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Quotes
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“ Our bank is undergoing a transformation of how we do business. We're migrating from largely a consumer-based bank to one that's now very heavy in complex commercial banking. ”
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“ Mobility, new online capabilities, the cloud, collaborative computing ...these are all hot things, and to enable them, one of the dependencies you have is a system that can mesh with this innovation. A new core can be an enabler. ”
By Fiaz Sindhu -
“ With a new core, banks can then move away from batch updates to accomplish these things. ”
By Fiaz Sindhu -
“ In the mid-2000's, it was common for high vendor headcounts based on best-of-breed strategy. ”
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“ The new core system has definitely provided a positive impact on our ability to implement new services. ”
By Will Sampson -
“ We could not execute on our business plan the way we wanted to. ”
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“ For example, if you are going to do complex asset-based commercial lending, a line of credit may change periodically based on the financial complexities of the underlying business. ”
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“ Because of the cost of funds today and the relative lack of demand, it's harder for banks to judge how they are doing ”
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“ Changing your core system is like someone going through a major organ transplant. You will come out of the operation a stronger person or get dirt thrown on you ”
By Daniel Weickenand
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