IBS Intelligence Unveils the Results of its Prestigious Sales League Table 2025

As the banking and FinTech landscape continues to evolve at an unprecedented pace, the IBS Intelligence Sales League Table (SLT) stands as a trusted benchmark for tracking technology adoption and vendor performance globally.

London, June 12, 2025 – IBS Intelligence (IBSi) is pleased to announce the publication of its much-anticipated 24th Annual IBSi Sales League Table (SLT) 2025. Recognised globally as the industry’s longest-running barometer of banking technology performance, the SLT offers a uniquely data-driven view into how banks and financial institutions (FIs) are directing their tech budgets to stay competitive amid regulatory changes, heightened cyber risk, and relentless innovation.

Now, in its 24th edition, the IBSi SLT reflects how global financial institutions are embracing technology innovations to navigate a volatile landscape shaped by macroeconomic headwinds and evolving customer expectations. Built entirely on independently verified deal data, the SLT provides a transparent and comprehensive view of banks’ investment strategies, driving operational agility, risk resilience, and digital scalability.

The year 2025 has proven to be another pivotal year, marked by the convergence of Banking and FinTech. This year, over 60 technology vendors submitted more than 2,100 deals from 150+ countries, with only 1,429 deals passing IBSi’s rigorous evaluation process to make it into the final rankings. The composition—1,008 global and 421 domestic deals—reflects a steady balance between international traction and regional depth, even with economic uncertainty. Digital transformation remains a dominant narrative, and this year’s SLT displays a notable shift in investment priorities. Financial institutions are rapidly accelerating the adoption of modern, scalable, and secure infrastructures that align with their long-term strategic objectives.

“Despite pressures from tightening margins and evolving risk landscapes, the banking sector has demonstrated remarkable resilience. What we are witnessing is not just digital transformation but a deep structural evolution,” said Nikhil Gokhale, Head of Research Platforms at IBS Intelligence. “Banks are rethinking their technology foundations—replacing legacy cores, integrating AI across decisioning layers, and embedding finance into broader ecosystems. The 2025 SLT captures this strategic pivot with clarity and granularity.”

In line with IBSi’s methodology, the SLT continues to exclude licence renewals and functional or geographic extensions. The rankings remain confined to a defined set of 20 system categories across Universal Banking, Private & Wealth Management, Payments, Lending, Digital Channels, Risk & Compliance, and Enterprise Solutions. All rankings are volume-based, with no differentiation between deal sizes, thereby offering an equitable view of vendor market penetration across regions and institution types.

To reflect specific market dynamics, the SLT also includes dedicated Domestic Sales League Tables for the US, UK, and India, where domestic trends diverge significantly from global patterns.

In addition to the main rankings, IBSi recognises vendors making strong gains in niche segments through its Industry Leader Special Awards, awarded to suppliers demonstrating outstanding deal activity in areas of specialised innovation and growing strategic relevance.

As the financial technology landscape continues to transform, the Sales League Table remains the industry’s most reliable lens for assessing vendor performance, identifying adoption trends, and uncovering opportunities in a digital-first future. With a focus on verified data and consistency, the SLT has become an indispensable tool for banks, technology providers, and industry analysts worldwide.

The Sales League Table 2025 Leadership Club: (Complete List)

