Five Community Bank Core Provider Strategies


Manage episode 272193923 series 1767659
By American Bankers Association. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Community and midsize banks aren’t one-size-fits-all, and neither are the strategies they can adopt for their core processing needs. On the ABA Banking Journal Podcast — sponsored by Reich and Tang Deposit Solutions — two community bank CIOs describe five strategies banks can pursue, from the familiar one-stop-shop model to options like headless cores, best-in-breed and “sidecar” cores.

D.J. Seeterlin of Chesapeake Bank and Jaime Manriquez of Santa Cruz County Bank — both members of ABA’s Core Platforms Committee — outline benefits and drawbacks of each strategy, including what they mean for speed to market, tightness and flexibility for integration, vendor management needs and on-staff tech know-how. They also discuss the directions their banks are taking. The conversation with Seeterlin and Manriquez provides a game plan for conversations that banks need to have well before they start evaluating today’s core provider marketplace.

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