TITLE

Can You Afford to NOT Replace a Legacy Core?

AUTHOR(S)
Jones, John
PUB. DATE
October 2008
SOURCE
Banking New York;Fall2008 Banking Solutions, p53
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers tips for replacing a bank's legacy core system. According to the article, new legacy systems can be more responsive to a bank's needs than bulkier legacy systems that are expensive to retrofit. James Ziegler, president of Coatesville Savings Bank, suggests that a legacy core should be designed to eliminate repetitive tasks and increase staff productivity. The features of an ideal legacy core system are listed.
ACCESSION #
35067920

 

Related Articles

  • Alliances join forces for upgrades.  // BRW;6/12/2008, Vol. 30 Issue 23, p57 

    The article reports on the formation of alliances in Australia, with only four main companies in core banking software and a worldwide shortage of people who have executed core banking system upgrades. The Commonwealth Bank has contracted SAP and Accenture for a four-year core banking system...

  • BEYOND THE LEGACY. King, Agnes // BRW;6/12/2008, Vol. 30 Issue 23, p56 

    The article reports on the large amount of funds being spent on the upgrade of banking software systems in Australia. It suggests that the systems upgrade may lay the groundwork for new, different services and profits. In May, the Commonwealth Bank of Australia announced a $580 million upgrade...

  • Mortgage Overhaul for Sovereign. Bills, Steve // American Banker;7/21/2004, Vol. 169 Issue 139, p12 

    Examines how Sovereign Bank is taking advantage of the mortgage slowdown to overhaul its origination system. Use of the UniFi Pro Mortgage eX software by the bank; Advantages and features of the new system; Reasons for the update; Timing of the implementation of the new software; Profile of the...

  • Bank system breaks the spreadsheet stranglehold. Annesley, Christian // Computer Weekly;7/18/2006, p5 

    The article reports that Deutsche Bank AG will start using the in-house developed system, called dbArtos, for credit risk and regulatory reporting. A long-term solution to meet the bank's regulatory reporting obligations will be offered by the in-house developed system. The speed and quality of...

  • Putting the Same Program on All Channels. Kapler, Robert // Bank Technology News;May2003, Vol. 16 Issue 5, p30 

    Reports on the development of a browser-based suite software solution for cross-channel automation platform developed by WebTone Technologies Inc. for Citizens Bank. Credibility of the browser-accessible automation system of WebTone Technologies; Architecture and code base of the automation...

  • The Move Toward Service-Oriented Architectures. Garver, Rob // American Banker;7/26/2005, Vol. 170 Issue 142, p14ET 

    Observes that, as banks become more technology-dependent and the software they use more complex, bankers are turning to a new type of information technology infrastructure, known as service-oriented architecture (SOA). Advantages of an SOA system, according to experts; Problems with non-SOA...

  • Hey, ATM: You Talkin' to Me? Krebsbach, Karen // U.S. Banker;Jun2006, Vol. 116 Issue 6, p25 

    The article describes Diebold's Windows-based Campaign Office software which allows banks to personalize their automated tellers with location-based options like screen messaging and segment advertising based on customer demographics. This product enhanced financial institutions' brand and...

  • NCR plans to use ATMs as marketing channels.  // New Media Age;7/29/2004, p5 

    NCR Corp., which supplies 80% of the automated teller machines (ATM) in Great Britain, launched APTRA Relate software to take advantage of banks' migration of their ATM to a Windows platform. This should see cash machines being used as a marketing route for banks. The U.S. firm is pressing ahead...

  • Checkfree, Microsoft, Intuit agree on standard. Clark, Drew // American Banker;1/17/1997, Vol. 162 Issue 12, p1 

    Reports that software companies Checkfree Corp., Intuit Inc. and Microsoft Corp. who are feuding over technical aspects of online banking plan to adopt a common technical standard. Calls from financial services community for consistency and simplicity; Move to cull from separate approaches a...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics