A Transformation Approach to Smarter Core Banking
The way today's economies are functioning, plus growing competitiveness between banks, demands a very flexible IT environment. Banks must be able to quickly comply with new regulations, introduce and bundle products, enter new marketplaces, and make swift business decisions to increase profitability and revenue. An agile IT environment that can easily and continuously be adapted to changing business needs is key. However, many core banking systems have been modified, extended, replaced and customized over time, resulting in a vast and complex web of customized code, especially when this is done without strong and structured enterprise-wide governance.