What was the growth rate of the Capital Markets business in the last year
th 8% on the Banking side, 10% organic on Cap Markets. I know there were some items pulled forward. But can you just touch on, especially the pipeline on the banking side, when you think about how well Modern Banking Platform has been doing and the demand we're hearing about from just end markets and financial services for tech, in general? What kind of growth do you see that potentially being able to generate over the next several years when you see that kind of demand on the banking and the products you offer? And then maybe just quickly touch on the strength in Cap Market's revenue.
Gary Adam Norcross -- Executive Chairman and Chief Executive Officer
Yes. Darrin, I'll start. We'll let Bruce add on to this. I mean, we couldn't be more excited about what we see going on in Banking and Capital Markets, both. I'll remind you, we started this journeyalmost five years ago as we started really embracing cloud computing, and then we started really leaning in on next-generation capabilities that I mentioned when I was talking to Tien-Tsin about and all the investments we've made. So you're now seeing the results of that. Our pipeline continues to grow. You're also seeing record quarters being put up by the sales team in record years, year after year. If you'll remember in Banking, especially, this journey started well over three years ago, and you've seen that growth rate move from low single digits to mid-single digits.
And now it's performing consistently in the upper single digits. So we feel great about the business. We feel great about our solution set. The TAM is very broad because, obviously, we're not just a domestic player in the U.S. We can expand out into international markets as well in global markets. So we've got a really bright future with this group. And frankly, it's where the industry is moving, more importantly. Capital Markets, as I said in my prepared remarks, couldn't be prouder of the team of what they've done. When you go back to 2015, you had a business that was growing about negative 2%.
We've repositioned the portfolio. We invested heavily in product and solutioning. We started going -- and we expanded outside of traditional customers because what we found is there was a lot of market that needed those kind of capabilities, and you're now seeing the results. That's a very, very clean quarter for Capital Markets. I mean, there was a two percentage point tailwind on license renewals. But once again, what a great part of that business is those licenses are term in nature. And so you get those bumps. But even if you adjust that out, just really, really strong results.
Bruce F. Lowthers -- President
Yes. I'd just add on to Gary a little bit here. I think, again, we started this several years ago. We really had a strategy around how we were going to accelerate growth in those verticals, obviously, before Worldpay became part of the organization. And even to the question earlier, we focused on how do we cross-sell. We have this big broad set of assets that we wanted to be able to cross-sell into our client bases. And our teams have really rallied around that. They've done an excellent job of building out the product set, building out how people consume them and put us in a very good position.
As Gary mentioned, our pipeline has been excellent. Sales execution has been at an all-time high. Yet again, after an all-time high last year, Capital Market is same thing, a lot of is pretty crazy. Probably the other comment I would add is, as we've gone through these projects over the last several years, while our capital was originally on data center consolidation and some of those things, as we've come to a close of those, we're taking that capital and redeploying it in new products and accelerating our new products to meet the challenges of our customers.
And we stand today very excited about the opportunities to continue to grow, to continue to cross-sell. We see lots of TAM expansion as we're moving into these markets. So we feel very comfortable that we can continue to grow this business at a very healthy clip.
th 8% on the Banking side, 10% organic on Cap Markets. I know there were some items pulled forward. But can you just touch on, especially the pipeline on the banking side, when you think about how well Modern Banking Platform has been doing and the demand we're hearing about from just end markets and financial services for tech, in general? What kind of growth do you see that potentially being able to generate over the next several years when you see that kind of demand on the banking and the products you offer? And then maybe just quickly touch on the strength in Cap Market's revenue.
Gary Adam Norcross -- Executive Chairman and Chief Executive Officer
Yes. Darrin, I'll start. We'll let Bruce add on to this. I mean, we couldn't be more excited about what we see going on in Banking and Capital Markets, both. I'll remind you, we started this journeyalmost five years ago as we started really embracing cloud computing, and then we started really leaning in on next-generation capabilities that I mentioned when I was talking to Tien-Tsin about and all the investments we've made. So you're now seeing the results of that. Our pipeline continues to grow. You're also seeing record quarters being put up by the sales team in record years, year after year. If you'll remember in Banking, especially, this journey started well over three years ago, and you've seen that growth rate move from low single digits to mid-single digits.
And now it's performing consistently in the upper single digits. So we feel great about the business. We feel great about our solution set. The TAM is very broad because, obviously, we're not just a domestic player in the U.S. We can expand out into international markets as well in global markets. So we've got a really bright future with this group. And frankly, it's where the industry is moving, more importantly. Capital Markets, as I said in my prepared remarks, couldn't be prouder of the team of what they've done. When you go back to 2015, you had a business that was growing about negative 2%.
 We've repositioned the portfolio. We invested heavily in product and solutioning. We started going -- and we expanded outside of traditional customers because what we found is there was a lot of market that needed those kind of capabilities, and you're now seeing the results. That's a very, very clean quarter for Capital Markets. I mean, there was a two percentage point tailwind on license renewals. But once again, what a great part of that business is those licenses are term in nature. And so you get those bumps. But even if you adjust that out, just really, really strong results.
Bruce F. Lowthers -- President
Yes. I'd just add on to Gary a little bit here. I think, again, we started this several years ago. We really had a strategy around how we were going to accelerate growth in those verticals, obviously, before Worldpay became part of the organization. And even to the question earlier, we focused on how do we cross-sell. We have this big broad set of assets that we wanted to be able to cross-sell into our client bases. And our teams have really rallied around that. They've done an excellent job of building out the product set, building out how people consume them and put us in a very good position.
As Gary mentioned, our pipeline has been excellent. Sales execution has been at an all-time high. Yet again, after an all-time high last year, Capital Market is same thing, a lot of is pretty crazy. Probably the other comment I would add is, as we've gone through these projects over the last several years, while our capital was originally on data center consolidation and some of those things, as we've come to a close of those, we're taking that capital and redeploying it in new products and accelerating our new products to meet the challenges of our customers.
And we stand today very excited about the opportunities to continue to grow, to continue to cross-sell. We see lots of TAM expansion as we're moving into these markets. So we feel very comfortable that we can continue to grow this business at a very healthy clip.