Core Systems Replacement: The Time is Now

 

When: May 27th, 2004 at 2:30 Eastern Time for about 1 hour  Register

Speaker: Christine Barry Banking Analyst Celent  Session Description: Core banking solutions are one of the few technologies in the banking industry still dominated by proprietary in-house systems. In fact, most large institutions are still running mainframe systems built during the 1960s and 1970s. These old systems have proven extremely inefficient, costly to maintain, and not flexible enough to meet growing bank requirements. The time for core systems replacement has come. Most institutions are proceeding with caution, however, as a core system replacement is perhaps the most complex IT project a bank can undertake. The risks as well as the costs are high, with most projects typically lasting several years depending upon the structure of the bank. This presentation will examine the major reasons why banks are now ready to replace their core banking systems and how today’s solutions are able to meet the needs of an ever-changing marketplace. It will also identify the time and costs associated with such a large project as well as four major methods of migration/replacement from which a financial institution may choose. This program is appropriate for senior financial executives with responsibility for Information Technology Planning, Internet Services, Channel Development, Market Research and Strategy Teams. Attendance Fee: $275 plus $50 per telephone line used

About Christine Barry:

Christine Barry is an analyst within Celent Communications' banking group based in the firm's Boston office. Ms. Barry's areas of expertise are cash management, commercial lending, core banking/processing, small business banking, mortgages, and biometrics.

Ms. Barry is quoted frequently in the media, including Businessweek, American Banker, Bank Technology News, Bank Systems & Technology and The Banker. She has presented her research findings at conferences including AAIS, Insurance Online and BiometriTech, and is scheduled to speak at this year’s NACUSO Fall Leadership Roundtable and SRI’s Voice Technology for Financial Services conference.

Before joining Celent, Ms. Barry was an analyst for Meridien Research's e-financial services group. She researched, analyzed, reported, and advised on new strategic technologies in the financial services marketplace including online banking, brokerage, insurance, telematics, biometrics, account aggregation, and affinity banking.  

Previously, Ms. Barry was an associate in commercial lending at KBC Bank. She was also a financial analyst for Citibank, in the bank's global derivatives and strategic initiatives groups.