Banks: have you thought about coexistence in your modernisation journey?
Industries worldwide are undergoing digital transformation to meet high customer expectations. The banking industry is no exception, and forward-looking banks are leveraging cloud, API, streaming and open source databases to future-proof core functions. However, the traditional big bang migration approach poses significant risks, such as operational disruption, data loss, and security vulnerabilities. Today, maintaining the utility of a legacy core while incrementally delivering value to the bank by introducing a modern platform is the preferred method of modernising. Read more about how a successful coexistence strategy is crucial for a bank's digital transformation.