Vilja is recognized as a representative vendor, in their newly published report: Gartner Market Guide for Core Banking Systems, Europe 2024, authored by Vittorio D’Orazio and Don Free.
“Gartner defines a core banking system (CBS) as the financial institution’s back‐office software that performs real-time or end-of-day processing for deposits and loans. Apart from advancing the processing dates, representative capabilities include transaction posting, interest accrual/payment, service charge calculation and cash management (zero balance, target balance).”
The report identifies five key trends “1) Composable Technologies Enable Customizing Through Components, 2) Core Banking Moves Into the Cloud, 3) Architectural Standards Increase in Uptake and Go Beyond Internal Operational Agility, 4) Ecosystems Are More Than Just the Core, but They Are Linked to It and 5) Commoditization Increases as Business Functions Aren’t Differentiating.”
“We are delighted to be recognized in the Gartner Market Guide for Core Banking System in Europe 2024. We know the importance of a flexible, cloud-native banking platform with purpose-built APIs for delivering successful digital banking transformation projects. This reaffirms our leadership in the Nordic market and fuels our expansion into Europe and ASEAN” says Fredrik Ulvenholm, CEO at Vilja.
For more information, please contact:
Fredrik Ulvenholm, CEO at Vilja, fredrik.ulvenholm@viljasolutions.com
Gartner, Market Guide for Core Banking Systems, Europe, By Vittorio D’Orazio, Don Free, 6 March 2024
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• Superior customer experience: Modern “My Pages” built for self-service and automation
• User friendly and extensive back-office: Designed for easy product management, smooth servicing and rich compliance functionality
• Complete end-to-end solution with modular approach: Cover the full customer life cycle, KYC & servicing, both at onboarding and recurring
