The firm's homegrown, flagship product is Flexcube, an acronym for flexible and comprehensive universal banking environment.
In Europe, universal banking, which combines retail and commercial banking with racier wholesale and investment sorts, is commonplace and likely to persist.
In recent years the trend has been towards some form of universal banking, with the same bank providing both retail and investment services.
Yet, the size of the problem, much like the universal banking problems, may have as much to do with this increase in crime as any.
"Significant management changes have been implemented, a universal banking business model offers its own diversification attractions, whilst cyclical economic exposure and the lack of government ownership also appeal, " he said.
In America, which banned universal banking after the Great Depression under the Glass-Steagall act, the division between the two kinds was incrementally weakened for decades, before it was finally scrapped in 1999.
But stand-alone investment banks face an even wobblier future than their universal-banking cousins.
The second objection is that there are diversification benefits to the universal-banking model.
"The right direction for Indonesia is universal or supermarket banking, " says Okkie, who notes that two other corporate-oriented players, Bank Niaga (No. 324) and Bank Bira (No. 427), are going the retail banking route.
Over the past few months it has looked at the cross-subsidy between retail and investment banking in universal banks.
ECONOMIST: Two views on new banking rules are better than one
Part of the Sinar Mas wood-based empire, the Jakarta-based institution has grappled with another issue facing Asian banks in a changing industry: universal vs. niche banking.
The company has shed divisions such as NBC Universal and is shrinking its banking operations.
Even if the investment-banking arms of universal banks nominally have to raise money separately, their parents' ratings still make their funding cheaper.
Some remarkable research by our sister paper, Financial News, found that in a sample of eight of the biggest investment banks and investment banking divisions of universal banks, the compensation paid over the past five years amounted to 2.6 times the pre-tax profits earned.
That promises seven or eight undifferentiated, under-sized, European-style universal banks offering everything from investment banking to housing loans.
First, there is the decline of stand-alone investment banks, and the concomitant resurgence of universal banks, which combine investment banking with the simpler commercial- and retail-banking sort.
Most universal banks with subscale investment-banking arms will neither find buyers (given the current slump in earnings) nor will they be able to wind down these businesses without incurring big losses.
And he was a member of the Independent Commission on Banking, set up by the chancellor, which recommended that a ring fence be put around the retail banking operations of giant universal banks like Barclays.
While I laud these groups and countless others organized around specific scams, there still also needs to be a non-governmental organization dedicated to universal investor protection across all non-banking financial services.
Products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking product, which offers solutions to address core banking, mobile banking and e-banking needs of retail, corporate and universal banks worldwide.
And it is interesting that, for him, the fundamental question is whether it is possible to have an effective single code of conduct for a universal bank like Barclays, when the motivations and instincts of investment banking traders and branch managers are so different.
As credit has become scarce, moreover, universal banks have been able to demand a larger share of lucrative investment-banking business from their clients in return for offering loans.
Demand for many services will not go away, but in a world of scarcer credit, universal banks will be tempted to use their lending capacity to win juicier investment-banking business from companies.
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