Banks, Financial Institutions and Core banking software providers
With the ever changing technology, many banks and financial institutions are facing it difficult to cope up with the IT specifications with the maintenance of their Core banking systems. Investing on IT infrastructure which is a huge capital cost is not a financially viable option for the banks. Most of the banks and financial institutions which have tried maintaining in-house core banking systems could not focus on their core business process as the compliance issues with IT maintenance was becoming more demanding.
This has paved way for banks to look out for Core banking software providers who can relieve them off the IT components. With the total IT domain off their shoulders, banks were able to work with much more efficiency focusing on their core domain with increased customer satisfaction. Leveraging upon the partners expertise, banks and financial institutions are able to get the best IT experience with reduced capital cost. This in turn helped these institutions to invest in resources which would add more productive value to their operations in terms of core domain area. With the software providers taking care of end to end support solutions, this method turned out be the most viable solution that all the banks and financial institutions have been looking upto.
One such specialist in the core banking software provider is Temenos and T24 being the name of their product. Over 2,000 firms across the globe, including 38 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Page Solutions has paramount expertise in Temenos T24 having their presence worldwide in countries such as UK, USA, Canada, Singapore, Netherlands, UAE and India. Page Solutions has over 120 T24 certified consultants has carved a reputation for delivering top quality, cost sensitive and time effective services to clients.
With the partnership benefits being pretty much clear, Banks and financial institutions irrespective of size have been migrating to this approach.
