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  1. Yangon University of Economics
  1. Yangon University of Economics
  2. Master of Banking and Finance (MBF/EMBF)

CHALLENGES AND ISSUES OF CORE BANKING TRANSFORMATION OF PRIVATE BANKS IN MYANMAR (May Lin Thaw,2018)

http://hdl.handle.net/20.500.12678/0000001446
http://hdl.handle.net/20.500.12678/0000001446
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6fd6aacb-1099-4b9b-bec7-c7da54ab9978
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Title
Title CHALLENGES AND ISSUES OF CORE BANKING TRANSFORMATION OF PRIVATE BANKS IN MYANMAR (May Lin Thaw,2018)
Language en
Publication date 2018-12-01
Authors
MAY LIN THAW
Description
This study focused on challenges and issues of CORE banking transformation of Private Banks in Myanmar. Two major objectives are to identify CORE banking transformation practices and analyze challenges and issues when implementing CORE banking transformation of selected Private Banks in Myanmar. There are 26 private banks and 4 stated own banks in Myanmar. 17 private banks are doing for CORE Banking transformation to allow a bank to centralize its record keeping, allow access from any location and go forward with digital banking. CORE Banking transformation is one of the recent developments for banking transformation in the field of banking and it has proved to be very useful in Myanmar. This study was carried out using a descriptive survey design with a questionnaire. Data was collected from 60 CORE banking members of selected Private Banks which are AYA (Ayeyarwady Bank), MCB (Myanmar Citizens Bank) and A bank (Ayeyarwaddy Farmers Development Bank) with different CBS Vendors during their CORE banking transformation process period. This data was analyzed using SPSS Version 22 and manipulated through descriptive statistics. Findings indicated that the main challenges and issues of CORE banking transformation evolve out its key entities which are banks’ goal, data migration and bankers’ availability and security infrastructure with customer centric strategies benefit. Utmost of the respondents are agreed that Data Migration and Security is the main challenges and issues on CORE banking transformation. And the study suggests observation on the benefit of CORE banking transformation of selected Private Banks and recommendation to major challenges and issues faced by Myanmar Private Banks.
Journal articles
Yangon University of Economics
Thesis/dissertations
Yangon University of Economics
Daw Yee Yee Thein
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