IBM Extends Banking Offering

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IBM Extends Banking Offering

IBM has released a new solution for banks seeking to renovate back-offices in an "on-demand" world.

The solution is a comprehensive portfolio of transaction processing platforms and services from IBM, which allows banks to migrate their back-office systems to modern Internet-based solutions in a phased, risk-minimizing manner.

Core Systems Transformation (CST) covers:-

*Business Transformation Methodology, IBM's Component Business Model technique and Information FrameWork data models help banks identify back-office "hot spots" ripe for optimization.
*Transaction Processing Infrastructure for core banking. Aimed at using services oriented architecture for delivering core banking functions as web services.
*Tight Integration Integration with third party banking applications.

Suruga Bank in Japan is the first organisation to take delivery of the the new solution. The product was implemented with IBM partner Fidelity Information Services.

Core system transformation tools that link to business process management are extremely powerful, said Guillermo Kopp, vice president, Tower Group. "This should not be a one-size-fits-all solution or an impossible boil-the-ocean effort. Banks should be able to use such holistic, multi-layer tools in different ways, and transform their legacy business functions at their own pace through modular implementations."