IBM opens three banking centres of excellence

IBM has opened three new banking centres of excellence (BCOEs) to help financial services clients modernise ageing computing systems.

IBM has opened three new banking centres of excellence (BCOEs) to help financial services clients modernise ageing computing systems.

The centres are housed at sites in Silicon Valley, New York state and Seoul, and customers can access them directly or virtually.

IBM said the BCOEs will work with banks to help design and implement next generation back office systems, transforming their legacy application software to flexible, open standards-based core banking and payments solutions.

As a result, said IBM, banks can more quickly adjust to shifting market conditions, lower operating costs and achieve a single view of customer information, leading to more personalised banking products and services for consumers.

The BCOEs are based on IBM’s System z mainframe technology.

Customer oriented systems drive banking IT spending

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