American Banker found that legacy infrastructures are a huge challenge for the vast majority (89%) of banking executives. But bankers continue to put off core migration, worried about the high costs, extended time to migrate, and inherent risks.
The cloud has changed all that. A new breed of cloud-ready core banking systems allows financial institutions to seamlessly move from slow, inflexible legacy systems to the Bank of the future.
Join Madhu Magadi, Managing Director, Financial Services Industry Consulting Partner and Architecture Services at NTT DATA and Brad Steele, General Manager, North America and Managing Director, Global Partner Relationships for Thought Machine as they discuss how cloud-native modern core solutions provide the foundation for realizing the Bank of the future.
Here's just some of what you'll learn:
- How the bank of future contrasts with today's banking model
- Why adding apps on top of legacy infrastructure only adds complexity—and what to do instead
- Five components of a core modernization strategy
- Compelling use cases for core modernization