Banking Process Transformation 2026 Market Insights™

June, 2026

This report describes the state of the market in the banking process transformation space to help enterprises fine-tune their operations. It provides an overview of key observations and business challenges that Avasant considers important to highlight in the banking outsourcing space.

Why read this Market Insights?

The banking outsourcing market is expanding as financial institutions increasingly seek providers with deep domain expertise, multi-jurisdictional regulatory capabilities, and technology-led delivery models tailored to complex banking workflows. Rising demand for real-time payment processing and fraud and compliance automation is driving a shift toward specialized, outcome-oriented engagements over traditional volume-based outsourcing contracts.

The Banking Process Transformation 2026 Market Insights™ aids organizations in identifying important market trends and expectations for any banking services projects that they engage in.

Methodology

The industry insights presented in this report are based on the following: our ongoing interactions with enterprise CXOs and other key executives; targeted discussions with service providers, subject matter experts, and Avasant Fellows; analyst insights from primary and secondary research; and lessons learned from consulting engagements.

Table of contents

About the report (Page 3)

Executive summary (Pages 6–9)

    • Definition and scope of banking process transformation
    • Key banking process transformation trends shaping the industry
    • Avasant recognizes 29 top-tier providers offering banking process transformation services.

State of the market (Pages 10–14)

    • AI experimentation is widespread, but scaling agentic automation remains the key untapped opportunity for providers.
    • Real-time payments are driving a shift from batch processing to always-on operations, fueling demand for exception handling and fraud monitoring.
    • Fraud operations is now a core growth vertical for service providers, driven by escalating fraud volumes.
    • Open finance regulation is reshaping banking operations globally as regulators allow financial data portability.

Key contacts (Page 15)


Read the Research Byte based on this report. Please refer to Avasant’s Banking Process Transformation 2026 RadarView™ for detailed insights on the service providers and supply-side trends.

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DISCLAIMER:

Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.

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