Enterprise Transformation / Re-engineering
See below for a list of independently written IBS Journal news and feature articles and IBS Intelligence Research vendor profiles, case studies and market analysis related to Enterprise Transformation in order of publication date.
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Article: Atos to carve out Worldline payments business but does not intend to sell it
29 April 2013
French IT services firm, Atos, is set to carve out its Worldline payments and merchant transactions division as it aims to become a more competitive player in the European market. The restructuring is due to be completed in July 2013. There have been...
Article: DGCX completes IT overhaul
15 April 2013
Dubai Gold and Commodities Exchange (DGCX) is getting to grips with its new trading platform from Swedish provider, Cinnober. The system, dubbed EOS Trader, provides DGCX's brokers with a new front-end option, as well as new clearing and matching...
Article: Case study: Banco Improsa – Great expectations
04 April 2013
Being a small player is not at odds with having great business ambitions, but it can require a major technology overhaul. IBS talks to Banco Improsa in Costa Rica about how and why it decided to achieve this as a pioneer taker of US-based...
Article: Analysis: Faster Payments – In the fast lane
04 April 2013
What are the implications for banks' internal systems and processes as the world moves towards Faster Payments? The best place to look is the UK, given it has had Faster Payments for almost five years.
Article: Case study: Burgan Bank Group – Same but different
03 April 2013
Burgan Bank Group is attempting to standardise its operations by rolling out the ICS Banks core banking platform from Jordan and UK-based vendor, ICSFS. The system is live in one of the six banks within the group, and projects at three more are...
Article: Alaric secures first win in Indonesia
02 April 2013
UK-based payments processing provider, Alaric, has gained a new taker of its Authentic platform at the Indonesian subsidiary of a large Netherlands-based bank. This is believed to be Rabobank Indonesia, which is also implementing the Temenos T24...
Article: Coast Capital Savings CU goes live with T24
15 February 2013
Coast Capital Savings Credit Union, the second largest credit union ($13.5 billion in assets) in Canada, finally goes live with a new system, Temenos' T24. Meanwhile, the vendor has signed two more T24 takers in Canada, one of which is Canadian...
Article: Indusind Bank progresses with major IT overhaul
15 February 2013
Indusind Bank in India continues its enterprise-wide technology revamp with the selection of Calypso for treasury services. The project is in its initial stages and the bank hopes to begin implementation later this year. This follows the recent...
Article: Central Bank of Mauritania embarks on new system search
15 February 2013
Central Bank of Mauritania (Banque Centrale de Mauritanie, BCM) is looking for a new core system and a project manager to assist with the system selection and implementation.
Article: Case study: Rizal Commercial Banking Corporation – The road less travelled
30 January 2013
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...
Article: How To Run A Core Banking Project Supplement 2013
30 January 2013
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,...
Article: Spotlight: Training – Train to gain
30 January 2013
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...
Article: No magic, no waves, no hype, just facts
17 January 2013
The internet is a wonderful thing. It has transformed the research landscape forever and opened up the highly specialised financial technology and core banking market to a tidal wave of content. But if you are using data that is biased and/or...
Article: Ratnakar Bank in India live on Finacle from Infosys
16 January 2013
Infosys' Finacle is Ratnakar Bank's new centralised core platform that, the bank believes, 'will take it to the next level'. Finacle has replaced the decentralised IT set-up based on the TC4 core banking offering from CMC, a subsidiary of Tata...
Article: End of Year Review 2012
20 December 2012
As 2012 drew to a close, IBS Journal rounded up the significant developments of the international banking software industry, highlighting major achievements, dubious accomplishments, key mergers and acquisitions, as well as regulatory changes that...
Article: Islamic Banking Focus: Case study – United Arab Bank
03 December 2012
United Arab Bank has implemented Misys' Equation core banking system to broaden its business, including opening an Islamic window. While hardly the newest system on the market, this IBM iSeries-based workhorse has a long track-record of serving...
