Market Structure of Core Banking Services Providers

Julian Alcazar, Samuel Baird, Emma Cronenweth, Fumiko Hayashi and Ken Isaacson
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Emma Cronenweth: https://www.chicagofed.org/people/c/cronenweth-emma

Payments System Research Briefing, 2024, 7

Abstract: Three core providers dominate the market for core banking systems for depository institutions (DIs). These providers also have a large presence in vertically related markets, such as card network services; payment processing services for DIs, merchants, or governments; and banking-as-a-service. This market structure may make it difficult for DIs to switch their core providers, affecting their ability to offer new services and stay competitive.

Keywords: core providers; Depository institutions; banking sector (search for similar items in EconPapers)
Date: 2024
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