FALLS CHURCH, US: CSC introduced Celeriti, an end-to-end suite of software products, components and services to help financial institutions of all sizes realize the benefits of modern enterprise banking, cards, payments and lending platforms. The Celeriti suite as claimed is designed to help both existing CSC clients and other institutions create a richer, differentiated and consistent customer experience across all delivery channels; accelerate new product introductions and changes, especially in response to new regulations; and gain better insights into their customer actions for improved decision-making.

These offerings are available to banks and other financial institutions that don’t already use CSC’s software, and to current clients considering entirely new systems. These products incorporate major new capabilities that can also be delivered as new licensed components to existing clients. The major new capabilities are a Web portal user interface, service-oriented architecture (SOA) business processes and Web services, business intelligence and data warehouse, business rules and parameters, and distributed platform architecture. The new components add functionality and provide CSC’s existing Hogan and CAMS II licensees with a path to incrementally modernize their IT environments.

“TowerGroup believes that financial services institutions (FSIs) will succeed only if they are able to improve their ability to respond to customer needs in real time or near real time, through whichever channel the customer prefers to use,” said Jim Eckenrode, research executive for banking at TowerGroup, a research and advisory services firm focusing on financial services. “This starts with modernization at the back end, in the legacy systems. FSIs need to modernize systems to allow for more creative and rapid development of new products, analytics to manage pricing and risk, investments in channel technologies to emphasize a consistent look and feel and better usability, and event-sensing capabilities, so that when a need is identified the FSI is able to respond to it quickly.”