February 22, 2023 – The decline of manually intensive and paper-trade finance operations, the growth of supply chain finance as a core component of any trade finance software portfolio, and the rise of fintech players are alerting banks to move from the current comfort zone into a drastic transformation of the status quo. This change comprises API-based open banking, artificial intelligence, and data analytics.

Leveraging the Aite Matrix, a proprietary Aite-Novarica Group vendor assessment framework, this Impact Report evaluates the overall competitive position of six vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles CGI, Finastra, Intellect Design Arena, Mercury TFS, Oracle, and Surecomp.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report.

This report mentions LexisNexis Risk Solutions.