IBS Intelligence announces results of its Annual Sales League Table 2024

The Annual Sales League Table is the industry’s only barometer of banking technology vendor performance and the financial sector has shown remarkable resilience despite the odds.

London, June 20, 2024 – IBS Intelligence (IBSi) is pleased to announce the publication of its eagerly awaited iconic Annual IBSi Sales League Table (SLT) 2024. With a track record of over two decades, the IBSi SLT showcases the sales performance of banking technology suppliers, objectively ranking products across 20 categories.

Banks and Financial Institutions (FIs) continue to prioritise digital transformation for competitiveness; enhancing cybersecurity and building more robust and secure digital infrastructures. Digital Banking technology and solutions highlight a forward-looking industry that is capable of navigating the complexities of the modern economic environment.

Despite a global shifting landscape, SLT 2024 received a consistent level of interest and participation with 50+ technology suppliers submitting 2,100+ deals spanning 151 countries. Only 1,368 deals made it past a rigorous assessment process to this year’s final SLT rankings, with a 70-30 split between global and domestic deals.

IBSi also recognises suppliers in select niche sub-categories as a part of Industry Leader Special Awards where we see a significant deal size.

“Though the economic headwinds may have initially caused a dip, deal activity in the banking sector rebounded in 2023, with a clear focus on fortifying risk management. Banks strategically invested in cybersecurity solutions and fraud prevention tools, reflecting a growing awareness of the evolving threat landscape and the need to protect customer data and financial assets,” said Nikhil Gokhale, Head of Research Platforms at IBS Intelligence.

“Despite a muted overall deal environment, a significant shift took place in private banking. Recognising the benefits of scalability, security, and cost-efficiency, banks increasingly opted to migrate their core operations and client data to the cloud, A positive outlook grips the banking and FinTech sectors. Proactive risk management by banks strengthens the financial landscape, while digital adoption explodes across personal and lending sectors. Embedded finance and other innovations can propel the industry forward, promising a dynamic future brimming with possibilities.” he added.

Here’s a complete list of the 2024 Leadership Club:


  • Universal Banking | Core | Temenos, Infosys Finacle
  • Risk Management | Temenos, Nasdaq (Adenza)
  • Compliance Management | Fenergo, Kiya.ai
  • CRM | Infosys Finacle, Kiya.ai

Retail Banking

  • Retail Banking | Core | Intellect Design Arena & TCS Financial Solutions (TCS BaNCS), Bantotal
  • Lending | Retail | Intellect Design Arena, TCS Financial Solutions (TCS BaNCS)
  • Digital Banking & Channels | Temenos, Intellect Design Arena
  • Payments | Retail | Temenos, TCS Financial Solutions (TCS BaNCS)

Wholesale Banking

  • Payments | Wholesale | Infosys Finacle, Intellect Design Arena
  • Lending | Corporate | TCS Financial Solutions (TCS BaNCS), Sopra Banking Software
  • Treasury & Capital Market | Murex, Nasdaq (Adenza)
  • Transaction Banking | Intellect Design Arena, Infosys Finacle

Wealth Management

  • Private Banking & Wealth Management | Objectway, ERI Bancaire
  • Investment & Fund Management | Objectway, Azentio Software

Other SLT Areas

  • Card Management | Dock & TCS Financial Solutions (TCS BaNCS)
  • Cyber/Digital Security | Cobis Topaz
  • Data Warehousing & Business Intelligence | Finastra
  • Document Management Systems | Azentio Software, Impactsure
  • InsurTech | Intellect Design Arena & TCS BaNCS
  • Treasury & Risk Management | Temenos, Nasdaq (Adenza)
  • Reconciliation | TCS Financial Solutions (TCS BaNCS)

Neo Bank & Challenger Bank SLT

  • Neo Bank & Challenger Bank | Infosys Finacle & Temenos, TCS Financial Solutions (TCS BaNCS), Cobis Topaz, Vilja Solutions

