In most banks, the application logic needed to offer products and services are locked in monolithic core banking systems that are difficult, if not impossible, to change or modify without undue risk and long time frames. This prevents the lines of business from responding in a timely (and efficient) manner to market changes.
Goals and Objectives
Create a core technology architecture that is better aligned to the lines of business and capable of responding to, or disrupting, the bank’s future business models, without the risk and expense of swapping core systems wholesale.
- RESTful API Description Languages
- Cloud-based App Dev
- API Testing platforms
- Modular Core Processing systems
Use Case Summary
Progressively moving the line of business applications from the core to more modern infrastructures creates a business architecture that is able to respond faster and more efficiently to the needs of the industry. The core remains as a stable transaction processing engine and system of record.