transaction processing software

It's not uncommon for large investment banks to spend well over €100m per annum maintaining their back office processing systems. These tend to be dated mainframe applications or first generation component architected applications, the cost of actually replacing these systems usually runs in €100m's and takes several years.

Our client, a senior functional architect for one of the largest European Banks has approached us with a new, fully architected and functionally designed back office processing system.

With globalisation being the norm for integrated banking systems and the need to reduce the cost per transaction of all trades within banking, there is a real drive to implement efficient, low maintenance, exception based, truly component architected systems.

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