Why veteran of a legacy vendor joined core banking startup crowd

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
23 June 2017
American Banker

...For all these vendors,a large hurdle is the fact that for a bank, a core replacement is an expensive, hard and unappealing thing to do. If something goes wrong, people can lose their jobs and the bank can lose a lot of money.

"What does it take to get a bank to be willing to do a core migration?" O'Neill said. "These banks have 20 years of customization work written on top of what was a packaged solution in the 1980s. Sometimes they don't even know what some of this code does, and trying to unpack it all and drag it to the new environment … these bank CIOs just hold their heads."...

Click here for the entire article

News article details

Banking, Corporate Banking, Retail & Business Banking
Media Type
In the News
Asia-Pacific, EMEA, LATAM, North America