This study from IFZ , the Center of Excellence for Finance at the Lucerne University of Applied Sciences and Arts, analyzes the current state and future prospects of core banking systems. It examines how technological advances and strategic challenges are impacting banks in the areas of digitalization and new business models. The evolving role of IT in banks and potentially required system changes are also highlighted.
The core banking study answers the following questions, among others:
- The most important needs of banks with regard to core banking systems in 3-5 years' time
- Requirements criteria for a core banking system
- Reasons and requirements for a change of the core banking system