Efficient, flexible, and secure banking management

Digital sovereignty has established itself as a key factor in IT strategy – and is therefore also relevant to core banking systems. In our series of interviews ahead of the launch of the new generation of BANCOS Core Banking, we discuss this topic with CEO Christian Binderbauer: Why digital sovereignty is becoming increasingly important for banks in the EU, what risks arise from a lack of sovereignty, and where a core banking provider can take specific action.

With legacy core banking systems in particular, a significant proportion of the IT budget of banks is spent simply on keeping the system running. This considerably reduces the scope for investment in growth and innovation. In our series of interviews ahead of the launch of the new generation of BANCOS Core Banking, we talk to Product Owner Stephan Mann about how such cost structures affect core banking modernisation and what cost model banks can expect with BANCOS.

Core banking implementation projects are considered to be lengthy, expensive and difficult to budget for. Project durations spanning several years are not uncommon – and by the time they are completed, banks find themselves facing changing requirements. In this interview, BANCOS CTO Udo Oehmig and Product Owner Stephan Mann explain what typically slows down implementation projects and how the new BANCOS generation fundamentally shortens the process.