The Impact of the Financial Crisis on Core Systems Replacement

28 September 2011 by Oracle

The last two years have been extremely challenging ones for the financial services industry. The United States saw the failure of more than 200 banks, and the impact of the U.S. credit crisis was felt by banks around the globe. The credit crisis and resulting recession have forced a paradigm shift within the financial services industry, resulting in new expectations for information transparency and the ways in which institutions interact with their customers.