Core Banking Modernization

One of the most important steps banks can take is modernizing their core. Here's what you need to know.

  • Is a Legacy Core System Holding Your Bank Back?

    Is a Legacy Core System Holding Your Bank Back?

    Big banks have a big problem. The foundation upon which their technology is built is old, finicky and difficult to maintain. These legacy core systems are ludicrously expensive to replace and...

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  • Why Banks are Separating Product Pricing Management from Core Banking Systems

    Why Banks are Separating Product Pricing Management from Core Banking Systems

    Today’s dynamically changing environment demands agility, flexibility and speed, and all geared towards developing customer-centric strategies, while still maintaining security and reliability.

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  • How to Minimize Risk When Replacing Your Bank’s Core System

    How to Minimize Risk When Replacing Your Bank’s Core System

    Banks are risk averse — and this is a very good thing. They manage the most precious asset a person can have (their wealth) and people tend to want secure, un-fettered access to it. This is rarely...

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  • What Can Financial Institutions Learn from “Basic Economy” Airfare?

    What Can Financial Institutions Learn from “Basic Economy” Airfare?

    A couple of years ago, United Airlines announced a new fare class called “basic economy”, which offers price-sensitive customers its lowest-fare option, at the expense of potential amenities....

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  • Banking is a battlefield

    Banking is a battlefield

    For anyone who wasn’t around for the 80s, any karaoke bar experience virtually guarantees that the Pat Benatar tune “Love is a Battlefield” comes to mind when anything is called a “battlefield”:...

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  • Banking Disruption: Choosing the Right Path Forward

    Banking Disruption: Choosing the Right Path Forward

    Despite the growth of new technologies, the banking industry relies on core legacy systems from decades past. Even those banks with newer systems retain the same core design that marries product...

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  • Core banking innovation: The elephant in the room

    Core banking innovation: The elephant in the room

    What is your bank doing to innovate? Better yet, if your legacy technology can’t keep pace, is innovation a non-starter? What are banks to do?   Feeling the pinch As the diagram below (courtesy of...

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  • Core banking modernization without the risk

    Core banking modernization without the risk

    In a recent piece for Bank Technology News, Penny Crossman highlights a series of strategic initiatives from banks and credit unions around the world to improve pricing capabilities through core...

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  • Declining core banking system deals: The new norm?

    Declining core banking system deals: The new norm?

    Although recent data suggests that banks are weary of replacing core banking systems, the thorny issue of core banking transformation remains. As financial institutions weigh their options, what...

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  • Core banking innovation: Renew, don’t replace

    Core banking innovation: Renew, don’t replace

    Happy New Year! As we hit the ground running in 2014, bankers face a new set of increasing demands and expectations, from meeting revenue targets and improving the customer experience to...

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  • Getting More from the “Core”

    Getting More from the “Core”

    Fostering transparent and profitable banking relationships Let’s face it. The status quo in banking is no longer an option. For years, banks have lived off the margin between the rate at which...

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  • Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 5

    Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 5

    (This is the fifth and final installment in a five-part series on the challenges that core banking systems need to overcome in order to deliver enhanced profitability. For the complete picture,...

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  • Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 4

    Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 4

    (This is the fourth installment in a five-part series on the challenges that core banking systems need to overcome in order to deliver enhanced profitability. Go back and read...

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  • Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 3

    Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 3

    (This is the third installment in a five-part series on the hurdles that core banking systems need to overcome in order to deliver enhanced profitability. For the first and second...

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  • Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 2

    Legacy Core Banking Systems – 5 Hurdles to Profitability – Part 2

     (This is the second installment in a five-part series on the hurdles that core banking systems need to overcome in order to deliver enhanced profitability. For the first installment, click here.)...

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