This industry paper contained in Suntec’s press release, is interesting because it highlights the reality that core banking systems are not designed for today’s banking realities.

The paper posits that a core banking solution per se cannot cater to all the fee-based income needs of a bank, due to the complex siloed nature of most mature banking enterprises. In consequence, a pricing and billing solution that helps to manage the fee income by providing a single customer view of all charges across the bank’s product silos, becomes inevitable for the functioning of a bank.

Source: Finextra

Technorati tags: Banking Strategy