Top Core Banking Software Companies

A major primary driver of the global core banking software market is the rapid digital transformation sweeping across the banking and financial services sector. Customers expect immediate payments and tailored financial advice at their convenience across all channels. Therefore, banks must move beyond outdated and disjointed legacy platforms and create a streamlined way of delivering products and services to their clients through their core banking solutions. As banks look to become more operationally agile, quicker in processing transactions, increase the amount of automation and perform data-driven decision-making, they will be driving substantial investments into modern core banking solutions with real-time transaction processing, integrated service delivery, enhanced client experiences and scalable architecture that facilitates rapid growth in the Industry.

Industry Overview

According to SkyQuest Technology “Global Core Banking Software Market” By Component (Solution, Service), By Deployment (Cloud, On-Premises), By End Use, By Region - Industry Forecast 2026-2033,” Global core banking software market is projected to grow at a CAGR of over 9.2% by 2033, on account of urgent need for automating quantified data. A key factor shaping the Global Core Banking Software Market is the tightening regulatory landscape and rising compliance obligations worldwide. Governments and financial authorities now demand greater transparency, stricter fraud prevention, enhanced cybersecurity, and accurate reporting standards.

Top 10 Global Core Banking Software Companies

1. Temenos AG

Temenos AG is a global leader in core banking and financial software solutions, empowering banks and financial institutions to modernize operations, enhance customer experience, and drive digital transformation. Founded in 1993 and headquartered in Geneva, Switzerland, the company serves clients in over 150 countries, including tier-1 global banks, regional banks, and digital challengers. Its portfolio spans core banking, payments, wealth management, fund administration, and cloud-based platforms. Temenos is leading the way into the future of digital banking by making substantial investments in the use of cloud computing and artificial intelligence technologies to provide banks with a flexible, efficient and scalable platform to meet the demands of an increasingly complex financial sector.

2. Mambu GmbH

Mambu is one of the largest companies in the world offering a cloud core banking system for financial institutions to quickly develop and deploy digital bank solutions. Founded in 2011 and based in Amsterdam, Mambu has been at the forefront of developing an open banking model allowing for increased flexibility through an application programming interface (API) and removing the need to rely on a traditional mainframe-based system. Mambu provides services to over 65 of the world's best banks, including support for traditional banking, small-medium enterprise lending & deposits, digital lending, and payments. It is Mambu's goal to provide banks with flexibility to bring new digital banking products to market faster.

3. Finastra International Ltd

Finastra International is one of the largest and most prominent providers of financial software products around the world, supplying institutions including banks with innovative products to support the functioning of their core banking operations; creating, managing and processing payments, providing systems for credit, treasury and capital markets, and generating financial data. Finastra was created by the merger of Misys and D+H in 2017 and is headquartered out of London, England, with offices across all major markets globally. Thousands of financial institutions serve their clients with Finastra's technology, including many of the largest banks in North America, Europe, Asia and Australia. Finastra is committed to working with banks to create innovative solutions for open banking, therefore allowing banks and their customers to collaborate, innovate and connect with each other.

4. Oracle

Oracle is a world-leading technology provider with core banking and financial services solutions through the oracle flexcube and oracle banking platforms, founded in 1977 and headquartered in Austin, Texas. Oracle supports banks around the world with modernizing their legacy infrastructure, speeding up digital transformation, and supporting secure real-time banking experiences. The range of products and services from oracle includes retail banking, corporate banking, lending, payments, risk management, and data analytics. With its strong expertise in cloud, artificial intelligence (ai), and data driven innovation, oracle continues to be a leader in the development of the core banking software industry worldwide.

5. Infosys Finacle

Founded in 1999 and headquartered in Bengaluru, India, Infosys Finacle (part of EdgeVerve Systems, an Infosys company) is a global leader in delivering solutions for core banking and digital banking to support Financial Institutions' transformation, enabling them to modernize their operations and provide a superior level of customer interactions. Finacle's solutions are used to empower banks throughout the world in over 100 countries and will enable financial institutions to undergo digital transformation through a scalable, resilient, and cloud-based platform. The finacle product suite includes solutions for core banking, digital engagement, payments, lending, treasury operations, and blockchain.

