- 20 Marks
BSIM – APR 2023 – L3 – Q6 – Core Banking System Development and Success Factors
Advise on factors for in-house vs. commercial software and success factors for new core banking project.
Question
The executives of a bank have decided to change their existing core banking application and introduce a new one. In its quest to minimize the challenges associated with the introduction of new systems, you have been engaged by the bank to advise management on the following.
a) The factors that management must take into consideration in either developing the software in-house or purchasing a commercial application. [10 Marks] CIB GH 04-23 BANK STRATEGIC INFORMATION MANAGEMENT LEVEL III Page 3
b) The key factors that can affect the success of the new core banking project, and the measures that the bank can adopt to minimize the challenges.
[Total: 20 Marks]
Find Related Questions by Tags, levels, etc.
- Tags: Challenges, Core Banking Application, In-House Development, project success, purchase
- Level: Level 3
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