Information Technology in Bank Market Map: 250 IT Product and Service Providers, 40 IB Solution Developers

The Information Technology in the Bank card is aimed at bank IT managers and can serve as a reference tool when choosing suppliers of products and services for digitalizing business processes, as well as ensuring their information security.

The map reached almost 300 market players - 250 IT product providers used to digitalize major banking processes, and more than 40 developers of information security solutions.

The bank's business is presented in the form of a tree, in the trunk of which suppliers of solutions for building automated banking systems (core-banking) and for working with data are allocated.

Branches of the tree are four functional areas of the bank:

• Products and services,
• Channel sales and service,
• Risk management and reporting,
• Business support.

Information security solution providers are located in the root system, and IT service providers are located in the house next door, which no bank can do without.

The central bank, acting as the operator of its own digital services, is depicted on the map in the form of the sun. Without the fruitful work of the Central Bank, the development of the banking market is impossible, just like without the energy of the sun, tree growth is impossible.

Many banks successfully coped with the first phase of digital transformation, software development mastered Agile, developing a variety of mobile and online services for customers, automating the activities of employees of branches and back offices. The more difficult and expensive task ahead is to bring the developed systems and services in line with single architectural approaches, integrating them on the basis of reliable and stable digital platforms, "said TAdviser Editor-in-Chief Alexander Levashov. - In the course of this activity, banks will need reliable and, at the same time, flexible contractors and suppliers that are able to transform after changing customer tasks. We hope that the card will help bank digitalization managers to select suitable counterparties and with their help achieve their goals

When preparing the map, we relied on:

• TAdviser knowledge base containing information about# ttop 5.4 thousand IT projects in financial institutions,
• The bank's IT strategy from the top 5, which helped us classify IT products according to the architecture of banking applications,
• Business process landscape of a typical bank developed by the Banking Industry Architecture Network (BIAN),
• expertise of market participants: thanks Artak Oganesyan, Denis Kalinin, Maxim Andreev, Sergey Dobridnyuk, Alexander Moiseenko, Alexey Klepikov, Nadezhda Levashova, Igor Kostylev, Ivan Shkvarun, Pavel Lutsik, Ashot Oganesyan.

Read also

• Review: IT in Banks 2018
• Information technology in the Central Bank of the Russian Federation
• Information Technology at Sberbank
• Information security in banks
• Map of the Russian information technology market