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Embracing change at the heart of banking

Why a modern, cloud-enabled core matters

70%

of banks say that they are either analyzing how to modernize or have started modernizing their core banking systems and are exploring the potential of next-generation core banking platforms.

5–10 pts

potential improvement in cost-to-income ratio can be achieved by banks that transform their core banking systems.

75%

reduction in time to market that banks can achieve for new products by transforming their core banking systems

What you can do

Core banking modernization is an obvious necessity when viewed holistically. But first start by clearly defining the risks and impacts to create compelling reasons for change. Enhance internal awareness by promoting transparency and collaboration on the identified risks and the benefits of modernization.

A successful core modernization must first consider the strategic IT target state (beyond core banking) to guide a gradual transformation roadmap towards the north star. This approach reduces risks, balances investments, and ensures timely business outcomes.

Interoperability and composability are key for organizations to evolve with the market, thanks to high modularity and readiness for change across business and IT. Interoperable architectures enable a hybrid core where legacy and next-gen core systems work seamlessly together and with other systems, de-risking the transformation program and ensuring a fit for purpose approach.

Generative AI offers banks an exciting opportunity to replace their complex legacy COBOL code with simpler, more flexible programs that support their modernization strategy.

A modern core requires new skills and a deeper understanding of technology, change management, communication and partnering for rapid results. Ensure you have access to the skilled resources who will equip you to generate value in the future.

Our leaders

Alvaro Ruiz

Global Core Banking Lead

José Luis Navas López

Global Core Banking Solution Lead

Javier Díaz-Mauriño

Core Banking Go To Market Lead

Pavel Bilovsky

Global Core Banking Delivery Lead