At the BAI Retail Delivery 2013, Zions Bancorporation CIO Joe Reilly compared the risks and rewards of core systems modernization and discussed the TCS BaNCS-Zions partnership.
Joe Reilly, CIO, Zions Bancorporation highlights the need to transform from legacy core system to modern core banking system. He believes the measured short term risk of a core systems replacement is worthwhile to achieve the long-term benefits that come from a modern core solution.
Reilly states that TCS BaNCS was selected for this among 8 different vendors due to its superior technical solution, strong product vision and strategy.
Post implementation of Core Banking solution from TCS BaNCS, Reilly expects to see operational efficiency gains due to the reduced complexity of the modern core banking system, significantly reduced time to market for new products, and a 360, holistic view of the customer.
Read the complete article at Bank Systems & Technology.
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