DGAP-Media: COR&FJA AG: Success criteria for the use of core banking applications: an investigation by Pierre Audoin Consultants (PAC) on behalf of COR&FJA throws light on the software trends within banks
(firmenpresse) - COR&FJA AG / Enterprise
01.06.2010 10:22
Dissemination of a Media Release, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Success criteria for the use of core banking applications: an investigation
by Pierre Audoin Consultants (PAC) on behalf of COR&FJA throws light on the
software trends within banks
(Munich / Leinfelden-Echterdingen, 1 June 2010) - On behalf of COR&FJA,
Pierre Audoin Consultants (PAC) investigated the success potential of
software applications for banks. The survey confirms that a majority of
banks are currently overhauling or optimising their core banking systems
and that the utilisation of a suitable solution has an impact on commercial
success. In addition, it shed light on what banks are demanding from their
software in relation to processes critical for their business. The results
of the analysis provide an aid for the selection and evaluation of core
banking applications.
The investigation of software use at banks shows that core banking systems
influence banks' commercial success. A majority of banks are currently
replacing or improving their existing applications in order to meet the
requirements of customers and the market, as well as their own strategic
objectives. Many banks believe that they are not yet optimally positioned
to tackle the upcoming commercial challenges.
Projects to modernise software are usually extensive in nature
The banks surveyed said that their projects for overhauling core banking
systems usually involved different areas within their banks. In particular,
the projects encompass business management, and often bank management,
sales and the structuring of business models as well. The requirements of
the software used to support processes which are critical for business are
strict: the software's functionality, its cost efficiency in application
and operation, and its efficient and effective support for business
processes are all of crucial significance.
Advantages of using standard applications
The investigation also shows that the solutions available on the market and
their further development are being received positively by the financial
institutions. Even though most banks these days use a mixture of standard
and customer-specific software, most of the IT decision-makers surveyed
confirmed that standardised solutions were either 'very suitable' or
'suitable' for, in particular, the areas of business development,
structuring business models, and sales. The interviewees were especially
positive in their evaluation of the efficiency of standard applications and
the availability of resources for their integration and operation. The
scope of functionalities, too, is seen as an advantage. The choice of a new
core banking system must also take account of strategic considerations
which favour the use of standard software at most of the banks surveyed.
COR&FJA and PAC will present their survey under the title 'The use of
software at banks: suitable applications enhance your business potential'
at the Finance Forum in Wiesbaden on 8 and 9 June 2010 (Stand 4 - Thematic
Environment Core Banking&Outsourcing).
The summary of the findings will also be available online to anyone who is
interested immediately and free of charge at:
http://cor.fja.com/fileadmin/Uploads/de/pdfs/Studien/CORFJA_PAC_Trendanaly
se_Banken.pdf
The market analysis and strategy consulting company PAC carried out the
investigation on behalf of COR&FJA, the software and consulting supplier
for banks and insurance companies. The survey was conducted in April and
May 2010 and was based on interviews with more than 30 IT decision-makers
from banks in Germany.
About Pierre Audoin Consultants (PAC): PAC is a global market research and
strategic consulting firm for the Software and IT Services Industry. PAC
helps IT vendors, CIOs, consultancies and investment firms by delivering
analysis and advice to address a range of growth, technology, financial,
and operational issues.
Our 30+-year heritage in Europe - combined with our US presence and
worldwide resources - forms the foundation of our ability to deliver
in-depth knowledge of local IT markets, anywhere. We employ structured
methodologies - undertaking thousands of annual face-to-face interviews on
both the buy and sell side of the market, as well as a bottom-up, top-down
approach - to leverage our research effectively.
PAC publishes a wide range of off-the-shelf and customized market reports -
including our best-selling SITSI(R) program - in addition to our suite of
strategic consulting and market planning services. With 16 offices across
all continents, we deliver the insight that can make a difference to your
business.
For more information, please visit our website at www.pac-online.com.
About COR&FJA: The COR&FJA Group is one of the leading software and
consulting firms for the European financial services industry, focusing on
banks and insurance companies as well as company pension scheme
organisations. The services range from standard software via consulting
through to taking over IT operations (Application Service Providing). The
COR&FJA Group employs more than 1,000 people at locations in
Leinfelden-Echterdingen, Munich, Stuttgart, Düsseldorf, Frankfurt, Hamburg,
Kiel and Cologne and has subsidiaries in the Netherlands, Austria,
Switzerland, Slovakia, Slovenia and the US.
Further Information: www.cor.fja.com.
Press contact:
If you have any queries about the article and/or the survey, please
contact:
Eike Bieber, Tel: +49 (0) 89 23 23 68-13
mailto:e.bieber(at)pac-online.com
Pierre Audoin Consultants (PAC) GmbH
Holzstraße 26
80469 München
Tel: +49 (0) 89 23 23 68-0
Fax: +49 (0) 89 719 62 65
E-Mail: mailto:info-germany(at)pac-online.com
Web: http://www.pac-online.com
Lars Hoffmann, Tel: +49 (0) 89 769 01-7909
mailto:lars.hoffmann(at)cor.fja.com
COR&FJA AG
Karlsruher Straße 3
70771 Leinfelden-Echterdingen
Tel: +49 (0) 711 949 58-0
Fax: +49 (0) 711 949 58-49
E-Mail: mailto:info(at)cor.fja.com
Web: http://www.cor.fja.com
01.06.2010 10:22 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: COR&FJA AG
Karlsruher Straße 3
70771 Leinfelden-Echterdingen
Deutschland
Internet: www.cor.fja.com
End of News DGAP-Media
---------------------------------------------------------------------------
Datum: 01.06.2010 - 10:22 Uhr
Sprache: Deutsch
News-ID 21730
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 277 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-Media: COR&FJA AG: Success criteria for the use of core banking applications: an investigation by Pierre Audoin Consultants (PAC) on behalf of COR&FJA throws light on the software trends within banks"
steht unter der journalistisch-redaktionellen Verantwortung von
COR&FJA AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
