Core Decisions

Every three to five years, most banks are faced with re-evaluating core banking systems. This represents both burden and opportunity. You are selecting a long-term strategic partner on whom you will rely for years to come, so you need to choose well.

At the same time, introducing a more sophisticated core system is a chance to transform your bank. The right core system can facilitate agile new product initiatives, introduce flexibility in measurement and reporting, better meet compliance requirements, and bring myriad operational efficiencies to light.

If you are like most bank professionals you’ve had to undertake this decision process once or twice in your career. Vitex professionals help clients make core decisions every day. This means we know the right questions to ask, we have insight to all the core systems vendors and can help you identify both your current core banking needs and those you are likely to need in the future.

Our core decision process is similar to our general vendor decision process in that we talk to everyone, analyze your needs, identify the functions you need – and those you don’t – then bring in the best vendors to provide proposals and demos. What makes us different from competitors is our ability to deliver true apples-to-apples comparisons so that you can clearly see the benefits and drawbacks of each proposed vendor. Rest assured we will fetter out several viable choices so there is no wrong decision, but we will also provide the clear comparison you need in order to make the very best choice.

As always, Vitex has no technology partnerships and receives no benefit from the vendors we bring to the process. Our only allegiance is to you.