Abstract
Overview
Introduction
Core system replacement/ transformation has become a growing strategy for tier
1 & 2 institutions in Europe and ,increasingly, North America as compliance
pressures, need to faster time-to-market and organization agility create a
need to re-vamp the back office. This creates a number of challenges as to how
best tackle the scale and provide future-proof solutions.
Scope
- Covers the European and North American retail banking core systems market
- Areas covered include market challenges, including economic pressures and
the regulatory environment
Report Highlights
The wider macroeconomic environment is placing increasing pressure on banks.
Rising interest rates, inflation and stock market shocks are all contributing
to a more complex market for financial institutions. Banks that have efficient
back office operations will triumph in the long term.
Banks are trying to protect their margins and differentiate themselves as best
they can in a market which is becoming both increasingly competitive as well
as commoditized. As these dynamics intensify, particularly within more mature
geographies, being responsive to market demands is increasingly important.
Depending on a bank' s global footprint, it will face a multitude of
regulations, many of which will impact their core systems strategies, either
directly or indirectly. As a result, multinational banks in particular can no
longer address separate regulations on an ad hoc basis as the volume and
complexity of the requirements are prohibitive.
Reasons to Purchase
- Gain visibility into the dynamics of the retail banking core systems
market;
- Gain market insight to assist in your strategic planning and go-to-market
strategy
View Cart
