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Solution Guide to International Retail Banking Core Systems
Ovum, Feb 2011, Pages: 52
Introduction
This Solution Guide analyzes the leading vendors that target the worldwide market for retail banking core systems replacement. Based on analysis of their market impact, together with the strength of core system functionality and assessment of underlying technology, it positions and profiles the top vendors to assist banks in making their selection.
Features and benefits
- Accelerates the decision-making process for core system selection
- Understand vendor strength and weakness across geography, bank tier, business functionality, and technology
- Analysis of the main trends in core system platform development from both a functionality and underlying technology perspective
Highlights
In addition to the ability to support business-process optimization, the strength of underlying technology architecture has become a stronger criterion in core system selection. Banks are keen to avoid the problems stemming from monolithic inflexible systems from previous generations as well as vendor lock-in to specific technology platforms.
Most vendors have moved to support a broader set of hardware platforms and developed their main platforms to an n-tier architecture over the last decade. However, the maturity of development around SOA (particularly with respect to live deployment of SOA versions) is currently more mixed between vendors.
Your key questions answered
- Which vendors should my bank focus on in core selection?
- What are the key criteria my bank should consider in core selection?
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