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The emphasis is shifting from finding the system that precisely matches requirements to delivery capability - finding a core system that can be implemented with the minimum of trauma. Experienced core banking project managers will tell you how each time they complete a project they carry forward their success secrets to the next project - and their next project will be the perfect project. But the world, the banks, and the projects change and each time there are different constraints and new challenges. Each time the project managers find themselves up against a harder backstop – increasing scale, worsening software quality, budget and resource limitations and customer expectations that are unrealistic. The stakeholders get scared and compare changing the core banking system to performing a heart transplant, yet refuse to learn from history. There are however some enduring secrets that can guarantee failure.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Paula Hunter Executive Director at Mojaloop Foundation
23 August
Shiv Nanda Content Strategist at https://www.financialexpress.com/
22 August
Alexander Boehm Chief Executive Officer at PayRate42
Alex Kreger Founder & CEO at UXDA
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