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Extending the Life of Your Core Banking Platform
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Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
3/13/2014 | 10:38:50 PM
re: Extending the Life of Your Core Banking Platform
SunTec (a direct competitor of Zafin's) has a similar solution.
josegarrido
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josegarrido,
User Rank: Apprentice
3/13/2014 | 6:26:19 PM
re: Extending the Life of Your Core Banking Platform
Hi John. Excellent analysis.

I searched the web and i didn't found much information regarding this topic. What solutions are in the market for this? The only one i found was miCatalog, miPricing by Zafin.

Best Regards
KBurger
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KBurger,
User Rank: Author
3/12/2014 | 6:18:38 PM
re: Extending the Life of Your Core Banking Platform
Thanks for the feedback John. Banks have dithered for years over what to do about their core systems. This approach could help some of them resolve the matter. But I wonder if eventually some banks (especially smaller ones) will decide they need to merger or be acquired because they dont have the resources needed to even extend their core systems, much less modernize.
John.milani
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John.milani,
User Rank: Apprentice
3/11/2014 | 10:54:26 AM
re: Extending the Life of Your Core Banking Platform
Kathy. They are package solutions with a number of well known and niche providers. The strategy is feasible for any size institution but obviously the bigger the easier to amortize the cost over a larger base of customers.
KBurger
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KBurger,
User Rank: Author
3/10/2014 | 5:53:23 PM
re: Extending the Life of Your Core Banking Platform
Interesting analysis, John, thanks for your insights. Are PPLMs packaged solutions (and if so, who are some of the solutions providers) or is it a technology capability that would be developed/integrated internally by the bank? Also, is this a strategy that is feasible for any size of institution, or more appropriate for large or small banks?


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