Core Banking Solutions for Small Banks
Small banks are most likely to upgrade core systems.
Core banking systems are the heart of a bank. All transactions move through core systems, which, at an absolute minimum, must remain running and responsive during business hours. Increasingly, these systems are running 24x7 to support Internet banking, global operations, and real time transactions via ATM, Internet, phone, and debit card. In a new report, , Celent compares the range of solutions available to small banks looking to revamp their core systems.
"This is the most diverse part of the market. We find 30-year-old COBOL-based mainframe solutions competing against modern fourth generation language (4GL), Windows, and Unix based systems," says Bart Narter, author of the report and senior analyst in the banking group at Celent. "These vendors are true partners to their core banking customers. Small banks rely on these vendors for nearly all of their technology needs."
This report is the fourth in a series on core banking. The first report,Overcoming the Fear Factor: Migrating Core Banking Systems, April 2006, provides an overview of the core banking landscape and includes a case study in North America. The second report is Global Core Banking Solutions for Large Banks, May 2006, and the third report is Global Core Banking Solutions for Midsize Banks, July 2006.
Subsequent reports will include: Core Banking Solutions, Core Banking: A US Perspective, Core Banking: A Global Perspective, and Core Lending Systems.
The 66-page report contains 14 figures and 27 tables. A table of contents is available online.Members of Celent's Wholesale Banking research services can download the report electronically by clicking on the icon to the left. Non-members should contact firstname.lastname@example.org for more information.