Emirates NBD has partnered with Visa to become the first bank in the UAE to launch the Visa+ service, providing customers with a faster, more secure, and user-friendly method to transfer funds to Visa cardholders across the GCC region.
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Banking Software Contracts Analytics
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This data analytics tool looks at banking industry software contracts by institution, system area, vendor, and region.
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Banking Software Contracts Analytics: Annual Analysis – 2024
Report / 21 Mar 2025 / Philip Benton
This report uses data from Omdia’s Banking Software Contracts Analytics database to analyze banking technology investment in 2024 based on contract activity announced during this period.
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The Analyst Team
Josh Builta
Follow AnalystSenior Director, Enterprise Platforms & Applications
As the senior research director for Enterprise Platforms & Applications at Omdia, Josh Builta leads a talented team of analysts producing valuable insights on artificial intelligence (AI), Internet of Things (IoT), digital workplace, and other enterprise technology markets. In this role, Josh manages the day-to-day operations of these teams and guides their strategic development to ensure they produce a compelling research portfolio that meets the demands of Omdia’s global client base. Using an extensive network of industry contacts, Josh regularly contributes to market intelligence reports and frequently leads consulting projects for high-profile clients. His expertise spans a broad technology spectrum, from hardware components to connectivity technologies and vertical market use cases.
Before Omdia, Josh served as the vice president of product management at Ingenu, formulating the company’s product roadmap and guiding cross-functional teams. From 2010 to 2016, he led IHS Markit’s coverage of the IoT market and guided the launch of the first syndicated intelligence service. Josh’s experience also includes analyst roles with the Department of Defense and Department of Homeland Security, where he directly advised senior government and military officials on national security matters.
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Vedhanth Gogikar
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Vedhanth Gogikar is an analyst and member of the IT Tools and Insights team. He works on the Banking Software Contracts Analytics (BSCA) service, tracking banking software contracts globally and updating the BSCA database. Vedhanth also supports the Neobank Activity and Security Breaches service.
Vedhanth has over five years of experience in market research and has authored reports identifying and analyzing banking service contracts and neobank activities. Before joining Omdia, Vedhanth was an analyst with GlobalData Plc, working on company profiles and SWOT analysis projects in insurance, banking, and retail verticals. Vedhanth holds a post-graduate diploma in management from Vignana Jyothi Institute of Management (VJIM), Hyderabad, India and a bachelor’s degree in commerce from Osmania University, Hyderabad, India.
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