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No, IT is not their core business. Banking is. IT is a means to that end.

• PeterStuer 9y ago
  Not to be nit-picky, but the 'means' to provide the result are in the core-business of the enterprise inseparable from 'the business'. Being in the 'conceptual' banking business without the means to do banking isn't going to fly. Same as casting a farm as a 'food produce provider' and telling them that farming is not what their core business is about. Semantically correct, but not useful for most purposes.
  • ckastner 9y ago
    Grandparent said IT is a means. There are other means to provide the core business of banking. There are banks who outsource / spin-off not only their IT, but even transaction processing and settlement. > Same as casting a farm as a 'food produce provider' and telling them that farming is not what their core business is about The correct analogy would be the other way round: a 'food produce provider' whose core business it is to distribute food produce. Here, too, the farm is a means to the end, but it's not the only means.