Is Your Core Stopping Your Digital Plan?
There is an ever-increasing demand for faster payment channels, integrated and easy-to-use online and mobile platforms, and the ability to link all aspects of one’s financial life. The wrong core can inhibit necessary technology.
Legacy core systems can be difficult to manage, expensive to maintain, and slow to evolve. In fact, legacy costs are the biggest impediment when it comes to community banks and credit unions tackling digital projects. According to a recent Celent report, high legacy costs are the biggest impediment in improving digital sophistication. However, we know that the demand for digital services requires a change in operating models.
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