6. FIS

Fidelity National Information Services (FIS) is a global leader in financial technology solutions, providing advanced core banking, payments, and digital banking platforms to banks and financial institutions worldwide. Since its inception in 1968, it has provided support for all sizes of businesses by providing innovative technology that allows them to create more efficient and secure business processes while being able to serve a larger number of customers using innovative technology. At its core, FIS provides capabilities in retail and commercial banking, lending, risk management, wealth management, and real-time payments. By innovation in technology that support, digital transformation, automation, and open banking ecosystem, fis remains at the forefront of the global core banking software industry.

7. Fiserv, Inc.

Fiserv, Inc. is a top global source for financial technology solutions providing cutting-edge core banking, digital banking, payments, and services platforms to banks, credit unions, and fintech companies around the world. Established in 1984 and headquartered in Brookfield, WI, Fiserv offers financial institutions of every size the ability to operate through secure, efficient, and customer-centric systems. Its broad range of services includes core account processing (CAP); card services; lending; fraud management; and real-time payment services. In addition to evolving technology offerings through innovations in cloud technology, data analytics and digital transformation, fiserv is shaping the future of global core banking Software.

8. Backbase BV

Backbase BV is a leading digital banking platform provider focused on transforming how banks deliver customer experiences across retail, SME, and corporate banking. Backbase, established in 2003, is an Amsterdam-based provider of an engagement banking platform that allows Financial Institutions to modernize their Onboarding processes, personalize customer journeys and unify channels. Backbase offers services for banks and Fintechs worldwide and offers solutions for transforming outdated legacy front-end systems into agile, customer-centric digital architectures. Through creating more efficient operations, faster product innovation, and improved digital interactions, backbase is helping accelerate the world's transition to experience driven banking.

9. nCino, Inc.

nCino, Inc. was founded in 2011 and is headquartered in Wilmington, North Carolina. nCino uses a Salesforce-based platform to provide a user-friendly, secure, and automated method of conducting commercial business, consumer, and small business banking-related transactions. Over the years, nCino is continuously expanding its product capabilities to align with the needs of the financial industry's digital transformation and to support consumer engagement in ways that are more effective than traditional banking practices. As a leader in the global core banking software market, nCino has the potential to provide customers with greater efficiency and transparency while enhancing decision-making ability.

10. SAP SE

SAP SE is a multinational enterprise software giant that provides innovative financial service/banking solutions to help businesses run more efficiently and effectively and move forward with their digital transformation journey. As an SAP customer you will gain the benefits of our 40 plus years of financial and banking industry experience in the development of unique data warehouse and advanced analytics/data science solutions to support banks, credit unions and financial services companies globally in their financial services operations through integrated core banking, solutions with an enterprise solution ecosystem. The cloud-enabled data-driven technology developed by SAP enables institutes to process transactions, enhance automation, and provide a more customer-centric experience.

Other Leading Global Core Banking Software Companies

• Intellect Design Arena Ltd
• 10x Banking Technology
• SDK.finance
• Banqsoft
• Azentio Software
• Sopra Banking Software
• HCL Technologies
• IBM Corporation
• Nucleus Software Exports Ltd
• COBIS

Conclusion

The core banking software market globally will expand rapidly due to banks focusing on transforming their businesses digitally, meeting regulations, and engaging customers better. To meet the growing demand for real time processing, automation, better data security and smooth omnichannel services; banks are quickly investing in the latest core banking platforms that are delivered via cloud technology. Leading suppliers are working diligently to innovate their products using the technologies of artificial intelligence, data analytics and composable banking architecture thus giving institutions opportunities to enhance their speed, efficiency and overall customer service capabilities. With rising competition from fintechs, evolving consumer expectations, and stricter regulatory frameworks, the market is expected to maintain robust momentum, strengthening its role in the future of global banking over the coming decade worldwide ahead.