I was at International Payments Summit in London last week. I spoke on a panel on real time payments, the insights of which will be the basis of a later blog.  But here are the highlights for me: IPS may well be back I last attended IPS 5 or 6 years ago. I stopped going [...]

When Citibank announced they were moving from an internally developed core system to Systematics, I wondered why a bank would take all the trouble of doing a core banking migration, but not moving to a modern real-time system. http://bankingblog.celent.com/2010/02/citis-core-migration/ The answer was that there would be too much operational risk in both moving to a [...]

In the theoretical world of the analyst, we think about the perfect world and the perfect solutions. Regrettably, that isn’t the world that most of our clients live in. There are legacy systems, limited budgets, time to market issues, project risk, reputational risk, etc. This helps explain why established legacy systems are continuing to sell [...]