FIS Leads 2025 Gartner Magic Quadrant for Retail Core Banking in North America
FIS® (NYSE: FIS), a global powerhouse in financial technology, has been named a Leader in the 2025 Gartner Magic Quadrant for Retail Core Banking Systems in North America. This prestigious recognition underscores FIS’ unparalleled capabilities in financial services and highlights its leadership in providing robust core banking solutions that safeguard money at rest while enabling seamless financial transactions across a highly interconnected ecosystem.
As financial institutions worldwide continue to navigate an evolving digital landscape, core banking solutions have become a critical component in ensuring operational efficiency, customer satisfaction, and regulatory compliance. FIS’ innovative approach to banking technology allows financial institutions to enhance customer experiences, streamline their operations, and create a more agile, future-ready banking environment.
The Significance of the Gartner Recognition
The Gartner Magic Quadrant evaluates vendors based on two key criteria: Ability to Execute and Completeness of Vision. These benchmarks assess how well companies can deliver on their promised capabilities and how comprehensive and forward-thinking their strategies are in addressing market demands.
FIS’ placement in the “Leaders” quadrant is a testament to its strong financial performance, innovative product suite, and commitment to helping banks and financial institutions navigate the complexities of modern banking. Its recognition also signals FIS’ sustained investment in cutting-edge technologies, such as open APIs, cloud-based infrastructure, and integrated digital solutions.
FIS’ Core Banking Solutions: A Look at the Key Products
The 2025 Gartner report evaluated several core banking solutions, highlighting three FIS products that have made a significant impact on the financial services industry. These solutions include HORIZON, Integrated Banking Solution (IBS), and the Modern Banking Platform, all of which cater to diverse banking needs, ensuring efficiency, security, and seamless customer engagement.
HORIZON
HORIZON received one of the highest customer experience ratings among all vendors assessed in the report. This recognition stems from its ability to provide a superior user experience, enhanced operational efficiency, and a seamless digital-first approach that aligns with the expectations of modern consumers.
Additionally, HORIZON was praised for its API marketplace capabilities, which allow financial institutions to integrate with third-party services effortlessly. This streamlined integration facilitates banks in launching new business lines efficiently while improving collaboration between different banking entities.
Integrated Banking Solution (IBS)
IBS emerged as a leading solution for financial institutions looking to unlock efficiencies in business functionality. According to the Gartner report, IBS achieved some of the highest scores for its ability to enhance business processes while offering comprehensive product support, customer-centric servicing, and an innovative release strategy.
The flexibility and adaptability of IBS make it an attractive option for banks looking to modernize their core operations without disrupting existing workflows. By incorporating advanced automation, AI-driven insights, and enhanced compliance features, IBS positions itself as a premier solution for financial institutions striving for digital transformation.
Modern Banking Platform
FIS’ Modern Banking Platform was recognized for its native composable and cloud architecture, setting it apart from traditional core banking solutions. By leveraging the power of cloud computing, this platform offers superior scalability, security, and agility, allowing financial institutions to adapt to changing market conditions rapidly.
One of the key advantages of the Modern Banking Platform is its ability to facilitate secure integrations between FIS and third-party partners. This capability enables banks to quickly deploy new features, enhance their digital banking offerings, and create more dynamic user experiences tailored to customer preferences. The platform’s composable architecture ensures that financial institutions can scale their operations efficiently while minimizing risks and operational costs.
Leadership Perspective: FIS’ Commitment to Innovation
John Durrant, Co-President of FIS Banking Solutions, expressed confidence in the company’s continued leadership in core banking solutions. He emphasized that FIS’ position in both the “Leaders” and “Visionaries” quadrants reflects its dedication to innovation and its ability to anticipate the evolving needs of financial institutions.
“FIS’ positioning in the ‘Leaders’ and ‘Visionaries’ quadrants reinforces our dedication to providing the most innovative core banking solutions to our clients,” said Durrant. “With FIS’ open API technology, institutions can securely manage money at rest while unlocking a thriving banking and payments ecosystem through a flexible platform. This enables our customers to see greater efficiency, quickly launch competitive products, and cement relationships with personalized experiences.”
Durrant’s statement highlights FIS’ commitment to providing financial institutions with best-in-class tools and technologies that empower them to remain competitive in an increasingly digital-first world. As consumer expectations continue to shift towards personalized and seamless banking experiences, FIS’ open API framework ensures that banks can offer cutting-edge services while maintaining security and compliance.
Market Trends in Core Banking: Insights from the Gartner Report
The 2025 Gartner Magic Quadrant for Retail Core Banking Systems provides key insights into emerging trends shaping the financial services industry. Some of the most notable trends include:
1. The Rise of Cloud-Based Core Banking
Cloud-based core banking solutions are becoming the standard for financial institutions looking to scale their operations efficiently. The benefits of cloud technology include enhanced security, reduced infrastructure costs, and improved system performance, all of which are critical for banks aiming to optimize their digital banking services.
FIS’ Modern Banking Platform aligns with this trend by offering a fully cloud-native architecture, ensuring banks can transition from legacy systems to modern infrastructure with minimal disruption.
2. Increasing Importance of Open APIs
Open APIs play a crucial role in the future of banking, allowing institutions to integrate with third-party services seamlessly. This trend is driven by the demand for more personalized banking experiences, real-time financial insights, and faster product innovation.
FIS has been at the forefront of this movement, with all its core banking solutions featuring robust API capabilities that enable seamless connectivity across multiple financial ecosystems.
3. Digital-First Customer Expectations
Consumers today expect instant, secure, and personalized financial services accessible across various digital channels. Banks that fail to meet these expectations risk losing customers to fintech disruptors.
By leveraging technologies such as AI, machine learning, and automation, FIS’ core banking solutions empower banks to enhance their customer engagement strategies, offering real-time insights, predictive analytics, and hyper-personalized financial products.
4. Regulatory Compliance and Security Enhancements
With increasing regulatory scrutiny and cybersecurity threats, banks must prioritize compliance and data protection. FIS’ core banking platforms integrate advanced security protocols, fraud detection mechanisms, and automated compliance tools, ensuring institutions remain compliant while mitigating risks.
FIS is a financial technology company providing solutions to financial institutions, businesses and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology.
