Session Description:

This presentation will provide analysis and insight regarding core banking technology strategies for U.S. banks, and will answer the key questions: when is a core system replacement appropriate, and when should a bank defer change?

Participants will gain an understanding of the categories of available solutions, vendor market share, the strengths and weaknesses of different service providers, and how changes in the market may influence the options available to banks in the future. The claims of vendors and industry analysts regarding the benefits of change will also be explored.

The potential business case for transforming the core system will be examined, and how reduced expenses and increased revenue may (or may not) contribute to this case. An idealized target state technology architecture will be suggested, and other technology and sourcing practices will be discussed.

This session is appropriate for senior financial services executives with responsibility for Product Development, Operations Management, Technology Management and Architecture, and Financial Management.

 

About Paul Sussman:
Paul is a Vice President with First Manhattan Consulting Group and leads its Technology and Operations Strategy practice.

His work applies 15 years experience in technology research, systems engineering and organizational design on behalf of major banks, investment firms, insurers, industrial manufacturers and technology providers. His expertise covers a broad range of topics including operations management, enterprise architecture, emerging technology strategy, software and infrastructure engineering, business process design, critical project oversight, sourcing strategy, and IT vendor product strategy.

Paul has been a speaker at several conferences including NACHA Payments and has published research articles on topics including operations management, outsourcing of investment services, customer relationship management and e-commerce technology.

Prior to joining FMCG, Paul worked as a consultant and IT manager specializing in open systems development for the financial services industry. He holds an MBA in Finance and Information Systems from New York University.

The FMCG Technology and Operations Practice works with clients to help develop and deploy automation and business process improvements to create shareholder value in the financial service industry. Our uniqueness is in our seasoned professionals’ ability to understand the client, front line, and shareholder perspectives, and based on these views, establish a common agenda among product, sales, finance, operations and technology managers.


About First Manhattan Consulting Group:
FMCG provides consulting and advisory services on a wide range of top management issues. Our unique mix of strategy, finance, technology, productivity, and other skills have allowed us to:

• Discover new insights on the drivers of shareholder value
• Develop benchmarks for key lines of business, including perspectives on achievable ROE and growth
• Design new approaches to calculate capital adequacy and capital allocation
• Document and implement "best practices" for post-merger consolidation and bankwide productivity programs
• Introduce a range of Financial Personality® - Based marketing approaches that have altered customer acquisition and service delivery paradigms in financial services

www.fmcg.com