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Retail Banking: From Processing Silos To Hubs - Banks Stand To Lose Huge Amounts Of Profit Once Real-time Banking Is Implemented, But They Can Soften The Blow With Global Processing, Says John Bertrand.
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The Banker
- Article date:
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September 1, 2005
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Copyright informationCOPYRIGHT 2005 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Banks are facing a raft of challenges - new regulations, lower margins and increasingly sophisticated customers - while, at the same time, relying on an internal sea of legacy computers and business practices. Could this be the end of banking as we know it?
Luckily, help is not far away. For the first time, there is a commercially available technical infrastructure that enables a bank to offer products anywhere it wants without reproducing itself in its entirety. A bank can now move into another geography without dragging along its IT infrastructure, and be productive within 90 days.
Historically, a bank would create a mini head office operational facility to support ...
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