Retail Core Banking Solution Market Report 2026

The retail core banking solution market size has grown strongly in recent years. It will grow from $5.43 billion in 2025 to $5.94 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increasing digitalization of retail banking operations, rising customer demand for anytime banking access, modernization of legacy banking systems, expansion of branchless banking models, increased adoption of centralized banking platforms.

The retail core banking solution market size is expected to see rapid growth in the next few years. It will grow to $8.71 billion in 2030 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to increasing investments in cloud-native banking solutions, rising demand for personalized digital banking experiences, expansion of open banking ecosystems, growing focus on regulatory compliance automation, increasing use of ai-driven customer analytics. Major trends in the forecast period include increasing adoption of cloud-based core banking platforms, rising integration of omnichannel digital banking systems, growing focus on real-time transaction processing, expansion of api-driven banking architectures, enhanced emphasis on customer-centric banking solutions.

The increasing customer demand for mobile and net banking is playing a significant role in the growth of the retail core banking solutions market moving forward. Mobile banking is a financial service that enables clients to access and manage their bank accounts and perform various financial transactions using mobile devices like smartphones or tablets. Net banking allows clients to utilize multiple banking services and conduct transactions online. Retail core banking solutions are utilized to connect net banking services with the bank's regular operating channels, ensuring smoother operations across these channels. These solutions also facilitate faster mobile banking services for consumers. For example, in October 2023, MoneyTransfers.com, a UK-based online platform, projected that the number of digital banking users would rise from 208 million in 2023 to 212.8 million in 2024, indicating a steady increase in digital banking adoption. Consequently, the growing customer demand for mobile and net banking is set to drive the retail core banking solutions market.

Leading companies in the retail core banking solution market are also directing their efforts toward the development of platforms, particularly artificial intelligence (AI)-enabled retail core banking platforms, to enhance the quality of their financial services offerings. An AI-enabled core banking system involves integrating advanced artificial intelligence technologies into the banking infrastructure to optimize various banking operations. An illustration of this trend is evident in the October 2023 launch of the SBP Core Platform by Sopra Banking Software (SBS), a France-based provider of API-first platforms for financial institutions. This AI-enabled core banking system is offered as a Software-as-a-Service (SaaS) solution, allowing customers to access the latest innovations seamlessly without undertaking time-consuming migration projects. Moreover, it emphasizes the highest level of security, cost-effectiveness, and provides seamless product updates.

In January 2024, Visa, a multinational corporation based in the US, acquired Pismo for an undisclosed sum. The purpose of Visa's acquisition is to improve its core banking and issuer processing capabilities by incorporating a cloud-native platform, which will enable it to provide innovative banking solutions and support new payment methods for its financial institution and FinTech partners worldwide. Pismo is a technology company located in Brazil that specializes in delivering cloud-based financial technology solutions.

Major companies operating in the retail core banking solution market are Mambu GmbH, Oracle Corporation, SAP SE, Tata Consultancy Services Limited, Infosys Limited, Fiserv Inc., Fidelity National Information Services Inc. (FIS), Wipro Core Banking As-a-Service, Polaris Software, Unisys Corporation, Jack Henry & Associates Inc, Finastra Group Holdings Limited, Temenos AG, EdgeVerve, Sopra Banking Software, InfrasoftTech, Backbase B.V, Silverlake Axis, 3i Infotech, Nucleus Software, Neptune Software, Profile Software, ICS Financial Systems, Kiya.ai, HES Core.

North America was the largest region in the retail core banking solution market in 2025. The regions covered in the retail core banking solution market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retail core banking solution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The retail core banking solution market includes revenues earned by entities by providing account opening services, loan processing, withdrawals, and fund transfer services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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