Modern Core Banking and Wealth Platforms
Modern Core Banking and Wealth Platforms: Who’s Leading with Real Contracts (2019–2025)
| Vendor (HQ) | Best practice case (2019 → present) | Advantage domain | Example large banks / clients |
|---|---|---|---|
| Avaloq (Switzerland) | Security Bank (Philippines) selected Avaloq RM Workplace to digitalize wealth management (Feb 2024). Avaloq also has multi-jurisdictional BPaaS / SaaS contracts and a notable Deutsche Bank wealth extension (contract extended to 2028). | End-to-end wealth & private-banking BPaaS / SaaS; strong in front-office RM tooling and outsourced operations. | Security Bank, Deutsche Bank (wealth units) |
| Temenos (Switzerland) | Regions Bank (US) selected Temenos Banking Cloud to modernize customer records & deposits (announced 2023). ABN AMRO extended its Temenos Banking Cloud subscription in 2022. | Large-scale, proven core-and-cloud SaaS platform for retail & corporate core modernization; strong partner ecosystem. | Regions Bank (US), ABN AMRO (Netherlands), many global banks. |
| FNZ (UK) | Aviva extended a long-term platform partnership with FNZ (15-year extension announced Jan 2024) and continues to roll out adviser and analytics capabilities. | Wealth platform PaaS at scale — product distribution, adviser tooling, large AUM migrations and automation. | Aviva (UK), UBS/Vanguard/large wealth managers via FNZ ecosystem. |
| Charles River / State Street (USA) | T. Rowe Price expanded use of Charles River IMS (cloud) for portfolio management, trading and compliance (announced Apr 2024). | Front & middle-office solution for asset managers: portfolio mgmt, trading, compliance, data integration (State Street Alpha). | T. Rowe Price, Banorte (examples of regional rollouts). |
| nCino (USA / Salesforce) | Large enterprise deployments (e.g., Bendigo & Adelaide Bank selected nCino 2023; U.S. Bank expanded nCino use in 2024) — strong traction in commercial lending, onboarding and CRM-adjacent functions. | Lending & credit workflow automation, origination/onboarding, Salesforce-native deployments for enterprise banks. | Bendigo & Adelaide Bank, U.S. Bank, many regional & enterprise banks. |
| Backbase (Netherlands) | Backbase delivered enterprise digital banking platforms (MyState 2024) and launched AI-powered platform capabilities (2024–25 product announcements). | Engagement / digital front-end platform with AI and composability for retail & wealth customer journeys. | MyState, multiple retail banks modernizing digital channels. |
| Oracle FLEXCUBE (Oracle) | FlexCube continues to be deployed for sizable banks and credit unions (examples include TISA / regional banks go-lives 2024–25); widely used at scale globally. | Large universal-banking core with comprehensive modules, strong enterprise scale and OCI integration. | Various large banks and credit unions worldwide (Oracle customer listings). |
| Feedzai (Portugal / USA) | Centrale partnership with Banco BPI (Portugal, Aug 2025) using Digital Trust for real-time behavioral biometrics and transaction monitoring; also a hybrid deployment at a major North American retail bank that saved ~$30M over 3 years. | AI-native financial crime prevention platform: real-time fraud & AML detection, behavioral biometrics, anomaly detection and RiskOps orchestration. | Banco BPI (Portugal); an unnamed major North American retail bank (hybrid implementation) |