Asia/Pacific Digital Core Banking Platforms 2024 Vendor Assessment

This document is an IDC MarketScape excerpt that evaluates the capabilities and business strategies of 15 vendors offering digital core banking platforms in the Asia/Pacific region. It outlines the transition from traditional monolithic banking systems to modern, cloud-native architectures that utilize microservices and APIs. The assessment criteria focus on vendors that provide solutions developed specifically for cloud environments, emphasizing their ability to support essential banking functions such as deposits and lending. Key findings indicate that vendors cater to various banking institutions based on size and market demands, and many new providers are designed to support digital banks and modular banking services. The document serves as a resource for financial institutions looking to modernize their core banking platforms or establish new financial services. It includes vendor inclusion criteria, advice for technology buyers, and a summary profile of Temenos, a leading vendor in this space.