CSC finds first customer for Celeriti banking software

Stephen Withers
Monday, 09 May 2011 16:04

Business IT - Technology

Software and services giant CSC announced its Celeriti banking software last June and has just delivered the initial modules to the first customer. The company is in "active discussions with a number of Australian banks," according to a spokesperson.

CSC has delivered the first two modules - Customer and Deposits - of its Celeriti banking software to First Tennessee Bank, the first customer for the suite. Loans, Cards and Merchant modules have also been announced.

Company officials claim Celeriti allows the progressive modernisation of core systems, a process that can be faster, cheaper and less risky that a wholesale replacement.

"Some banks are spending upwards of $1 billion on core systems replacement projects when higher business benefits could be delivered faster and at a fraction of the cost using an incremental approach," said Paul Leadbetter, global chief technology officer of CSC's banking and credit services division. "For banks wanting to deliver a true multi-brand and differentiated experience, Celeriti is customer centric and delivers personalised, accurate and timely content to all of the delivery channels, allowing banks to broaden their services offerings to customers and grow wallet share."

Celeriti features a service-oriented architecture and Web services to help integration with other software. It includes business intelligence and data warehouse functionality, and covers core banking, cards, payments, and lending.

CSC already has a foothold in more than 400 banks around the world thanks to its widely-used Hogan software for core banking and cards management functions.