EMEA Digital Core Banking Platforms 2024 Vendor Assessment

This document is an IDC MarketScape excerpt that assesses digital core banking platforms in the Europe, Middle East, and Africa (EMEA) region for the year 2024. It includes a detailed evaluation of various vendors, focusing on their capabilities and strategies in providing digital-native core banking solutions. The excerpt outlines the significant shift from traditional monolithic banking systems to modern, cloud-native platforms that utilize microservices and open APIs. Key findings indicate that the choice of a digital core platform vendor depends on the bank's size, market demands, and technological capabilities. The document also specifies the inclusion criteria for vendors, emphasizing the necessity for a digital-native solution that meets specific banking product requirements. Additionally, it provides guidance for technology buyers on evaluating vendors based on organizational fit, geographic coverage, business models, and compliance with European regulatory requirements. The excerpt serves as a resource for financial institutions looking to modernize their core banking systems.