20.1 C
Innichen
August 13, 2022
Finance Technologies

Banks rely on big bang system replacements to cope with real-time demand

When it comes to core systems replacement, the banking industry is still set on big bang installations, driven in part by demands for real-time service. Vikram Gupta, Oracle That’s according to Vikram Gupta, vice president of Flexcube strategy at Oracle Financial Services. Speaking to FinTech Futures on the sidelines of Oracle’s OpenWorld conference in London earlier this month, Gupta says that around 70% of the industry still focuses on big bang go-lives. “Of course, it depends on the size of the bank,” he adds. “If it’s a really large bank they will do a phased migration from country to country…
Banks rely on big bang system replacements to cope with real-time demand

Related posts

Uzbekistan’s People’s Bank selects Fusion Risk from Finastra

Amme Jhonson

Nasdaq leads $20m funding in blockchain firm Symbiont

Amme Jhonson

Emerging markets seeking London’s fintech crown

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy