Latest articles from Fintech

The right set of goals

May 2, 2006

Top-tier banks must modernise their core banking systems if they are to see off non-retail competitors that are positioning themselves to appeal to customers on cost alone. Britta Schnittspahn of BearingPoint Germany explains.

Small and holistic

May 2, 2006

It is not only top-tier banks that can take a truly holistic approach to core banking. Mid-size US bank Bremer can teach something to the behemoths, says Joshua Weinberger.

In-flight maintenance

May 2, 2006

Updating a core system has been likened to fixing an aeroplane’s engine in mid-flight. Competition, regulation and the inflexibility of legacy systems are major obstacles, each of which require investment in time and infrastructure to overcome. Wendy Atkins explains.

Competitive advantage

May 2, 2006

Of all the reasons for replacing core systems, the fact the competition are doing it is the most likely precursor to overcoming board level resistance and unlocking budgets. Martin Whybrow explains.

Economies of scale

May 2, 2006

M&A considerations, namely cutting costs, are becoming a major driver for core system replacement. Heather McKenzie explains.

Time for true transformation

May 2, 2006

Are banks transforming or just transacting? Britta Schnittspahn of BearingPoint, the management and technology consultants, examines the need for financial institutions to change their IT systems’ focus from transactional efficiency to customer management.

Integrated business design

May 2, 2006

In light of lagging customer satisfaction and growing competition within and from outside the financial services industry, banks can hardly afford to stand still.

PayPal is a hard act to follow

May 2, 2006

Banks’ risk-avoiding trait of being lemmings not leaders has left the payments arena wide open for PayPal to build up its $27.5bn business. It seems unlikely that the banks will be able to catch up.By Chris Skinner.

Spreadsheet risk

May 2, 2006

Spreadsheets are vital tools for traders and banks’ back-office staff but their flexibility can weaken governance. Dan Barnes looks at the problems and the potential solutions.

Jim Krause

May 2, 2006

Chicago Mercantile Exchange’s CIO is constantly monitoring the support technology of the US’s biggest futures exchange. The tech function has to cope with growing trading volumes and is also seen as a route to expansion. Dan Barnes reports.

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