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Application Modernization: Core Banking Solution to Help Transition to Modern Applications 



The core banking application modernization solution from IBM can help you transition to modern banking applications in a staged and modular way with near-term payback and reduced risk and disruption.

 

 
 
Tags:  IBM  smarter planet  banking  application modernization  core banking  reduced risk  near-term payback  banking application  modernized solution  modern applications  smarter banking  banking solutions 
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Published:  October 04, 2010
 
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Slide 1: IBM Sales and Distribution Solution Brief Banking Core banking application modernization Build an evolutionary framework In the new economic order, banks need to be more customer-centric, with modernized systems that are easy to develop and maintain. But large-scale modernization efforts are often risky and slow to generate a return on investment. The core banking application modernization solution from IBM can provide a progressive business-driven approach, enabling banks to transform their systems over time using existing assets. Highlights ● Improve overall agility for meeting business needs Lower maintenance cost by limiting complexity Reduce time to market for new product and service offerings Utilize existing assets while moving to a modernized environment ● ● Break free from complex systems The core banking application modernization solution can enable your bank to simplify the modernization, management and monitoring of your technology systems, while lowering risk by avoiding the disruptive business consequences that have characterized these activities in the past. The solution can help you analyze and identify existing assets, and extend them to build new applications, automate manual activities, find application vulnerabilities, comply with industry regulations and measure the effectiveness of projects and processes across the software delivery life cycle. IBM’s approach delivers a modular architecture and separation of architectural concerns, reduces duplicity and promotes reuse and sharing of enterprise assets. ● Accommodate new business requirements Establishing a flexible information platform can give you the foundation you need for trusted information so it can be shared, reused, applied and managed as a strategic asset. Our solution can help de-layer your architecture, making it more componentized to enable you to easily accommodate new business requirements. We can help you integrate best-of-breed application components, buy new packaged applications and incorporate horizontal enterprise-wide processes, or build a new componentized architecture to better respond to a dynamic marketplace.
Slide 2: Address efficiency challenges The core banking application modernization solution can deliver benefits quickly to your business. With robust tooling and methodology you can accelerate the modernization of your core processes and related systems. © Copyright IBM Corporation 2010 IBM can help you simplify your application architecture and infrastructure requirements. Our application portfolio rationalization cleans up the portfolio, limits data and systems duplication, addresses functional gaps, accelerates time to test new features and requirements, and reduces overall application development and maintenance cost. It also addresses modernization targeted to solve business and technological pain points. IBM Corporation Route 100 Somers, NY 10589 Produced in the United States of America July 2010 All Rights Reserved IBM, the IBM logo and ibm.com are registered trademarks of International Business Machines Corporation in the United States, other countries, or both. If these and other IBM trademarked terms are marked on their first occurrence in this information with a trademark symbol (® or ™), these symbols indicate U.S. registered or common law trademarks owned by IBM at the time this information was published. Such trademarks may also be registered or common law trademarks in other countries. A current list of IBM trademarks is available on the web at “Copyright and trademark information” at ibm.com/legal/copytrade.shtml Other company, product or service names may be trademarks or service marks of others. An integrated view of data Banks today are looking for ways to differentiate themselves by packaging their products and services to be better suited to individual customer needs. Banks already have the data needed to tailor packages for their customers, but it tends to be scattered across a host of applications. As a result, banks are unable to get a holistic view of their customer needs. By using the core banking application modernization solution, banks can collapse duplicate systems into one, utilize a single, integrated view of customer data to help ensure consistent customer information, effective marketing campaigns and improved work processes. Please Recycle A progressive transformation IBM’s progressive, architecture-led transformation approach can help banks define their transformation plan and foundational architecture, enable them to find various legacy modernization options, develop new capabilities, and most important of all, optimize and modernize change and control. We have found from experience that these are the critical elements that underpin a successful modernization journey. The IBM® Banking Industry Framework offers many assets, tools, methods and accelerators for core banking transformation to help execute the progressive approach. For more information To learn more about the core banking application modernization solution, please contact your IBM representative or IBM Business Partner, or visit: ibm.com/banking BZS03013-USEN-00

   
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