Many banks are dissatisfied with their existing core banking platforms, and over 75% of banks agree that a modern, cloud-native core would enable them to:
1. Release and update products faster
2. Provide a better customer experience
3. Enable staff to do their jobs better
4. Provide easier access to data and reporting
5. Benefit from operational and cost efficiencies.
But despite the benefits, modernizing a core banking platform is a significant, operationally critical endeavor. It requires the right approach to understand, manage, and mitigate implementation risks successfully.
This whitepaper from 10x, in collaboration with AWS and Contino, covers how banks should approach a cloud-native core banking modernization project.
It outlines why banks should consider cloud-native core banking before sharing a six-step data migration framework and the tools needed for a resilient, low-risk project.
As a result, banks can deliver a risk-managed core banking data migration that will transform the customer experience, avoid downtime, meet the regulator's expectations, and effectively manage transition costs.
