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Why Now is the Right Time for Core Banking Modernization
This IDC InfoBrief describes the current and new drivers for core system modernization in banking worldwide, including:
IDC’s definition of a core system
What a modern, digital core platform looks like
Reasons why core modernization is important
Why today’s justifications to modernize are more complex than in the past
Challenges of core modernization
The importance of cloud in core processing
Guidance to banks that are considering core system modernization
Read on to learn more!
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What is the next step in your banking modernization journey?
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Please Select
I want to bring more flexibility and efficiency to my core banking operations (onboarding, loan origination, payments, lending or collections) by migrating to cloud
I am looking to modernize my banking architecture with a hyper-scalable core engine that’s built-on a microservices and API-first architecture.
I want to provide ready-to-go retail digital banking experiences with a SaaS-based, digital banking platform
I want to deliver quick, simple, and easily consumable digital originations capabilities
When is your organization looking to change or enhance its core or digital banking system?
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Within the next 6-12 months
1-2 years from now
2 years or more
Not applicable – My organization is not looking to change or enhance its current core or digital banking system
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