An Introduction to Core Banking Systems

[Work in progress] What is a Core Banking system ? According to Gartner, a core banking system is responsible for processing banking transactions and updating accounts. Core banking systems generally support deposit accounts, loans, mortgages and payments. These services are usually made available via different customer channels - bank branches, mobile banking, internet banking and … Continue reading An Introduction to Core Banking Systems

Customer-First: Customer Value and Value Based Prioritization

Value Based Prioritization Highsmith et al1 make the argument that prioritization decisions should be based on customer value. Customer value in their EDGE operating model refers to what the customer gets from the business and is willing to pay for. For example healthcare customers may value patient outcomes and safety, while public services customers may … Continue reading Customer-First: Customer Value and Value Based Prioritization

Digitization, Digitalization and Digital Transformation

"The forces of the digital revolution have shaken company after company. Industries have been transformed. Entire media and product forms have vanished. Pity the enterprise whose fortunes are tied exclusively to the analog world, be it producing film, renting videos, retailing books, or selling packaged software."– 'Key Words for Digital Transformation', by Paul Michelman. MIT … Continue reading Digitization, Digitalization and Digital Transformation

Quote: Companies compete differently in digital industries than in non digital

"Because as we speak, the force of digital is rewriting the rules of competition and finance. Our main premise is that companies compete differently in digital industries than in non digital. Instead of competing on scale of four to five business positions, competition is turning to speed and novelty of digital innovations. Instead of competing only as individual firms, companies compete in … Continue reading Quote: Companies compete differently in digital industries than in non digital