Paper series - Value propositions of a core banking solution vs pricing and billing solution
Publications : finextra , bankingcrossing, financial Introduction Banks have started realizing the importance of pricing as a banking enterprise entity. Core banking solution such as Flexcube, Temenos or Finacle fits well as a technology solution for a banks’ day to day business. However a core banking solution itself cannot cater to all the needs for fee based income of a bank. This is attributable to the complex nature of banks operations across its business areas. The banks are often unintentionally grown into a complex structure with its independent departments often referred to as silos having their own systems tied together to a centralized core banking system. Each of these silos has its own product bundles and offerings and a technology component to capture the fee income for the bank. So what comes out over a period of time is a severe disability to visualize the fee income or pricing of such charges at the level of an enterprise. In this article we will discuss, how core ba...