Article: Interview: Tony Prestedge, Nationwide Building Society
03 December 2012
The world's largest building society, Nationwide, has had a fraught few years implementing its new core banking system but it now looks ready to reap the benefits, which could in turn put pressure on its UK competitors. IBS talks to the society's...
Article: Vendor spotlight: SAP – What's the verdict?
28 November 2012
SAP claims it is fully committed to a successful project at Compartamos Banco in Mexico and to greatly improving its delivery in banking as a whole. The jury is still out but it is making the right noises.
Article: BIAN adds Erste, Bangkok Bank, TCS and Axxiome as members
08 November 2012
The industry initiative, BIAN, has gained a couple of additional banks as members, comprising Bangkok Bank (its first in Asia) and Erste Bank. Also coming on board is TCS Financial Solutions and consulting company, Axxiome. BIAN has also signed a...
Article: About the Risk Management Systems & Suppliers Guide
06 November 2012
Risk management is clearly to the forefront in most banks and is an area for investment. Written entirely by IBS, this new guide is totally independent, enabling readers to understand the drivers and options for moving to an enterprise architecture t...
Article: In-house system users
06 November 2012
This section provides the results (summary tables and data sets) to the following questions posed to respondents using in-house systems:What is your in-house system’s main functional scope?When was the in-house system...
Article: Package system users
06 November 2012
This section provides the results (summary tables and data sets) to the following questions posed to respondents using package systems:What is the system’s main functional scope?When was the system developed?What...
Article: Replacement plans
06 November 2012
This section provides the results (summary tables and data sets) to the following questions posed to all respondents:Do you have any plans to replace your core system?What will this replacement programme be?When do you...
Article: Other system replacement plans
06 November 2012
This section provides the results (summary tables) to the other systems respondents have (from the list below), any plans to change and what is behind those decisions:Financial Accounting - Retail Payments - Retail Lending - Retail...
Article: Interview: Massimo Arrighetti, SIA
18 October 2012
After a two-year overhaul, SIA, Italian payments system provider, is moving ahead in the European marketplace. At its seventh annual conference, SIA Expo 2012, the vendor unveiled its latest research and developments in the e-payments arena.
Article: BNY Mellon in global payments software overhaul
17 October 2012
BNY Mellon is halfway through a major project to build an Enterprise Payments Hub (EPH), to centralise payments activity across all currencies, channels and geographies. Clear2Pay's Open Payment Framework (OPF) will underpin this.
Article: Interview: David Gledhill – DBS
08 October 2012
IBS talks to DBS Bank's head of global technology and operations about its core banking systems projects, the role and value of the bank's IT team, the downside of system integrators and the threats and opportunities of new channels.
Article: Banking System Selection: Factors To Consider
02 October 2012
Too often system selection is based on simplistic directives – 'I want a new system which does X, and I don't want to pay a fortune for it!' If the focus of the selection is purely on replicating existing functionality and the cost of the initial ...
Article: Banking System Selection: Lessons From Actual Banking Systems Projects
02 October 2012
On an ongoing basis, IBS follows the progress of banks implementing new back office systems. We ask about the drivers for their projects, how they went about selecting the system chosen, the implementation project, the lessons, what they would...
Article: Banking System Selection: The Selection Team
02 October 2012
The size and composition of the selection team will depend on the size of the bank and the scope of the project. The important thing is to ensure that all parties that will be impacted by the new system will be given the opportunity to have...
Article: Banking System Selection: The Four-Phase Approach
02 October 2012
Selection itself is an investment in time and money; it also involves the engagement of vendors and partners, and a poorly-defined project can hinder the development of important relationships. The classic selection process consists of four...
Article: Banking System Implementation: Planning, Risks and Tips
02 October 2012
A good starting point is to identify the risks that were identified during the selection process. Indeed, a lot of knowledge and groundwork should have been completed and the more those involved in the selection can be moved seamlessly into the...
Article: Banking System Implementation: Planning – The People Aspects
02 October 2012
So, the selection has been completed, now onto the implementation. This point is a good moment to take stock and analyse the changing challenges which will now arise. Before starting out, there is also the question of who is most appropriate as...