BankWide
- Universal Banking | Core | Temenos, Infosys Finacle
- Risk Management | Temenos, Nasdaq
- Compliance Management | Fenergo, KiyaAI
- CRM | Infosys Finacle, KiyaAI
Retail Banking
- Retail Banking | Core | Intellect Design Arena, TCS Financial Solutions
- Lending | Retail | Infosys Finacle, Intellect Design Arena
- Digital Banking & Channels | Temenos, KiyaAI
- Payments | Retail | Temenos, Infosys Finacle & SBS Software
Wholesale Banking
- Payments | Wholesale | Finastra, Infosys Finacle
- Lending | Corporate | Infosys Finacle, KiyaAI
- Treasury & Capital Market | Murex, Finastra
- Transaction Banking | Infosys Finacle, Intellect Design Arena
Wealth Management
- Private Banking & Wealth Management | Objectway & Temenos, Intellect Design Arena
- Investment & Fund Management | Profile Software, Objectway
Other SLT Areas
- Cyber/Digital Security | Cobis Topaz
- Data Warehousing & Business Intelligence | Temenos
- Document Management Systems | Cubic Systems
- InsurTech | TCS Financial Solutions & Azentio Software, Intellect Design Arena
- Treasury & Risk Management | Temenos, Nasdaq
- Enterprise Reconciliation | KGSIL
- Process Automation BPM | KiyaAI, Cubic Systems
- Procurement Management | Cubic Systems
- Robotic Process Automation | KiyaAI
Neo Bank & Challenger Bank SLT
- Neo Bank & Challenger Bank | Infosys Finacle & Temenos, Cobis Topaz & Vilja Solutions
Islamic Banking SLT
- Islamic – Payment | Retail Temenos
- Islamic Banking | Digital Banking & Channels Temenos, Cubic Systems
- Islamic – Wholesale Banking Treasury Temenos, Murex
- Islamic Banking | Lending | Retail | Azentio Software
- Islamic Banking | Risk Management Temenos
- Islamic Banking | Universal Banking | Core Temenos, BML Istisharat & ICSFS & Capital Banking Solutions
- Islamic – Compliance Management Azentio Software, Fenergo
- Islamic – Private Banking & Wealth Management Temenos, TCS Financial Solutions
Regional Leaders
- North America | Finastra, Intellect Design Arena
- Latin America | Cobis Topaz, Infosys Finacle
- Europe | Finastra, SBS Software
- Middle East | Temenos, KiyaAI
- Africa | Temenos, Infosys Finacle
- APAC | KiyaAI, Infosys Finacle
Domestic SLT
- India | KiyaAI, Infosys Finacle
  - Compliance Management | KiyaAI, Azentio Software
  - Corporate Banking | Lending | KiyaAI, Infosys Finacle
  - Digital Channels & Banking | KiyaAI, Infosys Finacle
  - InsurTech | Nvest, TCS Financial Solutions
  - Investment and Fund Management | Credence Analytics, KGISL
  - Retail Lending | Credgenics, Veefin
  - Retail Payments | KiyaAI, Mindgate Solutions
  - Universal Core | KiyaAI, Infosys Finacle
  - Wholesale Banking | Transaction | Infosys Finacle, Veefin
- USA | Finastra, Jack Henry
Global Leadership
- Product Breadth | TCS Financial Solutions, Infosys Finacle, KiyaAI
- Geographic Spread | Temenos, Finastra, Intellect Design Arena
IBSi Industry Leader Special Awards
- Europe | Compliance Management | SBS Software
- Europe | Retail Payment | SBS Software
- India | Loan Origination | Uncia
- Digital Banking & Channels | Mobile Banking | NetInfo
- Transaction Banking | Collections | AurionPro
- India | Supply Chain Finance | Veefin
- Europe | Retail Banking – Core | Vilja Solutions
SLT NEW ENTRANT | Star Performance
- Digital Banking & Channels | Techurate
- InsurTech | Nvest
- Compliance Management | Cleareye.ai

Detailed analysis and insights are in the SLT Report 2025, available for subscription here.

About IBS Intelligence

Established in 1991, UK-headquartered International Banking Systems (IBS) Intelligence (IBSi) is the world’s only pure-play Financial Technology (traditional and new-age) research, advisory, and media firm, with global coverage and a 360° portfolio of intelligence offerings.

For over 30 years, IBSi’s expert teams have delivered independent, in-depth, actionable insights with a laser focus on everything from Financial Technology to the global banking, consulting, technology, and institutional investor world.

As an Analyst firm, we take pride in covering 4,500+ FinTech vendors in-depth globally – the largest by any global research firm in this space. IBSi’s iconic annual Sales League Table has been the industry-acknowledged benchmark of global Financial Technology vendor performance for over 20 years, covering 120+ leading technology participants from more than 200+ countries across 20+ system types. Every year.

The Cedar-IBSi platform also runs the Cedar-IBSi FinTech Lab, a BankTech/B2B FinTech accelerator that has been home to 55+ successful FinTechs since 2018 and aims to become the go-to FinTech Lab in the region in the years to come.

IBSi’s independent Venture Capital fund, Cedar-IBSi Capital (Owned in India by SEBI-registered trust Registration No. IN/AIF2/22-23/1185), announced in 2023, is now India’s leading pure-play FinTech fund and will leverage the strong knowledge and intelligence backbone of Cedar-IBSi’s 30+ year track record in global financial services and technology research and consulting. The $20mn (175 Cr) fund will build a portfolio of 10-15 companies with a strong focus on the BankTech and B2B FinTech space, hoping to create value for founders in multiple strategic areas beyond the capital.

IBSi’s group company, Cedar, is a 35-year-old global management consulting firm with deep expertise in formulating & executing business strategies for financial services clients worldwide, with a significant focus on leading their technology and digital transformation.

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