Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/123456789/10700
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dc.contributor.advisorJayadev, M
dc.contributor.authorAgarwal, Amit
dc.contributor.authorAgarwal, Vikas
dc.date.accessioned2017-10-04T09:57:40Z
dc.date.accessioned2019-03-18T08:44:05Z-
dc.date.available2017-10-04T09:57:40Z
dc.date.available2019-03-18T08:44:05Z-
dc.date.issued2008
dc.identifier.urihttp://repository.iimb.ac.in/handle/123456789/10700
dc.description.abstractBanking Industry is becoming highly commoditized and most global banks operate in a saturated market. Banks are required to increase their efficiency to reduce their operational expenses and offer new features to differentiate their offering in market. Core banking software product suite based on the latest technology helps a bank to develop, process, and efficiently manage the financial products and services. But it is not an easy decision for banks to replace their existing core banking solution. There are several risks involved related to replacement of bank s incumbent core banking solution that includes credentials of prospective core banking solutions, technical and domain capabilities of the vendor, unknown fear of losing any vital data during migration etc. The analysis of four major CBS solutions has been done in this report based on sixteen broad parameters. These parameters are selected based on their criticality to address the banking challenges. Based on our study we inferred that every CBS product have some pros and cons. Banks looking to go for a new CBS installation or replacement of their incumbent CBS system should first look at their needs and critical challenges they want to address through the new CBS solution. Based on their requirements bank should choose the CBS solutions that fits best as per their requirements. Banks have started looking at the integration of their various banking, non-banking and allied services under one umbrella named universal banking in order to provide better services to their clients and reduce their operating cost. More and more banks are looking to provide universal banking services in future and the expectation from the bank is that IT vendors should upgrade their CBS solution to provide the integrated, cost effective universal banking solutions.
dc.language.isoen_US
dc.publisherIndian Institute of Management Bangalore
dc.relation.ispartofseriesPGSEM-PR-P8-028-
dc.subjectBanking
dc.subjectInformation technology
dc.titleCore banking solutions: survey of existing IT products
dc.typeProject Report-PGSEM
dc.pages53p.
dc.identifier.accessionE31869-
Appears in Collections:2008
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