Abstract
This Financial Insights report looks at the core banking transformation of
Principal Bank (member company of insurance giant Principal Financial Group) to
support its journey from de novo to more than $1.3 billion in just eight years.
Additionally, Principal Bank deployed a sophisticated middleware environment to
support its diverse product and service offerings as well as business and
strategic objectives.
"Middleware integration solutions are becoming increasingly important to banks
looking to link disaggregated systems and increase flexibility within the core
banking environment," remarks Karen Massey, senior analyst, Consumer Banking
and Credit, Financial Insights. "Principal Bank recognized the wealth of
opportunities within its parent company, Principal Financial Group, and
selected a solution to support the bank' s strategy to quickly capitalize on
these opportunities."
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