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Core Systems for Private Banking: Processing the Accounts of the Rich and FamousPublished by: TowerGroup Published: Jun. 1, 2000 - 11 Pages Table of ContentsHighlights Introduction Background Evolutions of Private Banking The Private Banking Market Core Systems Functionality Vendor Software Overview Recent Developments and Issues Conclusions AbstractPrivate banking is recognized as the most profitable retail business segment. FSIs must provide a high level of both personal and technology-based services to high-net-worth individuals. These technology services will be required for FSIs to retain and attract high-wealth clients.This TowerGroup Research Note examines the growth of the high-wealth market, provides an overview of the systems used for processing private banking clients, and identifies new technologies being employed by FSIs.
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