2013-01-27 18:54:39 - Voxzen Consulting Group: Given the risk and multiple stakeholders involved, banks need SI partners that can collaborate and communicate with internal constituents and with other third parties, and have demonstrated domain and technical expertise aligning software solutions with business objectives.Given the risk and multiple stakeholders involved, banks need SI partners that can collaborate and communicate with internal constituents and with other third parties, and have demonstrated domain and technical expertise aligning software solutions with business objectives.

The responsibilities of an SI are viewed differently across regions. In Asia, banks look at an SI as a partner that can bring in banking expertise. Banks are keen to understand industry-specific offerings and service/product innovations that can benefit the bank. They also look at an SI as an entity that can help them transform their program management practices, bringing added efficiencies in scale and execution.

In Europe, banks look at an SI to provide expertise in two main areas: product expertise, and as a change agent to help them improve internal program/project management processes. The dimensions used by bank IT organizations to evaluate core banking systems integrators are not always the same as the areas that core banking SIs

focus on. A large number of SIs emphasize more horizontal skills across multiple core banking products.

On the other hand, banks look for SIs that exhibit commitment to innovation and investment in solutions in the banks’ areas of business, and that have more focused models dealing with one or two CBS products – usually supported by a strong alliance with the product vendor.

Voxzen Consulting Group