Latest articles from Technology

Retail banking spurs IT drive

April 5, 2004

Despite the global economic slowdown of the past few years, consumer banking services have kept pace in terms of total revenues and profits compared with banks’ other lines of business. A sample of large US and international banks with diversified business shows that retail banking products and services profits accounted for $184bn, representing an average of 54% of the total for 2003.

Barriers to change

April 5, 2004

While most banks know their core systems are overdue for replacement, the dual obstacles of high cost and high risk are preventing them from taking the plunge. 

Adapting core systems

April 5, 2004

The demands of competition and regulation mean banks need to be poised for action. Their core systems must be able to evolve with industry changes, says CSC’s Anita Bradshaw.

What’s directing modernisation?

April 5, 2004

Until now, reducing costs and improving flexibility have driven the development and change of core banking systems. However, the burden of new regulations is also putting pressure on banks to unify their customer and product data.

Packaged for convenience

April 5, 2004

Core banking system replacement is risky and complex but is an increasingly likely scenario for banks. Like their smaller peers, larger institutions may need to opt for packaged solutions to keep costs and time-to-market down.

One-stop mentality drives consolidation

March 3, 2004

The desire to source technology solutions from one vendor rather than several is on the rise among banks and this is helping to feed an M&A trend, believes Jim Wilson, president of the international division at Fidelity Information Services. Interview by Michael Imeson.
It is not so much an acquisition trail as a voyage of conquest. Fidelity National Financial (FNF), number 326 in the Fortune 500, has picked up five US banking technology companies in the past 12 months and is on the look out for more.

Two way street

March 3, 2004

A potential trade spat between the US and Indian governments could threaten the bright future of offshore outsourcing, says Kala Rao.

SWIFT cannot afford to be slow

March 3, 2004

Banks’ transition to SWIFTNet may lead to SWIFT’s role being called into question as it could become just another software vendor competing with others. It will have to change its culture quickly if it wants to survive, says Chris Skinner.

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.