Core Banking Blog

Web Site: http://www.corebankingblog.com/


Too Many Clouds on the Horizon?

April 3, 2014
Too Many Clouds on the Horizon?

Cloud is great.  I like cloud.  It’s a way to jettison some aspects of IT that allow for some very tedious things to be taken care of in a way that is simple.  What’s not great is chaos, chaos is no fun, and cloud chaos is even worse because it is so easy to...
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Where to Turn with The Internet of Things?

February 27, 2014
Where to Turn with The Internet of Things?

  Disruption is the new normal in most industries and certainly this has been the case for financial services.  The world of channels alone has been explosive, as has analytics and the world of data.  Data, automation and customer interaction have all changed significantly in the last ten years — and this will continue...
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Here is a Data Approach that is Helping Financial Services Firms do More with Less

February 23, 2014
Here is a Data Approach that is Helping Financial Services Firms do More with Less

Banks are under siege and it looks like this is the new normal — many new entrants are emerging and focusing on the most lucrative areas of banking.  Banks are also under pressure from regulators and while not new these increasing requirements are added on top of everything else.  Most of the people who...
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Headlights, Badges and Bumpers: Banking Product Platformization

October 27, 2013
Headlights, Badges and Bumpers: Banking Product Platformization

One of the questions that I often ask banks undertaking major change programs is “Why are you doing this?” — it seems like a simple question but it can often be difficult to answer succinctly because of the number of mandates and often competing objectives assigned to these initiatives. A great answer is often...
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Small Data – Big Data – The Relevance of Real Time

September 9, 2013

“Big Data” is a big term; probably one that is used too much. Wikipedia defines “Big Data” as “data sets with sizes beyond the ability of commonly used software tools to capture, curate, manage, and process the data within a tolerable elapsed time“. Tolerable elapsed time – what does that mean? When I was a kid...
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5 Examples of Where Banks Have Missed the Mark with SOA

July 16, 2013
5 Examples of Where Banks Have Missed the Mark with SOA

Oh the heady days of 2006 – when everything was possible and it seemed that by only adding one more layer of abstraction all problems would disappear. I’ve heard mixed reactions to SOA in financial services, but still believe in the approach.  I just think that many organizations believe that they have achieved a...
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The iBank of Apple: Arguments for and against Apple entering retail banking

June 11, 2013
The iBank of Apple:  Arguments for and against Apple entering retail banking

Apple is now a major retail payments processor with 575 million iTunes accounts and one click payment capability.  That they highlighted this in yesterday’s worldwide developer conference is possibly a warning shot of sorts to the banking industry. Ok, I admit it – I am in pretty deep with Apple gadgetry.  I’ve got the...
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The Love/Hate Relationship with Legacy Systems

May 29, 2013
The Love/Hate Relationship with Legacy Systems

I understand.. you hate your legacy platform.  This acrimony has built up over years and now even the sight of an estimate with the legacy platform included is enough to send you over the edge.  It’s too difficult and expensive to change – too brittle – and it just doesn’t understand the modern way...
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Why Expertise Matters in Core Banking Transformation

May 6, 2013
Why Expertise Matters in Core Banking Transformation

Core banking transformation programmes done well are a heart surgery on the bank, removing the dead tissue and replacing it with healthy vital organs.  Done poorly, these programs are absolute buffoonery with practitioners not able to tell the difference between the healthy and the dead organs — and with the sharpest tool being a...
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Preparing for the Challenges of a Core Banking Conversion

April 4, 2013
Preparing for the Challenges of a Core Banking Conversion

Boarding the proverbial locomotive of a core banking system conversion is not intended for the ill-prepared organization. It is intended for the organization equipped to renovate its core operating mechanics in order to achieve true and measurable improvements for its customers, employees, and profitability. That it is considered to be one the ‘mother-of-all’ types...
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