Online Research - Core Banking Systems Case Studies

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Avoid expensive mistakes, learn from the personal experiences of over 66 real-life system replacement projects

Changing a core banking system is probably one of the most complicated and intensive projects faced by IT managers and even the most experienced will approach this task with more than a little apprehension. However, the continual evolution of technology, banking products and regulatory requirements, means a replacement of the core banking system will face every bank sooner or later, regardless of its size, scope of operations and geographical location. 

Nowadays, few financial institutions are taking any route other than to purchase a third party solution. Costs of maintaining bespoke or in-house built systems are proving too high, and the functionality of packaged systems has been continuously growing to encompass all but the rarest banking operation. 

Core Banking Systems Case Studies contains a thorough analysis of the system conversion process based on the real-life experience of financial institutions around the world, starting with selection, continuing through the implementation phases, to going live with the new system, and analysing the outcome.

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This extensive compilation of case studies presents readers with an independent, unbiased view of the challenges faced by each financial institution with due regard to the specific banking and banking systems markets, the economy, legislation and public awareness in relevant geographies. It explains how various problems and difficulties were overcome and how the required results were achieved (or not) so that similar problems can be avoided in the future. The respondents, who were directly involved in the projects and steered them through highs and lows, offer constructive advice throughout each online case study, drawing on personal experience, making this an ideal resource to ensure success and avoid pitfalls.  

There is a broad spread of case study topics covered, from niche activities, such as treasury, consumer lending and asset management, to universal operations (including Islamic banking) encompassing all major banking offerings.

View the 66+ real-life system implementations included >>

Extract: Drivers for implementing a new system

Free previews – see the quality of our content for yourself

Read our free extract article detailing the drivers for change, implementation and selection lessons and outcomes across all the case studies >>

You can also read sample case studies free when you log in. If you haven’t already, simply register free on our website >> to access the sample case studies below, as well as request our free weekly eNewsletters:

• Temenos T24 at North Shore Credit Union
• Oracle FSS Flexcube at Friesland Bank
• Avaloq at Liechtensteinische Landesbank

Once you have been able to review this sample content and have seen the quality for yourself, make sure you order access to our Core Banking Systems Case Studies >>

Essential insight

The research undertaken consisted of interviews with managers of banks/financial institutions which had implemented new core banking systems in the recent past. The officers concerned were top tier executives, IT directors, project co-ordinators and managers – those most influential in the change process.

Each case study covers the following areas:

  
• Drivers: What motivated each institution to change their systems. Was there a strategic objective or were they forced into it for a specific reason? 
• Project profile: Details on the the functionality of the system, its scope and scale.  
• Selection: How they went about selecting the vendor and system, what resources they used, what process was involved and how long it took.  
• Implementation: How they went about implementing the system, how the project was planned, who made up the team, how they worked with the vendor, how they went about data migration, testing the solution and training the users, interfacing it to other applications and again, how long it all took.   
• Results: Finally, each case study explores the results achieved and lessons learnt, and what each institution would do differently if they were to start all over again and advice they would give to their peers, as well as their further projects on the agenda.

Core Banking Systems Case Studies will help make the intricate process of a core system conversion a smoother journey, resulting in fewer mistakes along the way and a more cost-, time- and resource-effective operation – with considerably less stress.

In-depth analysis of the core system suppliers profiled in these case studies, and also of their products, can be found in the Back Office Systems & Suppliers Guide.

Other useful research tools from IBS Intelligence include:

• Retail Banking Systems Market Report >>
• Wealth Management Systems Market Report >>
• Treasury & Capital Markets Systems Market Report >>
• IBS Journal >>

New Online Format: The information you need, how you need it and when you need it.

Unlike print and PDF materials, which remain static, our new online format allows us to regularly update content – including adding new case studies.

• Regular updates and new case studies added – you will be notified by email which case studies have been updated and added
• Unlimited print and copy – ideal for offline use 
• Easy to use – move between case studies with one click
• Keyword search – across the case studies and within each one
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• Simple multiple access – tailored packages for multi-site access anywhere in the world, please contact us at publications@ibsintelligence.com

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