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Avoid expensive mistakes, learn from the personal experiences of 50+ real-life system replacement projects

Making changes to any core banking system is one of the most challenging and intensive projects faced by IT managers. The continual evolution of technology and banking products, and the weight of new regulatory requirements, means a replacement or upgrade of the core system will face every bank sooner or later, regardless of its size, scope of operations and geographical location.

Core Banking Systems Case Studies is a compilation of over 50 real-life banking system implementations drawing on the personal experiences of top-tier executives, IT directors, project co-ordinators and managers from financial institutions around the world. This extensive online compilation of independently researched case studies presents an unbiased view of the challenges faced by each financial institution, and the outcomes.

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.

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.

It constitutes 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.

African market has historically been seen as a follower in the banking technology space. However, the advent of mobile and digital banking has created a new era of services and opportunities for industry players. Considered to be a relatively under developed market, the potential for international suppliers in this market is quite high.

The challenges of implementing a core banking solution in a relatively young market could be very different from that of more advanced markets. This is not only because that the demand and requirements are different, but also given that an emerging market has its own flavors and aspirations.

This compilation of Core Banking Systems Case Studies focuses on such projects across five different suppliers and banks in Africa.

It 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 analyzing the outcome. It also presents readers with an independent, unbiased view of the challenges faced by each financial institution.

The case studies cover in detail the following areas:

• Reasons and drivers for change
• Project profile
• System selection
• Implementation phases
• Challenges and lessons learnt
• Results and advice

This publication from IBS Intelligence 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.

Asian markets have always had their vibrancy, colour and variety in the banking and technology space. Be it the timeline or be it the costs/size of the project, they have been quite distributed across the spectrum.

Particularly, the continual evolution of technology, banking products and regulatory requirements of these markets, means a periodic review of the core banking system are a necessity, regardless of the size and scope of operations of the bank.

This compilation of Core Banking Systems Case Studies focuses on such projects across five different suppliers and banks in Asia.

It 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 analyzing the outcome. It also presents readers with an independent, unbiased view of the challenges faced by each financial institution.

The case studies cover in detail the following areas:

• Reasons and drivers for change
• Project profile
• System selection
• Implementation phases
• Challenges and lessons learnt
• Results and advice

This publication from IBS Intelligence 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.

European markets have always had a very different set of challenges from the rest of the world. Seen as a confluence of rich history and also as a lab for technological innovations, European banks are quite different from their global peers. The profile, history, reach, sophistication and requirements of European banks vary from the Eastern bloc to Western Europe, and from the Scandinavian to the Mediterranean. The banking technology implications of macroeconomic and socio political developments – be it in the EU or be it the Brexit, have always had an influence on the banking platform requirements.

This compilation of Core Banking Systems Case Studies focuses on such projects across five different suppliers and banks in Europe.
It 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 analyzing the outcome. It also presents readers with an independent, unbiased view of the challenges faced by each financial institution.

The case studies cover in detail the following areas:

• Reasons and drivers for change
• Project profile
• System selection
• Implementation phases
• Challenges and lessons learnt
• Results and advice

This publication from IBS Intelligence 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.

The US and North American market has in many ways been a pioneer in driving technology adoption. More than 50% of global FinTech investments are in the US. The share of banking IT spend in the US market are more services oriented unlike their European and Asian peers who have a higher share of software investments, reflecting the preferences of a large community banking oriented market.

This compilation of Core Banking Systems Case Studies focuses on such projects across five different suppliers and banks in North America.

It 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 analyzing the outcome. It also presents readers with an independent, unbiased view of the challenges faced by each financial institution.

The case studies cover in detail the following areas:

• Reasons and drivers for change
• Project profile
• System selection
• Implementation phases
• Challenges and lessons learnt
• Results and advice

This publication from IBS Intelligence 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.