20 October 2017
visit www.avoka.com

IBM talks up $140 million investment in core banking

01 July 2005  |  7412 views  |  0 IBM

IBM is talking up a $140 million investment in transaction processing platforms and services designed to ease the upgrade problems of banks as they migrate from legacy core banking software to modern Internet-based systems.

IBM's Core Systems Transformation package includes a business transformation methodology and transaction processing infrastructure for core banking, based on the vendor's flagship WebSphere software and eServer and TotalStorage systems.

As part of the programme, IBM’s Business Consulting Services unit has trained hundreds of banking specialists in the application of data models designed to help banks identify back office 'hot-spots' for phased modular renovation.

For CST, IBM is additionally enhancing WebSphere by boosting transaction processing throughput, incorporating batch processing capabilities, and extending system monitoring/management. The vendor is also working with core banking system suppliers to fine-tune their applications for integration with CST and existing enterprise systems in a service-oriented architecture.

The first CST implementation - featuring a Java-based version of Fidelity's Corebank product - is already underway at Suruga Bank in Japan.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

IBM wins A$50 million slice of Fiserv cheque deal

IBM wins A$50 million slice of Fiserv cheque deal

10 June 2005  |  7103 views  |  0 comments
LogicaCMG hires Lode Snykers as MD, international financial services

LogicaCMG hires Lode Snykers as MD, international financial services

08 June 2005  |  5472 views  |  0 comments
IBM releases data privacy tool

IBM releases data privacy tool

27 May 2005  |  4509 views  |  0 comments
Commerzbank taps IBM for storage overhaul

Commerzbank taps IBM for storage overhaul

01 April 2005  |  7226 views  |  0 comments
Laurentian Bank signs C$30 million IBM contract extension

Laurentian Bank signs C$30 million IBM contract extension

23 March 2005  |  4640 views  |  0 comments
IBM inks Banco Santander Totta IT outsourcing deal

IBM inks Banco Santander Totta IT outsourcing deal

21 March 2005  |  8651 views  |  0 comments
European banks fail to account for risk in IT investment - IBM

European banks fail to account for risk in IT investment - IBM

02 March 2005  |  4968 views  |  0 comments
IBM wins EUR 200m La Caixa IT deal

IBM wins EUR 200m La Caixa IT deal

09 February 2005  |  7744 views  |  0 comments
JPMorgan Chase's excessive tech spending killed IBM outsourcing deal

JPMorgan Chase's excessive tech spending killed IBM outsourcing deal

08 February 2005  |  14483 views  |  0 comments
IBM makes first NEFSS sale in Japan

IBM makes first NEFSS sale in Japan

20 October 2004  |  3764 views  |  0 comments
Fidelity migrates mortgage processing to WebSphere

Fidelity migrates mortgage processing to WebSphere

27 February 2004  |  6897 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.net visit www.sibos.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8394 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8210 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7371 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6749 views comments | 10 tweets | 21 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6408 views comments | 14 tweets | 23 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job