Many banks, credit unions, and building societies face a challenge. Their technology stack restricts them from delivering the products, customer service, and experiences they want.
It creates a glass ceiling that dictates how much flexibility, control, and insight banks have at their disposal. And how much of this they can pass on to their customers.
Modern, cloud-native banking platforms offer a solution, but plotting a migration path creates a challenge of its own: how do banks migrate away from their current provision in a safe, low-risk way that doesn't impact customers or service delivery?
After all, customers need to pay for goods, check balances, and manage their repayments 24 hours a day, 365 days a year. Unsuccessful migrations can lead to data loss, reputational damage, and regulatory fines. So all parties involved must be aligned, agreed, and confident in the approach.
10x and Cognizant's core banking migration overview outlines a six-step approach that de-risks and accelerates the legacy-to-cloud core migration process.
For more information, read the full PDF below. You don’t need to fill in a form to download it.
Contact our team today if you have any questions or require more detail. We're releasing more on how to deliver a successful migration soon, so follow 10x on LinkedIn to be the first to hear about it.
For more detailed info on core banking migration, fill out the form to get a copy of our whitepaper: Making Sense of Cloud-Native Core Banking Migration.