transactions balances in overnight batch processing, which makes it difficult for them to cater to the fast moving mobile app savvy customer expectation. Banks have realized this gap and in order to stay relevant and competitive will look to upgrade or replace their core banking systems in the coming years which will consequently drive universal banking system deals. The more successful system suppliers who can take advantage of this demand will be the ones who make their product as customer friendly, economic and scalable as possible. Cloud based solutions and modular architecture will be a key for success here.
