Published: 21 July 2000
ID: G0091227
Analyst(s): Kurt Brenneman
Management Summary Core processing systems form the basis of the retail bank's IT platform, providing the central accounting, customer information management and transaction-processing functions. Traditionally running on IBM mainframes, these systems are offered by a select group of vendors that have long been intertwined with banking technology. There are five components to a core processing system: the deposit processing system, the loan accounting and servicing system, the general ledger system, the customer information system, and the reporting tools. This Context Overview Report provides a description of these components for core processing systems, describes the outsourcing of these products, which is one of the principle means of delivery, and discusses additional issues involved with these core systems.
©2021 Gartner, Inc. and/or its affiliates.
All rights reserved.
Gartner is a registered trademark of Gartner, Inc. and its affiliates.
This publication may not be reproduced or distributed in any form without Gartner’s prior written permission.
It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact.
While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information.
Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such.
Your access and use of this publication are governed by Gartner’s Usage Policy.
Gartner prides itself on its reputation for independence and objectivity.
Its research is produced independently by its research organization without input or influence from any third party.
For further information, see Guiding Principles on Independence and Objectivity.