Worlds Leading Banks Replace Core Banking Systems To Stay Competitive
Thought Leadership
Core Banking Systems Survey 2008
Your core banking package evaluation and selection tool
Read moreAlmost all of the top retail banks globally are still using legacy systems dating from the 1960s and 1970s in domestic markets; despite the growth of packaged banking solutions in international operations over the last three decades.
To sustain growth under recent banking pressures and continued regulatory requirements, leading banks are recognizing they need to have the right core banking systems in place.
While a large bulk of package sales are still within tier three and four banks, signs of larger, more strategic decisions are emerging with select tier 1 and 2 players. These players require sophisticated software to be able to process huge quantities of data and also want to gain a ‘single view of the customer’. These drivers are changing the rate of adoption:
- the severity of regulatory requirements and penalties for non-compliance (i.e. SEPA);
- appeal of a component approach (SOA and BPM);
- a strong focus on the industrialization of banking, infrastrucutre and multi-channel enablement;
- availability of global resources to tackle back-office systems;
- the industrialization and move to transaction banking for core banking back office systems.
Capgemini can provide financial institutions with considerable benefits in the area of system selection and implementation, including:
- a broad spectrum of services and in-depth experience of every phase of the system selection process;
- an exceptional track record based on the successful implementation of many different types of package solutions;
- different application maintenance contracts on vendor solutions; leading-edge capabilities closely attuned to current and future industry changes;
- strategic and comprehensive services tailored to the individualized need of each client;
- global services and resources (provided in the Rightshore® offers which combine on-, near and offshore sourcing models), combined with strong regional teams with excellent local delivery capabilities.
To learn more about Capgemini’s core banking solutions, please contact us at pbs@capgemini.com.
The Core Banking Systems Survey 2008
The Core Banking Systems Survey 2008 is based on desk research and interviews with 16 leading package vendors. The survey focuses specifically on core banking solutions for top-tier banks in Europe, North & South America and Asia-Pacific who have a strong position in the world’s top financial markets and require a solution in more than one country.
The survey provides a comprehensive study of current banking package trends and the various core banking systems available today. It also illustrates successful methods for selecting and implementing a package based solution and how it can be organized.
Download this executive guide to assist your bank in efficiently and effectively
narrowing down the search for the right solution provider.
