Core Banking Blog

Core banking transformation programmes done well are a heart surgery on the bank, removing the dead tissue and replacing it with healthy vital organs.  Done poorly, these programs are absolute buffoonery with practitioners not able to tell the difference between the healthy and the dead organs — and with the sharpest tool being a...
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Boarding the proverbial locomotive of a core banking system conversion is not intended for the ill-prepared organization. It is intended for the organization equipped to renovate its core operating mechanics in order to achieve true and measurable improvements for its customers, employees, and profitability. That it is considered to be one the ‘mother-of-all’ types...
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Doing all of these five things well will not guarantee success, but they will provide a solid footing for your program and avoid major structural challenges that will certainly lead to strife if not failure. This is the age of the infographic:  key information presented as clearly and quickly as possible.  Infographics force the...
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Why is it that when people think about core banking transformation programs an image of “Dr. Evil” comes to mind? There are varied reports for the cost of core banking transformation – I have personally seen smaller investments as well as significant sums allocated to these projects.  Of course, there are various budget sizes...
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  I was out for dinner the other night with an old friend whose opinion and guidance related to marketing I consider invaluable. I gave him an elevator pitch on a new social media solution I have been working on to customize for retail and commercial banking. As I hoped his eyes got wide,...
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    I consider myself a Core Banking Transformation Expert. There is no school for it, no degree that can be obtained, and currently no regulating body to assign a designation and develop a body of knowledge. Expertise, in the case of core banking transformations, can, at this point, only be gained through experience....
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Banks, now more than ever, need to be able to engage with their clients on their clients’ terms. Clients don’t want banks they want banking. Clients expect their banks to be accessible 24/7 not only via mobile, ATM, POS, internet, and call centre, customers are now demanding to engage via social media. A banks...
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Relationships. The social media industry has been built on the human need to connect and maintain relationships. Connecting with friends, linking with colleagues, keeping them both up to date on where,when, and what we are doing, how we feel about it and who we did it with. Our identity can be, and is, validated...
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Automated origination methods came under fire recently in Canada where the practice of using an automated method to assist in (or to perform) property valuation assessments for mortgages. The article claims that this automation method and a program (named Emily) has contributed to escalating home prices by using reference data instead of actual valuations....
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When I look back at 2012, there have been some great advances in the core banking space in 2012. Within my firm, we were part of 12 core banking go-lives in 2012..  to me this is a sign of real transformation progress in the financial services industry.  As I see it the big story...
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