Core banking modernization requires a strategic approach, with experts advising against immediate system replacement. Instead, the recommended sequence involves first decoupling critical business functions and dependencies from the legacy core. This allows for a gradual migration of regulatory obligations and operational workloads, reducing the risk associated with a single cutover. Banks should assess internal conditions, such as the legacy system's ongoing regulatory responsibilities and the alignment of timelines with board expectations, before committing to a full replacement. AI
IMPACT This article focuses on core banking modernization strategies, with no direct impact on AI operations or development.
RANK_REASON The article provides expert opinion and strategic advice on a technical process, rather than announcing a new product or research.
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