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Core systems module replacement from IBM
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| Replace outdated systems
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Improve productivity. Enable an enterprise-wide view of systems throughout your organization. Adapt to changes in the marketplace. With the IBM core systems module replacement solution, you can replace system modules on an as-needed basis, enabling you to respond to customer demands without draining your budget.
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| Choose an industry leader
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The IBM core system module replacement solution is backed by industry-based experience with proven results.- IBM has over 20 years of experience developing business solutions with the banking and insurance industries.
- We offer world-leading alliances and project financing to fit your needs.
- Clients implementing this solution have seen a 30% improvement in productivity.
- Our solution is designed to eliminate duplicate business processes and realign organizations, which saved one of our clients an estimated US$250M.
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| Serve customers more efficiently
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Core systems form the basis of your financial institution's operations, and serve as the primary repository for customer, account and product information. These modules are responsible for processing and posting transactions, performing deposit accounting, maintaining loan accounts, keeping securities positions and clearing payments. Because they are essential to your bank’s everyday operations, getting these systems up-to-date is crucial.
Through the core system module replacement solution, IBM can help you:- Leverage component-based models to design new core banking systems, positioning your bank to compete on more responsive customer service and faster delivery of new, innovative products.
- Centralize customer, account and product data to improve efficiency and customer service.
- Link core processes efficiently and seamlessly.
- Align new products and services with customer demands.
- Reduce organizational complexity and enable enterprise-wide data sharing to better serve your customers and work more efficiently within your institution.
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| A proven implementation
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As a result of several mergers, a well-known financial institution now offers banking, insurance and asset management to over 50 million clients in 65 countries. Because of these mergers, the institution was running several core banking systems that were extremely inefficient and costly. They decided to deploy a packaged solution, which would enable them to continue focusing on their core competencies, leaving the technology to the industry experts.
The company used the following high-level criteria to choose their vendor. - Maximum support of products and processes
- Maximum operational efficiency
- Minimal time-to-market for new products
The institution has begun to implement the core module replacement solution through an IBM preferred vendor. They plan to complete 25 branch migrations by the end of 2005.
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| Realize a strong ROI
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Through the core system module replacement solution, IBM can help you create the latest products and services to respond to new opportunities more efficiently and increase your return on investment. - Step ahead of the competition and position yourself for growth by ensuring you can get new products to market before your competitors.
- Eliminate duplicate business processes and realign your organization, saving money on IT investments.
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Questions about this solution? Contact an IBM financial services specialist.
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