Core banking system scalability review: bank efforts to ensure digital transformation readiness
The disruption wave as because of the digital technology nowadays are happen in all industries, including in the banking industry. In carrying out this digital transformation bank has to start to take initiative at Open Banking strategy, to optimize the opportunity and minimize or manage the risk. However open Banking models will making implication on the increasingly hit from the external parties. It will be new and more unpredictable data volumes as third parties request access to the banking system. Bank has to prepare their Banking system on the Enterprise Architecture, and one of the concerns is on the scalability. nTraditional core banking system running at platform such as power, mainframe and other legacy technology might have the challenge and bottleneck to scalability. Most of Banks in Indonesia currently are still using traditional core banking system. In this work, testing and analysis are carried out to test whether the traditional banking core system running on the Power platform can be scalable to support open banking strategy.nThe results found were that the core banking system could be scalable, but needed a lot of enhancement on the core banking application side, as well as capacity upgrading on the server side. The scalability in this server is also on the vertical mode scalability. It is necessary to take into account the costs required to carry out the development and upgrade. The resulting numbers can be a reference for decision making regarding the future core banking system plan.
M00562 | (Rack Thesis) | Available |
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