Islamic Banking SLT

  • Islamic Banking | Digital Banking & Channels | Azentio Software, Intellect Design Arena
  • Islamic Banking | Lending | Retail | Azentio Software, Infosys Finacle, Intellect Design Arena & TCS Financial Solutions (TCS BaNCS)
  • Islamic Banking | Risk Management | Temenos, Ascent Business & Azentio Software
  • Islamic Banking | Universal Banking | Core | Temenos, Azentio Software

Regional Leaders

  • North America | TCS Financial Solutions (TCS BaNCS), Intellect Design Arena
  • Latin America | Temenos, Cobis Topaz
  • Europe | Temenos, Infosys Finacle
  • Middle East | Temenos, Azentio Software
  • Africa | Temenos, Capital Banking Solutions
  • APAC | Kiya.ai, Infosys Finacle

Domestic SLT

  • India | Kiya.ai, Infosys Finacle
    • Compliance Management | Kiya.ai, Kyzer Software
    • Digital Channels & Banking | Kiya.ai, Infosys Finacle
    • Investment and Fund Management | Credence Analytics, Azentio Software
    • Retail Lending | Credgenics, Kiya.ai
    • Retail Payments | Infosys Finacle, Kyzer Software
    • Retail Core | TCS Financial Solutions (TCS BaNCS), Intellect Design Arena
    • Transaction Banking | Veefin, Kyzer Software & Infosys Finacle
    • Universal Core | Kiya.ai
  • USA | Finastra, Bankjoy & Volante

Global Leadership

  • Product Breadth | TCS Financial Solutions (TCS BaNCS), Azentio Software & Infosys Finacle, Capital Banking Solutions
  • Geographic Spread | Temenos, Murex, Intellect Design Arena

IBSi Industry Leader Special Awards

  • Digital Banking & Channels | Internet Banking | NETinfo
  • Digital Banking & Channels | Mobile Banking | NETinfo
  • Lending Retail | Africa | EgabiFSI
  • Lending Retail | Collections | Credgenics
  • Lending Retail | Credit Scoring | EgabiFSI
  • Lending Retail | India – Loan Management Systems | Uncia
  • Payments Retail | e-wallets | Modefin
  • Payments Wholesale | North America | Volante
  • Retail Banking Core | Europe | Vilja Solutions
  • Wholesale Transaction Banking | India – Trade Finance | Kyzer Software
  • Wholesale Transaction Banking | Supply Chain Finance | Veefin

SLT NEW ENTRANT | Star Performance

  • Africa | NETinfo

Detailed analysis and insights are in the Sales League Table 2024 Report, available for subscription here.

About IBS Intelligence

Established in 1991, UK-headquartered IBS Intelligence (www.ibsintelligence.com) is the leading global pure-play Financial Technology research, news analysis, and advisory firm. IBSi’s Sales League Table is considered the global industry barometer ranking leading banking technology suppliers. Its research reports comprehensively cover international suppliers across all Banking Technology & Financial Technology systems and are also distributed by Thomson Reuters, Bloomberg and S&P Capital IQ.

Cedar-IBSi’s FinTech Lab (www.cedaribsifintechlab.com) in the heart of Dubai’s Internet City is home to global FinTechs who need a “soft-landing” opportunity into the MENA region. It brings together banks and suppliers with an opportunity to access the Middle East market and to test and experience global Financial Technology products within the region.

The group company, Cedar (www.cedar-consulting.com), is a global management consulting firm with deep expertise in formulating and executing a business strategy for financial services clients worldwide with a significant focus on leading their technology and digital transformation.

Cedar-IBSi Capital (www.cedaribsicapital.vc) is the BankTech/B2B FinTech-focused Venture Capital brainchild of global management consulting firm Cedar Consulting and global FinTech market intelligence firm IBS Intelligence. The fund is structured to follow a classic LP-GP model. Cedar-IBSi Capital 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 $30-40 million fund will build a portfolio of 12-15 companies with a strong focus on the BankTech and B2B FinTech space, hoping to create value for founders in multiple strategic areas beyond capital.

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