“Aite Group suggests that the biggest U.S. core banking processors and large IT services vendors are on a collision trajectory. With the consolidation of core banking and payment processing assets now well under way, core banking processors are seeking to further entrench themselves among large financial institutions. They are looking beyond processing and software licensing to grow revenues. Their next stop: the multi-billion dollar IT services market.”

A report from Aite Group, LLC maps out 26 IT service providers, including Exigen Services, serving the global banking industry. The report examines the vendors’ geographic, service and banking presence, and looks at key factors of revenue performance in IT services.