Bank IT – Ancillary Applications are in
January 26, 2010 Brad
I don’t believe it’s news anymore when I tell you core system sales have tapered off in the past ten years. But here’s proof. In the year 2000, 7.3% of the FI population acquired a new core system. In 2009, the rate was approximately 2%. Going forward, it may stay at 2% or it may continue to decline, but it won’t increase.
via banktech.com
Great to see a couple categories in there that RiskKey applies to although I’m a little concerned when Art, who I really enjoy reading, says that core systems have done a “superb job of keeping their core systems up-to-date.” What? Really?
If you mean up and running, ok, but really trying to address the real problems that core systems have in regards to knowing, protecting, and helping their customers I’d say NO.
- Brad