Article: Banking System Implementation: Business Ownership, Buy-In and Communication
02 October 2012
Core banking system projects fail most often because of people issues rather than technical ones. For the project manager, it is of vital importance to gain early and sustained buy-in from senior management down to end-users, plus all other...
Article: Banking System Implementation: The Key Role of the Business Process Workstream
02 October 2012
The Business Process Workstream is an important but sometimes neglected one. It needs to be set up at the start of the project and needs to receive full attention and adequate staffing. It faces some fundamental challenges and the results of...
Article: FREE PREVIEW - Banking System Implementation: Training
02 October 2012
A core banking system replacement project is similar to an orchestra, in that all workstreams must work together and deliver to specification for the project to be successful. If training is ineffective, staff can experience problems post go-live,...
Article: Banking System Implementation: MI and Regulatory Reports
02 October 2012
Prior to starting a core banking system replacement project, a bank will have a comprehensive set of MI reports which support day-to-day operations and meet all regulatory returns. It would therefore appear that the role of the MI reports...
Article: Banking System Implementation: Data Cleansing and Migration
02 October 2012
Data migration, cleansing and enrichment is a core seam running through any core system replacement project, but it is difficult to get right and can have embarrassing consequences if it goes wrong. When talking to banks post-implementation, it is...
Article: Banking System Implementation: Managing Testing in a Core Banking System Replacement Project
02 October 2012
Testing is another area that can be underestimated and that, fundamentally, banks often get wrong. It has many dimensions to it, spanning both processes and technology. And as with quite a number of other project workstreams, testing is hindered by...
Article: Banking System Selection: Contract Negotiations
02 October 2012
The contract should have its roots in the original business case, should evolve during the selection, and should encapsulate the detail of the implementation and its associated risks. It should then not gather dust but should remain as a relevant...
Article: About the How To Select & Implement A Universal Banking System Guide, plus FREE preview
02 October 2012
This new guide offers in-depth and unbiased advice on how to plan for a successful system selection and implementation - anticipating issues, exploring potential barriers, and highlighting proven best practice along the way.
Article: Banca Transilvania nears Flexcube go-live
21 September 2012
Banca Transilvania is preparing to go live with version 11.1 of the Flexcube core banking system from Oracle FSS. The project is running late and has been ‘very stressful', says the bank's COO.
Article: Successful project management: Testing
03 September 2012
In the fourth of our in-depth looks at core system replacement project issues (following on from our analysis of
Article: Bank of Agriculture seeks a new core banking system
16 July 2012
Nigeria-based Bank of Agriculture (BOA) is in selection mode. Core banking software modernisation is part of a wider transformation programme at the bank.
Article: CFT – CFT-Bank – Universal – MTS Bank – Russia
02 July 2012
New case study added in our Core Banking Systems Case Studies publication: MTS Bank (formerly Moscow Bank for Reconstruction and...
Article: Nationwide plans new current account launch on SAP
27 June 2012
Nationwide Building Society is planning to launch a new type of current account later this year on version seven of SAP's Deposits Management core banking offering. Details about the product are currently confidential.
Article: Bank of Beirut opts for Bankfusion from Misys
19 June 2012
Lebanon-based Bank of Beirut is modernising its technology at home and globally with Misys' Bankfusion Universal Banking, Trade Innovation, and Misys Sophis' Value and Risque solutions.
Article: BIAN official membership figures 'not on track' admits executive director
07 June 2012
New members are waiting in the wings as BIAN forges industry partnerships. It is set to deliver its latest Service Landscape later this month.
Article: Case study: Old Mutual – Stone three
06 June 2012
When Old Mutual started out on a legacy renewal project in its treasury, it changed three core systems and much more besides. Did it all go smoothly?
Article: National Bank of Rwanda chooses Temenos T24
06 June 2012
Having set out to find a new core banking system in 2010, Rwanda's national bank has chosen T24. It is currently looking for a project manager.
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