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The Truth About Core
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Alex Lopatine
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Alex Lopatine,
User Rank: Apprentice
4/23/2015 | 8:15:03 PM
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Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
11/25/2014 | 2:33:02 PM
Re: 1986
Well, at least 1986 for the Mets is better than the 1908 for the Cubs, which was about 50 years before mainframes became available. ;)
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
11/25/2014 | 1:19:40 PM
Re: 1986
I hope most banks aren't waiting for the Mets to win the World Series again before they upgrade their core systems. That would be a long wait.
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
11/25/2014 | 6:17:16 AM
1986
It's eye opening, when you put banking innovation in this timeframe. Replacing a core system is no easy task, is extremely costly and carries a lot of risk. Still, you would think that banks would have moved off of batch systems in the time since the Mets won the World Series, Iran-Contra, and Top Gun (the movie) were making headlines.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
11/23/2014 | 8:38:44 PM
International Innovation
You're right on Paul about the international providers doing interesting things and expanding into the States. I think that's a key trend to watch in banking IT for the next few years: how those solutions are adopted as the initial projects start to show results.
jschlesinger
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jschlesinger,
User Rank: Apprentice
11/22/2014 | 12:15:55 PM
Temenos
Thanks for mentioning us just a couple of points. Firstly the spelling in case anyone wants to search for us. Secondly we made a major change in 2004 but it wasn't supporting Oracle, DB2 and SQL Server, which we did earlier, it was to run non-stop. The core does not stop to run the accounting. Also neither update was a re-write, we just changed the platform code not the core code. In 2011 we moved to Java EE and in 2012 we added real time multipoint integration. In 2013 we introduced headless interaction. This year we introduced multitenancy and next year we will introduce a real time reporting database. The innovation never stops when providing the world's best core banking system.
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