Special Supplement: Core Banking - Preparing For Future Fusion - As Banking Requirements Advance, The Systems And Software Required To Service Core Banking Operations Grow Ever More Complex. The Solution, It Appears, Is A Flexible System That Can Adapt An.(Deutsche Postbank AG.)

Banker, The, September, 2005

Having a heart transplant doesn't sound too appealing if you aren't in a life-or-death situation. However, the world of finance follows Darwinian principles and one's level of fitness can mean the difference between survival and extinction. When Deutsche Postbank wanted to evolve into a full retail banking operation, a heart transplant is effectively what it opted for.

During the 1980s, Deutsche Postbank broke away from government ownership, offering limited, basic retail-banking products. When it wanted to expand the range of services in the mid-1990s, the bank realised that it would have to find easily installed, inexpensive systems that would provide it with a good level of infrastructure and reporting capability to meet regulatory requirements. As Ludger...

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