Aite Matrix: Wealth-Management-Focused Core Banking Systems in Europe and Asia

Report Summary

Aite Matrix: Wealth-Management-Focused Core Banking Systems in Europe and Asia

Real transformation and modernization need a solid foundation for success, and it is this foundation that core banking systems offer financial institutions.


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Meghna Mukerjee
Strategic Advisor
Wally Okby
Strategic Advisor

July 21, 2022 The core banking system is the technological heart of an FI that performs critical functions related to the book of records, accounts, payments, securities, and loans. Any lags in the core banking systems can create inefficiencies across the value chain at wealth management firms, yet wealth managers and private banks have hardly considered core banking systems to be differentiators for product or service offerings. Wealth managers need a lean back office with a well-managed data layer feeding into intuitive digital platforms on the front end, supplemented with the value that a firm’s human advisors deliver, to remain competitive.

Leveraging the Aite Matrix, a proprietary Aite-Novarica Group vendor assessment framework, this Impact Report evaluates the overall competitive position of eight vendors, focusing on vendor stability, client strength, product features, and client services. It homes in on core banking vendors that are headquartered in Europe or the Asia-Pacific and have active implementations of their solutions at wealth management and private banking firms in Europe or the Asia-Pacific. This report profiles Avaloq, ERI Bancaire, Finnova AG Bankware, Infosys Finacle, Intellect Design Arena, Profile Software, Tata Consultancy Services, and Temenos.

This 114-page Impact Report contains 14 figures and 25 tables. Clients of Aite-Novarica Group’s Wealth Management service can download this report and the corresponding charts.

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This report mentions 10x, 3K Investment Partners, ABN AMRO, Accenture, Adam & Company, additiv, AJK Wealth, Appway, Attica Wealth Management, Azqore, Bangkok Bank, Bank Leerau Genossenschaft, Bank Muscat, Banque Cantonale de Fribourg, Banque Cantonale Neuchâteloise, Banque Havilland, BBSSL, BearingPoint, Bordier, Capgemini, CIMB Bank, Cloud4C, Confinale, Credit Agricole Group, DBS Bank, Dell, Deutsche Bank, Dolfin, DriveWealth, DXC, Edmond De Rothschild, Elinvar, Emirates NBD, Eurobank Private Banking, EY, Finastra, FIS, Fiserv, FNZ, G2, GBST, Genweb2 Ltd., HCL, HDFC Bank, Hinduja Bank, HMS Consulting Israel, HP, IBM, ICICI Bank, Indosuez Wealth Management, Infoline LLC, InvestCloud, Investx, Itau, J. Safra Sarasin, Julius Baer, KBSL IT, KBZ Stirling Coleman Capital Ltd., Kotak Mahindra Bank, KPMG, Lombard Odier, LTI Syncordis, Luxoft, Mambu, Microsoft, MillenniumIT, Mirabaud, Monzo, National Bank of Greece, Natixis Private Banking, Nelito, Nurture Software Solution, OneAston, OneVest, Oracle, Orbium, Pershing, Piraeus Bank, RAKBANK, Red Hat, Revolut, SAP, Schaffhauser Kantonalbank, Schroders Wealth Management, SEI, Sobaco InCore, Societe Generale Private Bank, Sopra Banking Software, Standard Bank, Starling Bank, State Bank of India, Swisscom, Synpulse, Tech Mahindra, Techmind Solution, Thought Machine, TSOGTSURAN LLC, Wealth Dynamix, Wipro, YES BANK, and Zuger Kantonalbank.

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