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How We Can Deliver Risk-Managed Transformation: Modular Deployment of the Integrated Solution

Most banks are aware that they urgently need to transform their siloed IT infrastructure with an integrated banking platform. But doing so is perceived as a risky proposition fraught with many challenges. So with integrated banking platform being mandatory but risky, what is your bank to do?

You can adopt a modular deployment approach to the integrated solution, which mitigates the inherent risks but maximizes the advantages of transformation.

You can get started with a phased roadmap for transformation. Finacle can help you segment transformation into a number of phases, defined by your bank’s business volumes, segments, value and priorities. You may choose to transform earmarked low-impact areas of core first; for instance you may opt to focus on the retail liabilities business first. Alternately, you may look at streamlining business in a particular focus geography that is a primary source of business. Irrespective of the phase-defining parameters your bank chooses, Finacle approaches transformation from three interwoven perspectives:

  • Customer Experience-led Transformation
  • Product and Services Innovation-led Transformation
  • Process-led Transformation
These are not independent routes to resurrecting core banking but judicious focus areas adopted during the transformation process. As transformation progresses, your bank can concentrate on each of these, at different points in time, without entirely losing sight of the other two.

At all times, your bank enjoys an integrated view into what it is doing and what it hopes to achieve, from the transformation journey.

Finacle also endeavours to de-risk the transformation process by helping your bank:
  • Maintain stringent focus on adherence to regulation and compliance norms
  • Ensuring pervasive simplicity inside and sophistication in communication and presentation on the outside

You can leverage the integrated banking platform to:


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Testimonial

"...we went during 2007 around the world visiting different banks and many IT companies looking for the right partners to help us go into the future. With that our replacement of IT solutions we decided to change the core system we have right now and we looked at different core systems. We ended up with three finalists and we decided to go for Finacle…”

Olga Botero,
CIO,
Bancolombia