment (doc #EUR150463623, September 2024)
For further information please contact:
Caroline Duff
Global PR Director
T: +44 (0)7917 613586
E: caroline.duff@finastra.com
Finastra.com
About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of open finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.