Why modernize your core? Establishing a strong, sustainable business case

Core banking modernization is about the replacement, upgrade or outsourcing of a bank’s mission-critical processing platform. In practice, it’s comparable to a multi-organ transplant and can be risky and expensive. So why bother?
The aim of core modernization is to boost efficiency, reduce costs and deliver customer delight. But the business case for such a mammoth undertaking is not always clear or sustainable. With technology moving center stage in banking, having the right platform has become the baseline for business success. All banks must digitalize so they can become more agile, cost effective and customer centric. But bank transformation is about much more than technology – it’s also about business processes and culture.
This white paper shows how technology + culture + process = a successful business case for core banking modernization. Discover the critical steps of a digital transformation roadmap driven by sustainable qualitative and quantitative business benefits.