Roadmap to Successful Core Banking System Replacement

Publication Date	September 2007
Publisher	The Banking Academy
Product Type	Report
Pages	176
ISBN Number	not applicable
Product Code	TAB00011

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Summary

Core banking system replacement is by far one of the most important decisions for any bank today, as it is very specific to a bank's unique business strategy. However, the replacement process is not as straightforward as it looks. Given the considerably varied views on what defines a core banking system and also how a successful roadmap, its selection and implementation should look like, Asian Banker Research highlights the critical elements that will ensure a more robust and successful implementation.

This report provides guidelines to help players in defining replacement objectives, strengthening the selection process by analysing the critical requirements in the choices of platforms, architecture and functionality. The report explains the implementation and deployment process, both from managerial as well as technical perspective, and identifies the critical success factors and best practices for all phases of a replacement project.

This report also analyses the core banking products available in the market, assesses the leading vendors in Asia, and identifies the trends in the Asian markets in general and in specific countries.

Who should buy this report:

Key decision makers in IT.
Key decision makers in Operations.
Key decision makers in Management.
Vendors, as report will assist in identifying the right approach and critical success factors for selling core banking systems to the Asian markets.

Content

1. Core Banking Trends in Asia Pacific
- Market Trends
1-1 : Prominent recent deals
1-2 : Break up of deals among countries in recent years & 2006 estimates
1-3 : Deals in context of country's banking sector
1-4 : Estimates of Asian investment in systems and services
- Technical Trends
1-5 : Evolution and emerging trends of core banking technology
1-6 : Tracking technical integration among Asian countries
1-7 : Trends in platform usage in countries
1-8 : Implementation trend (big bang versus gradual)
2. Bankers'Perception Survey on Core Banking System Selection
2-1 : Survey results on key considerations of system selection
2-2 : Survey results on types of systems: C UNIX vs. Mainframe
2-3 : Perception of different platforms
3. Core Banking System C: An Overview
3-1 : A Definition
- 3-1-1 : What to expect in core banking replacement
- 3-1-2 : Rational for front end replacement
3-2 : Core banking replacement :C Overview
3-3 : Approaches to core banking replacement
4. Core Banking Replacement Phases and Critical Consideration
- Core banking replacement phases and timeline
4-1: Business justification & blueprint
- i. Developing business objectives
- ii. Delta analysis
4-2 : The Selection
- i. Identifying reasons for replacement
- ii. Considerations in selection criteria
- iii. Key considerations in vendor selection
- iv. The right architecture and platform
- v. Selection: C RFP and evaluation process
4-3 : Implementation
- i. Key challenges and critical success factor
- ii. The implementation process
4-4 : Deployment
- i. The process of deployment
- ii. Deployment approaches
4-5 : Risk Mitigation
4-6 : Financial Impact
- i. Investment versus cost benefits
- ii. Cost savings and returns
5. Core Banking Replacement Building Blocks
5-1 : Application architecture & Core banking
5-2 : Interface considerations
5-3 : Coexistence
5-4 : Data conversion & Data cleansing
5-5 : Interface considerations
5-6 : Process rationalisation
5-7 : Product rationalisation
6. Critical Success Factors and Best Practices
6-1 : Program Organisation ?C success factors
6-2 : Best practices for system selection
6-3 : Best practices for vendor selection
6-4 : Best practices for vendors for implementation
7. Unique Core Banking Replacement Considerations
7-1 : A large multinational bank
7-2 : A small retail bank
7-3 : Islamic bank
7-4 : Internet only bank
7-5 : Mergers and acquisitions
8. Country Trend Analysis
8-1 : China
8-2 : India
8-3 : South East Asia countries
8-4 : Korea, Japan and Taiwan
9. Vendor Assessment
9-1 : Vendor assessment and rating
9-2 : Market positioning
10. Conclusions
Appendixes
- 1. Case Studies
- 1-1 : State Bank of India
- 1-2 : Union Bank of Philippines
2. An average RFP - Table of contents