Changing the Core Banking System – The Agony of Choice

Changing the Core Banking System – The Agony of ChoiceChanging the Core Banking System – The Agony of Choice

Banks are subject to ever higher cost pressures characterized by shrinking margins and increasing investment needs. The implementation of new requirements – especially triggered by regulation and digitalization – is driving costs in an increasingly competitive environment. Thus, the need to review and optimize the existing IT architecture and depth of value creation is growing steadily. In order to achieve long-term cost reduction, it is necessary to reduce the complexity of the system landscape, utilize economies of scale and take more account of standards.