Content tagged with Core Systems posted in August 2009
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New UK Entrants Take Different Approaches to Core Banking
New entrants in the U.K.'s retail banking market are taking different approaches to their core banking systems, depending on their size and strategic models.
Freddie Mac Names Bruce Witherell Chief Operating Officer
Freddie Mac names Bruce Witherell Chief Operating Officer; former Morgan Stanley executive will oversee integration across company's three business lines, as well as Operations and Technology division.
Core System Conversions Are Like NASA Spacecraft Launches, But 'More'
What I mean by "more" is that just in the past five years, U.S. banks performed 2,890 vendor-assisted, core conversions as a result of switches to a new core system. Add to that the conversions at 1,877 banks in the same period as a result of bank consolidations, and you've got 4,767 conversions going on at banks, thrifts and credit unions. So 29 percent of all financial institutions went through a conversion in the past five years. That work represents one huge consumption of pain relievers.
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Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.
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