Banks often find themselves restricted from upgrading and deploying digital products and services of their own due to outdated banking cores, but a rip-and-replace isn’t realistic. Luckily, there’s a better route. By supplementing legacy technology with APIs on an incremental basis, FIs can accomplish a strategically phased technological transition. Learn more in our Embedded Finance Tracker with PYMNTS https://bit.ly/4ctNstS
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Six in 10 banking executives view FinTechs as a major threat due to their agility and digital prowess. This edition of the Embedded Finance Tracker® with Galileo Financial Technologies explores how modernizing legacy systems is crucial for banks to stay competitive and win back consumers. https://lnkd.in/e2mmhY7G
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Facing the digital shift, banks need to modernize their core systems to meet evolving customer expectations. Our guide, in collaboration with BCG Platinion, outlines effective strategies for Core Banking System Modernization. 📘 For banks aiming to stay competitive and exceed customer expectations, our publication is a must-read. Discover our insights and our battle-tested approach: https://lnkd.in/dt6UvVwk #DigitalTransformation #CBSModernization #BCGintheMiddleEast
🔄The shift to modern Core Banking Systems (CBS) is undeniable, yet fraught with challenges. From strategic risks to operational hurdles and regulatory compliance, the journey to modernization seems daunting. 📖 Read on to uncover proven strategies for navigating CBS modernization and unlocking its myriad benefits. 🌐 https://lnkd.in/eKVe_Stn #BCGintheMiddleEast #Banking #DigitalTransformation #CBSModernization
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Dive into the future of finance with Temenos’ Jeremy Boot and the BIS's latest working paper, ‘Finternet: The Financial System for the Future’. Imagine a world where finances operate on shared, interoperable ledgers - the Finternet proposes just that! This seismic shift from siloed record-keeping to unified systems could reshape global finance. While achieving this vision will require extensive collaboration, hybrid solutions might soon emerge, paving the way for a connected financial ecosystem. Learn what would this new model could mean for banks as Jeremy Boot, Product Strategist at Temenos digs deeper in this blog: https://lnkd.in/gnRsRmsV #CBDC #WealthManagement #tokenization
Beyond the Core - how tokenization on shared ledgers will drive change for banks
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Latest Finopotamus News: Should FIs Focus on Digital or Branch Service Offerings? New Report Suggests a Holistic Approach Augusta Bauknight Slaven Bilac Agent IQ Worldwide Business Research (WBR) Future Branches BMO BMO US Brianna Elsass Kaustubh Krishna Srivastava #fintech #creditunions #branchbanking #digitalbanking
Should FIs Focus on Digital or Branch Service Offerings? New Report Suggests a Holistic Approach
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Latest Finopotamus News: Should FIs Focus on Digital or Branch Service Offerings? New Report Suggests a Holistic Approach Augusta Bauknight Slaven Bilac Agent IQ Worldwide Business Research (WBR) Future Branches BMO BMO US Brianna Elsass Kaustubh Krishna Srivastava #fintech #creditunions #branchbanking #digitalbanking
Should FIs Focus on Digital or Branch Service Offerings? New Report Suggests a Holistic Approach
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Modernizing legacy Core Banking System (CBS) is a challenge most Banks are either undergoing or will need to tackle in near future. De-risking such 'open heart surgery' is critical to ensuring operational stability and securing brand's trustworthy image.
🔄The shift to modern Core Banking Systems (CBS) is undeniable, yet fraught with challenges. From strategic risks to operational hurdles and regulatory compliance, the journey to modernization seems daunting. 📖 Read on to uncover proven strategies for navigating CBS modernization and unlocking its myriad benefits. 🌐 https://lnkd.in/eKVe_Stn #BCGintheMiddleEast #Banking #DigitalTransformation #CBSModernization
📖 Strategies for Mitigating Financial Risks in Today’s Volatile Markets
bcgplatinion.com
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Dive into the future of finance with Temenos’ Jeremy Boot and the BIS's latest working paper, ‘Finternet: The Financial System for the Future’. Imagine a world where finances operate on shared, interoperable ledgers - the Finternet proposes just that! This seismic shift from siloed record-keeping to unified systems could reshape global finance. While achieving this vision will require extensive collaboration, hybrid solutions might soon emerge, paving the way for a connected financial ecosystem. Learn what would this new model could mean for banks as Jeremy Boot, Product Strategist at Temenos digs deeper in this blog: https://lnkd.in/gQHbBiEf #CBDC #WealthManagement #tokenization
Beyond the Core - how tokenization on shared ledgers will drive change for banks
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Join us TODAY at #Sibos for a panel discussion "Modernizing Banking Through Cloud-Native Transformation with Thought Machine, GFT and Red Hat." See you at 4pm in the Thought Machine Booth
Modernize core banking with Red Hat, Thought Machine, and GFT
redhat.com
