Gartner Research

Modernization, Consolidation and Regionalization Are Driving Core Banking Transformation in Asia

Published: 16 November 2012

ID: G00239622

Analyst(s): Don Free , Ethan Wang

Summary

More than 25% of large Asian banks plan to replace or upgrade their core banking systems during the next five years. Demands of modernization, regionalization and consolidation are the key drivers. Gartner provides analysis of market forces and bank activity profiles within Asia.

Table Of Contents

Analysis

  • Key Drivers of Asian Core Banking Initiatives: Modernization, Regionalization and Consolidation
  • The Future of Core Banking Modernization in Asia Must Address the Needs of Integration and Change Management
    • Modernization Is Still the Major Driving Factor for Core Banking in Asia
    • Integration With Channel, Risk Management and Business Analytic Tools
    • Change Management and Version Control Are Getting Complicated
    • Shared: A Possible Cost-Saving Option for Banks in Asia
  • The Asian Core Banking Market — Region by Region
    • An Overview of CBSs in Asia
    • Summary — Core Banking Hardware Platforms in Asia
  • Greater China Region (Mainland China, Taiwan and Hong Kong)
    • CBSs: In-house Versus Global Vendors Versus Local Vendors
    • Hardware: Mainframe for Centralization, Unix for Cost Savings
    • Driving Factors: Modernization
    • IT Culture: Local Partners and Local References
  • Japan
    • CBSs: An Enclosed Core Banking Market
    • Hardware: Mainframe Is Mainstream
    • Driving Factors: Consolidation and Modernization
    • IT Culture: Innovative in Technology, but Cautious About Cost
  • ASEAN
    • CBSs: Dominated by Local and Global Vendors
    • Hardware: IBM iSeries Fits Large ASEAN Banks Well
    • Driving Factors: Regionalization and Modernization
    • IT Culture: Islamic Banking
  • Conclusions and Recommendations

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