AUGUST 20166The banking industry is currently in a state of flux. While the digital capabilities that most banks have developed of late are commendable, there is still some way to go before they are well prepped for tomorrow's reality. Customization is key. Plugging a one-size-fits-all core banking solution into an existing environment will only lead to further fragmentation and complexity. With multi-channel, multi-product banking models still prevalent in the industry today, aligning the core banking strategy with a bank's unique business model is the first step toward core transformation.In the process, it is paramount for banks to not ignore the impact of integrating digital into their core operations, while keeping pace with the ever-changing customer demands. Granted that a core system transformation--in addition to being a long and complex process in itself--might only bear fruits in the long run, it is one that the banks need to embark on if they are to stay competitive. This shift is starting to become more visible as banking executives realize that the benefits associated with a core banking transformation outweigh costs and risks. This calls for expert advisors capable of guiding large banks through this long and arduous journey.Fortunately, technology providers are, as always, quick to capitalize on an opportunity and help banks cope with multiple challenges and facilitate their core banking transformation. Various enterprises are offering comprehensive solutions that will enable banks to witness revenue growth and revamp their legacy core banking architecture. At this juncture, Banking CIO Outlook presents to you its Core Banking edition featuring insights from industry thought leaders and showcasing innovative core banking technologies.We hope this special edition will catalyze your core banking transformation.Let us know your thoughts.Copyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.AUGUST - 29 - 2016Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 August - 29 - 2016, Volume 02 - 05 Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464CORE BANKINGJohn Varghesejohn@bankingciooutlook.comVisualizerMatt RyderManaging EditorJames RobertsonThe Impending TransformationJames RobertsonManaging Editor editor@bankingciooutlook.comAaron PierceAva GarciaJoshua ParkerEditorialAlex D'SouzaJade Ray Prodyut Ranjan Borah
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