How to Run a Core Banking Project

IBS Journal | How to Run a Core Banking Project

A lot has been written on a wide range of aspects of running a core banking project and these subjects have been discussed at length more than once at various banking technology events, and yet the projects still fail, costing all participants time, money and reputation. Heads roll and as one banker pointed out to IBS: 'It is very interesting to see the statistics of changes of the IT management in banks that have started core banking transformation projects. Usually, once a year an IT guy or an operations guy gets sacked. There has to be some correlation, obviously.' Read more >>

IBS Journal | How to Run a Core Banking Project

Core banking technology is constantly modernising and evolving, but the process of throwing out the old system and bringing in the new seemingly is not. IBS looks at the trials and tribulations of core banking implementation projects.

IBS Journal | How to Run a Core Banking Project

Selecting the right training approach for a core banking implementation is a significant and challenging dimension for any project. For Ratnakar Bank, the importance of training was magnified due to the cultural diversity and vast geography of its India-based operation.

IBS Journal | How to Run a Core Banking Project

Standard Chartered relies heavily on its in-house team for technology needs, and when it comes to core banking software, the bank strongly believes that its own system – eBBS – is more advanced and has more to offer than the systems supplied by specialist providers. IBS talks to the bank to find out the details.

IBS Journal | How to Run a Core Banking Project

ATB Financial in Canada has had a fraught few years implementing the SAP for Banking suite. The project, initiated in spring 2008, experienced delays and budget swelling, but is now complete and the bank is benefiting from the IT transformation in more ways than one. IBS talks to ATB's COO, Curtis Stange, about what went right… and what went wrong.

IBS Journal | How to Run a Core Banking Project

Going against the trend of the market place can be challenging, particularly for a large bank. IBS talks to BBVA Compass, a US bank with $65 billion in assets and a place among  the 20 largest banks in the country, about its experience with a non-US system.

IBS Journal | How to Run a Core Banking Project

Rizal Commercial Banking Corporation (RCBC) in the Philippines took a different approach to most when it selected its core system and this had benefits and challenges further down the line when it came to the implementation. However, it successfully cut over with Infosys' Finacle, with few problems despite being the first with this system on the IBM mainframe.