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Session Description:
This
presentation will provide analysis and
insight regarding core banking
technology strategies for U.S. banks,
and will answer the key questions: when
is a core system replacement
appropriate, and when should a bank
defer change?
Participants will gain an understanding
of the categories of available
solutions, vendor market share, the
strengths and weaknesses of different
service providers, and how changes in
the market may influence the options
available to banks in the future. The
claims of vendors and industry analysts
regarding the benefits of change will
also be explored.
The potential business case for
transforming the core system will be
examined, and how reduced expenses and
increased revenue may (or may not)
contribute to this case. An idealized
target state technology architecture
will be suggested, and other technology
and sourcing practices will be
discussed.
This session is appropriate for senior
financial services executives with
responsibility for Product Development,
Operations Management, Technology
Management and Architecture, and
Financial Management.
About Paul Sussman:
Paul is a Vice President with First
Manhattan Consulting Group and leads its
Technology and Operations Strategy
practice.
His work applies 15 years experience in
technology research, systems engineering
and organizational design on behalf of
major banks, investment firms, insurers,
industrial manufacturers and technology
providers. His expertise covers a broad
range of topics including operations
management, enterprise architecture,
emerging technology strategy, software
and infrastructure engineering, business
process design, critical project
oversight, sourcing strategy, and IT
vendor product strategy.
Paul has been a speaker at several
conferences including NACHA Payments and
has published research articles on
topics including operations management,
outsourcing of investment services,
customer relationship management and
e-commerce technology.
Prior to joining FMCG, Paul worked as a
consultant and IT manager specializing
in open systems development for the
financial services industry. He holds an
MBA in Finance and Information Systems
from New York University.
The FMCG Technology and Operations
Practice works with clients to help
develop and deploy automation and
business process improvements to create
shareholder value in the financial
service industry. Our uniqueness is in
our seasoned professionals’ ability to
understand the client, front line, and
shareholder perspectives, and based on
these views, establish a common agenda
among product, sales, finance,
operations and technology managers.
About
First Manhattan Consulting Group:
FMCG provides consulting and advisory
services on a wide range of top
management issues. Our unique mix of
strategy, finance, technology,
productivity, and other skills have
allowed us to:
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Discover new insights on the drivers
of shareholder value
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Develop benchmarks for key lines of
business, including perspectives on
achievable ROE and growth
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Design new approaches to calculate
capital adequacy and capital
allocation
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Document and implement "best
practices" for post-merger
consolidation and bankwide
productivity programs
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Introduce a range of Financial
Personality® - Based marketing
approaches that have altered
customer acquisition and service
delivery paradigms in financial
services
www.fmcg.com
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