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Going From Pain to Gain With Core Banking Swap Outs.
- Article from:
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Bank Technology News
- Article date:
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June 1, 2008
- Author:
- Sraeel, Holly
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Copyright informationCOPYRIGHT 2008 SourceMedia, Inc. 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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The industry has been talking about the need for institutions to replace core banking systems for years. In 2003, Celent forecast that the worlds 100 largest institutions would spend more than $14 billion on such projects within two years. Some did, but the pain that ensued and the mixed results were enough to dampen the enthusiasm of most. Simply put, it was just easier to cope with existing core banking systems.
Five years later, core banking replacement is again on the lips of many CIOs. Yet some would argue little has changed since 2003. Most players concede that such a move is desirable and considered more strategic today than in years past. So why dont more banks take ...
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TEMENOS named a leader among core banking vendors by leading research...
M2 Presswire;
February 13, 2007 ;
691 words
......the provider of integrated core banking systems, today announced that Forrester...TEMENOS T24 is one of the core banking systems to choose when multi-channel...provider of integrated modular core banking systems to over 500 financial institutions...
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Supplement: Core Systems - Out With The Old, In With The New - Retail...
The Banker;
March 1, 2003 ;
Imeson, Michael;
787 words
......you want proof that the old core banking systems of retail banks have had...them are still using old core banking systems. Christine Barry, an analyst...route, on the basis that core banking systems are, by definition, responsible...
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Replacing your core system.(News)(core banking industry )(Brief Article)
Australian Banking & Finance;
November 28, 2003 ;
171 words
...COMPETITION IN THE GLOBAL core banking industry is becoming increasingly...expects global spending on core banking systems will skyrocket to $80...also spurring spending on core banking systems in Europe. While North...been hesitant to replace core banking ...
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Comment: Oracle Acquisition Shakes Up Core Banking Market - The Software...
The Banker;
September 1, 2005 ;
278 words
...The core banking marketplace has been ignited with the news that...application space, SAP, has been active in the core banking area for more than eight years and offers its own solution (see the 'Core Banking' supplement in this issue) and Oracle's challenge...sales (36) in 2004, ...
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Special Supplement: Real-time Core Banking - Change For The Better -...
The Banker;
July 1, 2004 ;
712 words
......the leap and changed their core banking systems. Choosing a core banking...market. While the change of core banking systems is not unique, BPM's choice...platform on which to develop its core banking systems, as well as its branch systems...
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Temenos to acquire core banking assets of Informer Group.
Telecomworldwire;
July 21, 2008 ;
254 words
...TELECOMWORLDWIRE-21 July 2008-Temenos to acquire core banking assets of Informer Group(C)1994-20...TEMN), a provider of integrated core banking systems, announced on Friday (18 July...signed an agreement to acquire the core banking assets of Informer SA, a provider of software ...
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SlaterLabs to Build Next-Generation Core Banking System Entirely on...
PR Newswire Europe;
June 1, 2006 ;
787 words
......European banks are using core banking systems designed in the 1980s. These...decide to upgrade or move core banking systems. That is why we are planning...with replacing or migrating core banking systems. The Etude Programme will...
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i-flex solutions and IBM Launch Core Banking Software on IBM Platforms.
PR Newswire;
November 9, 2004 ;
787 words
...FLEXCUBE(TM) for Core Banking on Open Standard...i-flex's core banking suite on a...FLEXCUBE for core banking. FLEXCUBE is...and flexible core banking solution designed...FLEXCUBE for core banking runs on IBM...flexibility from core banking ...
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Special Supplement: Core Banking - Time For True Transformation - Are...
The Banker;
May 1, 2006 ;
Schinttspahn, Britta;
787 words
......Transformation is nothing new in the banking sector. For decades, bankers...technology in general, and on core banking systems in particular, and the related...making major changes in their core banking architecture as precious...rush in, the demands on core banking ...
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A raft of new clients selected TEMENOS core banking solution this year.
M2 Presswire;
August 10, 2004 ;
476 words
......clients selected TEMENOS core banking solution this year(C)1994-20...provider of integrated core banking systems, today announced that more...signed for its flagship core banking solution, TEMENOS T24...of integrated, modular, core banking systems to over ...
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