Transform the core for a sustainable platform
Overcome legacy barriers impeding growth by transforming the core banking system. Adopt a progressive approach to modernizing systems to achieve time-sensitive goals with minimal risks and measurable outcomes.
Banks continue to layer new business models over existing, non-compatible systems, limiting straight-through processing from front to back office. Moreover, integration with emerging technologies often results in lower productivity and increased complexity.
Impact and issues of legacy core banking system
World Retail Banking Report 2020
The World Retail Banking Report 2020 from Capgemini and Efma explores how retail banks are facing pressure to transform, as new entrants focused on customer experience gain significant market traction while the current pandemic environment drives consumers to digitally interact more with their banks. The report highlights the need for banks to evolve into platform-based models and transform their core to stay competitive.
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