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If You're Not Happy With Your Bank's Core System, There Are 101 Solutions Offered by 32 Vendors Who Would Love to Talk to You, Maybe
First, a few definitions for the sake of context clarity -- A "solution" is any brand-name system offered as an in-house system or outsource service, and driven by the owner of the system, or a third party. The group of 32 vendors includes any company that has customers that rely on that company to keep their core system running, but all 32 vendors may not be in the business of selling their system to the entire U.S. population of Financial Institutions (FIs). Thus the reason for the "maybe" in
U.S. Banks Are Talking More About Core Conversions
The new generation of core banking platforms promises to improve agility and customer insight through streamlined systems integration. And intensifying competitive forces increasingly are driving banks to consider core system replacements.
Citi Launches White-Label Settlement Service
Citi's new foreign exchange (FX) service aims to help emerging economies lower settlement risk by settling both sides of the trade simultaneously.
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