Author : Alex Louwe Kooijmans
Publisher : IBM Redbooks
ISBN 13 : 0738450537
Total Pages : 70 pages
Book Rating : 4.7/5 (384 download)
Book Synopsis A Transformation Approach to Smarter Core Banking by : Alex Louwe Kooijmans
Download or read book A Transformation Approach to Smarter Core Banking written by Alex Louwe Kooijmans and published by IBM Redbooks. This book was released on 2012-09-23 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extensive experience brought by IBM to core banking transformation indicates that the most successful transformation approach is a progressive one in which modernization is a process that incorporates flexibility and business acumen, and can adapt as requirements change. Creating a componentized architecture that separates key constructs and their assets from the core transaction engine is a critical factor in achieving a successful transformation. Such a scenario makes the architecture the central concern and allows a bank to benefit from the necessary flexibility and efficiency. After the core architecture is established, the bank can address each requirement and modification on a case-by-case basis by choosing from custom and packaged options. Further, the core transformation method outlined in this IBM® RedguideTM publication allows a bank to make deployment decisions based purely on business benefits by using a progressive program that delivers value at each step of the process, and every step can be tailored to keep pace as needs and requirements change. Finally, this method ensures that the overall transformation process remains in line with evolving business objectives.