Abstract

Banks are preparing the system for the new concept of the 2020's. The framework of the core-banking solution is that various demands must be accommodated. In addition, the development process of new system must solve problems, such as obtaining the economic feasibility and expandability as well as minimizing the risk elements. This study verified the superiority of converging framework by analyzing the framework of new converging core-banking solution that can accommodate the current core-banking solution and future requirements. In addition, the study proposed application methods and the pros & cons of a converging framework. The migration effects and successful elements for changing to a new system are proposed.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call