Core Banking Transformation

Top challenges
Banking systems need to be modernized. Banks have to optimize their legacy processes and infrastructure that support core banking functions while aligning with the changing needs of the business. The outstanding issues are:

1. Inflexible and manual banking processes
2. Complex and costly IT infrastructure
3. Customer demand for tailored products

Where we can help
Business Agility in Core Banking means using an incremental approach to optimize and reuse business processes across core banking applications, eliminate redundant interfaces, and consolidate application services and components. With WebSphere Solutions, banks can:

1. Improve core banking process efficiency in a sustainable manner.
2. Simplify IT infrastructure and platform scalability over time.
3. Enable marketing and product development to collaboratively develop new products quickly.

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  Offer instant pre-qualification, cut underwriting costs by 78%, and more

  Reduce the high operating costs caused by inflexible LOS systems, stovepipe legacy systems, and manual practices that lead to inconsistent enforcement of eligibility, risk-based pricing, and other underwriting guidelines.

  On-demand Webcast: Play at your convenience

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  First Citizens Bank reduces costs and increases availability of online banking service

  IBM’s application infrastructure virtualization solution enabled interruption-free application upgrades and consolidation of services on smaller infrastructure. First Citizens eliminated up to 6 hours of scheduled downtime and removed 20% of their application servers off the floor.

  Case Study: Download now

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  Smarter lending, a primary focus for banks and credit unions

  Find out the six business outcomes that can be addressed by a new, smarter approach to lending. Discover the five stages of the lending maturity model. Assess where you stand and how to move up.

  White Paper: Download now

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  Build a better loan origination process

  IBM’s BPM solutions for banks help you gain a competitive edge in your loan process. Optimize loan origination processes in order to attract and retain customers, lower operating costs and increase revenue. Cost-effectively create an agile infrastructure that can grow and change the loan process as market forces dictate.

  Solution Sheet: Read now

• More banking resources: white papers, demos, webcasts and case studies