Top positive review
A very good reference to IT in Retail Banking!
on 9 May 2008
This book has been written with extensive contribution by numerous companies providing IT services and compelete banking solutions to the retail banking industry.
I particularly appreciated the thorough insight into different banking systems and platforms used by iFlex, Misys, Chordiant and Temenos who are also the biggest contributors to the books content. Another interesting part was the depiction of the Account Management System but there should be more diagrams indicating the architecture of low-level banking systems. Core banking systems are well explained but again I do believe a more thorough explanation is necessary for the reader to understand every aspect of it.
The financial data provided is fascinating and quite informative and there is some useful linking of that information to IT system features.
I was in fact looking for a book that would have covered more on the aspects of how software installed within a bank's server communicates effectively with POS terminals to carry out credit/debit card transactions. However, that was not the case here. Although, I don't think there is a book out there that covers the subject in greater depth.
I would highly recommend the book to IT professionals and retail bank executives.