Breaking News and Top Stories
ERI is belived to have recently signed a deal to replace Misys' Midas core system with its Olympic offering at Luxembourg-based Natixis Bank. Meanwhile, it is understood to have come very close to winning at two core sytsem selections elswhere, but lost in the final stages.Read More
Latest Publications Updates
- Back Office Systems Guide
- Islamic Systems Guide
- Payments Guide
- Risk Guide
- 9 October 2013
3i Infotech: Kastle Core Banking, Kastle Treasury, Kastle Asset Liability Management, Kastle Universal Lending19 November 2013
- 20 November 2013
- 27 November 2013
Also in the News
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.
Misys has signed National Bank of Malawi as the first taker in the country for its enterprise risk solution, Misys Global Risk (MGR). The bank has selected the regulatory compliance module to underpin its risk management framework. The data mapping phase is underway and go-live is scheduled for June 2013.
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.
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.
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 >>
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.