This IDC Financial Insights report tracks the number of new-named core banking deals for 2010 in North America and provides insight into this core banking environment.
"The number of new-named core banking deals has declined annually, reaching a new low in 2010," says Karen Massey, senior research analyst, U.S. Consumer Banking. "The continued sluggish economy, looming significant regulatory burdens, and cost containment efforts are keeping U.S. banks from innovative core banking initiatives, focusing on maintenance instead. However, U.S. banks are warned not to ignore the core modernization of their international peers with sights set to U.S. expansion."
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IDC Financial Insights: Canadian Financial Industry Strategies , IDC Financial Insights: Community Banking , IDC Financial Insights: Customer-Centric Bank Strategies
Cognizant Technology Solutions Corporation, Odyssey America Reinsurance Corporation, Filial Stockholm, CHINA MINSHENG BANKING CORP., LTD., Commonwealth Bank of Australia, Sheshunoff Consulting + Solutions, Devon Bank, Capgemini S.A., Jack Henry & Associates, Inc., Harland Financial Solutions, Inc, FIDELITY NATIONAL INFORMATION SERVICES, INC., Infosys Limited, VIVEO SARLU, Oracle Corporation, SPARSH BPO SERVICES LIMITED, Bank of Akron, Misys Plc, Fiserv, Inc., Tata Consultancy Services Limited, Open Solutions Inc., China American Petrochemical Co.,Ltd, TEMENOS Group AG, DEUTSCHE BANK AKTIENGESELLSCHAFT, Microsoft Corporation