Core Systems in European Retail Banking

发布时间：2004.5

价格：1668美金

页数：53

内容介绍

Introduction

Core systems have moved up the decision-making agenda for Europe’s retail banks as slow revenue growth and margin pressure necessitate increased investment in process streamlining and product development. But most top-tier banks are baulking at end-to-end core systems replacement, preferring to develop existing systems incrementally.

Scope

Based on in-depth interviews with vendors and end-users

Coverage of all the major Western European markets

Spending forecasts for core systems to 2006, broken down by source and country.

Forecasts for the number of major European banks likely to replace core systems in the medium term

Report Highlights

Although core systems are now higher on the C-level agenda than they have been for several years, major European banks continue to baulk at the prospect of major replacement projects. Making the business case and finding the right time to replace remain the key obstacles.

Reasons to Purchase

Understand how core systems investments will play out in the biggest European banks - traditionally the biggest challenge for core systems vendors

Benchmark your competitive position against your competitors and understand the factors that will determine future success

Size your addressable market to 2006

Report Highlights

With incremental development likely to form the basis of core systems strategy going forward, banks must move beyond hard-coded legacy systems and embrace component-based, process- driven architectures.

Replacement strategies in the major banks are likely to be driven by components, meaning that vendors marketing closed, packaged systems will potentially get squeezed unless they adapt to a more tactical, flexible replacement paradigm.

目录及图表

TABLE OF CONTENTS

EXECUTIVE SUMMARY 3

Introduction 3

Banks committed to lowering unit cost reduction are most likely to replace 3

Most major banks will prefer an incremental development approach, moving towards SOAs and componentization 4

Vendor leaders are emerging, but none dominates the market for Tier 1 / 2 bank replacement 5

Core systems spend will be slow, driven by re-engineering projects 6

Key take-outs 7

INTRODUCTION 11

Report scope 11

MARKET CONTEXT 12

Introduction 12

Strategic issues driving core systems change 13

But significant barriers continue to hold back core systems replacement 15

Technology issues 20

Core systems re-engineering strategies 20

Step 1: Wrapping the core systems 20

Step 2: Service-oriented architecture – towards product-agnostic processes 21

Replacing core systems – package or components? 24

Component-based replacement may be the “third way”, but projects will be long-term 24

Core systems in the IT project portfolio 26

Core systems cost reduction strategies 26

COMPETITIVE DYNAMICS 28

Introduction 28

Market segmentation 28

Market perceptions 29

Vendor success criteria 30

Vendor evaluation and drill-down 34

Core systems product providers 35

Business transformation players 39

Strategic trends and implications 40

Componentized solutions essential, but packaging and pricing will be challenges 40

The competitive threat from internal IT departments will increase 41

ISVs must partner with leading IT services players for business transformation credibility 42

Recommendations for banks 43

MARKET OPPORTUNITY 45

Introduction 45

Only 4 top-tier banks set to replace in the next two years 45

Only a small proportion of core systems spending will be driven by business transformation projects 46

No clear country leader emerges as opportunities remain bank-specific 48

Buoyant growth in software and services, but internal spend picks up in 2006 50

APPENDIX 53

Future readings 53

SPP writing team 53