Transaction banking is ofcourse going to be more critical because in developed countries the core banking segment is pretty stagnant because of stable population base.
All of these transaction banking , core banking , risk management are individual components with a plug and play feature. This is the basis of what in IT is called as component based architecture.
No bank will go for the entire suite as the risks would be too high. So you plug in areas with maximum demand. E.g. IDFC has chosen IDA for its transaction banking component only while its core banking suite will be something else.
Another info Rakesh Jhunjhunwala has further upped his stake in IDA as per the latest shareholding pattern. That is the reason for the current upswing.
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