Core Banking Solutions for Small Banks

by Bart Narter, August 30, 2006

Abstract

San Francisco, CA, USA August 30, 2006

Small banks are most likely to upgrade core systems.

Core banking systems are the heart of a bank. All transactions move through core systems, which, at an absolute minimum, must remain running and responsive during business hours. Increasingly, these systems are running 24x7 to support Internet banking, global operations, and real time transactions via ATM, Internet, phone, and debit card. In a new report, , Celent compares the range of solutions available to small banks looking to revamp their core systems.

"This is the most diverse part of the market. We find 30-year-old COBOL-based mainframe solutions competing against modern fourth generation language (4GL), Windows, and Unix based systems," says Bart Narter, author of the report and senior analyst in the banking group at Celent. "These vendors are true partners to their core banking customers. Small banks rely on these vendors for nearly all of their technology needs."

This report is the fourth in a series on core banking. The first report,Overcoming the Fear Factor: Migrating Core Banking Systems, April 2006, provides an overview of the core banking landscape and includes a case study in North America. The second report is Global Core Banking Solutions for Large Banks, May 2006, and the third report is Global Core Banking Solutions for Midsize Banks, July 2006.

Subsequent reports will include: Core Banking Solutions, Core Banking: A US Perspective, Core Banking: A Global Perspective, and Core Lending Systems.

The 66-page report contains 14 figures and 27 tables. A table of contents is available online.

Members of Celent's Wholesale Banking research services can download the report electronically by clicking on the icon to the left. Non-members should contact info@celent.com for more information.  

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

San Francisco, CA, USA August 30, 2006

Executive Summary 3
Celent's ABCD Analysis 5
FIS Horizon 10
Fiserv ITI Premier 14
Fiserv PCS 21
Fiserv VISION 25
Harland Financial Solutions Intrieve 32
Harland Financial Solutions Phoenix 35
Harland Financial Solutions SPARAK 39
Jack Henry CIF 20/20 43
Jack Henry Core Director 47
Metavante Bankway 51
Open Solutions TCBS 56
Open Solutions TotalPlus 60
Summary 64
Objectivity and Methodology 65

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