By John Ginovsky

Given that replacing the core computer system upon which a bank depends to keep its customers, staff, boardmembers, and stockholders happy is akin to transplanting someone’s brain and nervous system, why do it?

Bart Narter, senior vice-president for the banking group of research firm Celent Inc., asked that very question.

By John Ginovsky, contributing editor

Online banking, once state of the art, has failed to keep up with the times. Banks in general are missing out on new revenue and cost-cutting opportunities, concludes a recent report from Celent Inc.

“The online banking space has stagnated for far too long. The evolution of the internet has provided consumers with rich and