"Smart Strategies, Giving Speed to your Growth Trajectory"

Germany Core Banking Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (SaaS/Hosted, Licensed), By Banking Type (Large Banks, Midsize Banks, Small Banks, Community Banks, and Credit Unions), and By End-user (Retail Banking, Treasury, Corporate Banking, and Wealth Management), 2023-2030

Last Updated: July 08, 2024 | Format: PDF | Report ID: FBI107484



Play Audio Listen to Audio Version

The Germany core banking software market size is projected to grow at a CAGR of 19.0% during the forecast period.

Core Banking Software (CBS) is a back-end tool utilized by banks for managing their financial operations, such as transactions, payments, account updates, and record maintenance. These offer real time, centralized online banking services to consumers. The expansion of the CBS market in Germany is fueled by increasing financial institutions across the country, growing demand for centralized account management, and regional growth driven by prior technical advancements and implementations.


Implementation of Analytical Tools to Enhance User Experience and Market Growth

Banks offer comprehensive support to their clients for their regular financial management through a variety of add-ons to core banking software and platforms. These solutions include Personal Finance Management (PFM) tools, various investment options, risk profiles, automated investment advice, and portfolio management. For instance, in May 2022, Yapily, an open banking platform provider, collaborated with SCHUFA Holdings to acquire finAPI. The finAPI provides core banking software, which encased API architecture, scalability, customizable platform, and automated reconciliation, among others. The acquisition enhanced the company’s consumer base and created expansion opportunities in other geographical regions.

These factors add on to the interface and enhance consumer experience, resulting in surplus deployments.


Growing Need for Cost Efficiency in BFSI Industry to Fuel Industry Expansion

Banks face increasing pressure to reduce operational costs and improve their operational efficiency. The adoption of core banking platform aids them to achieve overall cost efficiency. The implementation of CBS aids in the automation of manual processes, improved data management, streamlined operations, increased operational scalability, and better risk management. These factors increase the demand for core banking solutions and propel the Germany core banking software market growth.


Request a Free sample to learn more about this report.

Higher Implementation Costs and Integration Challenges to Hamper Market Growth

Core banking software solutions can be expensive to implement as they require significant upfront investments in technology and personnel. This acts as a significant barrier to entry for small and midsize banks with limited budgets. Additionally, integrating a core banking software is complex and time-consuming, requiring significant technical expertise and resources.

Total FinTech Funding Raised by Startups in the Germany, 2019 - 2020 (USD Billion)

According to a report by the Federal Association of German Startups in 2021, the fintech sector continued to grow in 2020, with a record amount of venture capital invested in the sector. Fintech startups raised USD 3.32 billion in venture capital funding in 2020, up from USD 2.61 billion in 2019.


Emphasis of Key Players on Developing Advanced Banking Solutions to Strengthen their Industry Positions

SAP SE., Wirecard AG, FinTech Group AG, and FIS are some of the major players in the German fintech industry. These players are developing core banking solutions with advanced technologies such as dotnet computing, database management, Big Data, and block chain to increase the market share and geographical expansion.

List of Key Companies Profiled:

  • GFT Technologies SE (Germany)

  • SAP SE (Germany)      

  • FinTech Group AG (Germany)

  • FinLeap GmbH (Germany)

  • Sopra Banking Software (Germany)

  • Infosys Finacle (India)

  • Fiducia and GAD IT AG (Germany)

  • Temenos AG (Switzerland)

  • Mambu GmbH (Germany)

  • Wirecard AG (Germany)


  • November 2022 – Deloitte collaborated with AWS to deploy advanced engineering solutions and launch digital banking services to modernize core banking systems. It resulted in the integration of CoveragePROSPERITY solutions into AWS cloud services for additional cloud capabilities.

  • September 2021 – Modular Bank launched corporate brand identity Tuum, which provided core banking platforms and solutions. It enabled non-fintech companies to offer financial services and offered customization capabilities as per consumer demands.

  • August 2021 – ObjectWay, a wealth-tech provider, acquired Die Software to enhance its financial services. The company enhanced its asset and wealth management offering by reducing delivery times, scaling IT models, and releasing new features.

  • May 2021 – Tink acquired Germany-based CBS provider FinTecSystems (FTS), which fueled their regional expansion in Europe. FTS provided core banking software to more than 150 banks located in Germany, Austria, and Switzerland.

  • May 2021 – Hamburg Commercial Bank (HCOB) partnered with nCino to integrate core banking software into its business model. The bank enhanced its consumers’ banking experience and accelerated digital transformation initiatives.


To gain extensive insights into the market, Request for Customization

This market research report offers an extensive market examination, emphasizing crucial elements such as major firms and major product applications. Additionally, it emphasizes key industry advancements and gives an understanding of the major market trends. The report further includes various growth-contributing factors from recent years.




Study Period

2019 – 2030

Base Year


Estimated Year


Forecast Period

2023 – 2030

Historical Period

2019 – 2021

Growth Rate  

CAGR of 19% from 2023 to 2030


Value (USD Billion)


By Deployment

  • Saas/Hosted

  • Licensed

Banking Type

  • Large Banks (Greater than USD 30 billion in Assets)

  • Midsize Banks (USD 10 billion to USD 30 billion in Assets)

  • Small Banks (USD 5 billion to USD 10 billion in Assets)

  • Community Banks (Less than USD 5 billion in Assets)

  • Credit Unions


  • Retail Banking

  • Treasury

  • Corporate Banking

  • Wealth Management

Frequently Asked Questions

Growing at a CAGR of 19.0%, the market will exhibit steady growth in the forecast period of 2023-2030.

Growing need for cost efficiency in the BFSI sector to fuel the market growth.

FinTech Group AG, Temenos AG, GFT Technologies SE, FinLeap GmbH, SAP SE and FSopra Banking Software, are the major market players in the German market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 0

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.