The right approach to core banking system modernization depends on the digital business pathway you’re pursuing. In this report, Gartner® provides a practical framework to identify which of four key strategies is best for your bank, including:
- Simplifying core systems and advancing surrounding architecture to support digital channels
- Targeting core systems for renovation by product or line of business
- Launching new products and migrating customer data to future-state core systems over time
- Enabling next-generation banking through third-party integration based on industry-standard models
Gartner, 4 Core Banking Modernization Strategies to Enable Digital Business, by Don Free, 13 March 2024.
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