The State of Core Banking Systems Transformation

Sponsored by Intel
Tags: Bank / Credit Union, Bank Automation, Mobile Banking, Software
Type: White Paper
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Following the recent financial crisis, core banking systems renewal has become a game changer. Core systems form the very foundation of banks' ability to manage daily business, conduct transactions, service customers and meet changing regulatory mandates. With technology evolving so rapidly, banks running core systems that are even just a few years old may struggle to run efficiently, quickly introduce products to market and comply with regulations. And modern core banking systems are essential for handlingthe proliferating use of online and mobile channels.

Read this paper, sponsored by Intel, to see why though many banks acknowledge that they are challenged and held back by their existing core banking systems, nearly half of financial firms surveyed said they have no plans to transform, upgrade or replace these aging systems. Learn why these institutions may be short-sighted in their approach and get the questions to ask a prospective core banking systems vendor, including:

  • What is the vision of where the bank wants to be in the future?
  • How does the functionality meet the bank's needs today?
  • What has the vendor done in the past five years to improve its system?
  • Is the vendor likely to continue to improve the system?