QUITO, Ecuador. -- november, 2010 -- Cobiscorp, leading Latin American provider of software and services for financial institutions, has been positioned by Gartner, Inc. in the September 2010 Magic Quadrant for International Retail Core Banking, as a Niche Player1.
There has been a recent surge in the international retail core banking market, with core banking renewal accelerated by the financial crisis. According to the report, “as the banking industry strives to dig out from the past year's economic storm, the consensus strategy among many banks is a return to growth.”
“We believe our inclusion reflects our strong market presence, our ongoing innovations, our commitment to long lasting customer relationships, and our clients’ confidence in our solution.” said William Moss, CEO of Cobiscorp.
With a 3 phase technological roadmap well under way and a new version with significant enhancements, Cobiscorp offers customers a universal solution which allows seamless integration of core banking functionalities with third party applications, and enables financial institutions to optimize their business processes and decisions.
1 Gartner, Inc. “Magic Quadrant for International Retail Core Banking, 2010,” by Don Free et al., Sep. 13, 2010
Cobiscorp has a 57 year trajectory as a banking solutions provider, with over 70 clients in 15 countries and offices in USA, Mexico, El Salvador, Panama, Colombia and Ecuador.
Cobiscorp’s main product, COBIS, is designed to work in cooperative, multi-level, client-server computing environments. It is a highly parameterizable solution, oriented to fulfilling the needs of institutions of any size or segment through flexible and quick setup of products and services and providing support through current electronic channels.
For more information, please visit: http://www.cobiscorp.com
About the Magic Quadrant
The Magic Quadrant 2010 is copyrighted by Gartner, Inc. and is reused with permission. The Magic Quadrants are a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
# # #
About Cobiscorp: we area a strategic partner of our clients, providing information technology solutions that add value and competitiveness to their business ventures, while adequately rewarding our investorsm stakeholders, and community.