6 Must-Have Attributes For a Modern Digital Core
Cloud-first approach
By moving to a cloud-first approach and adopting a cloud-native architecture, banks can become more agile and competitive, enabling the bank to quickly scale their infrastructure based on business demands.
Composability
By shifting to a composable core, traditional banks can match services at the speed and scale offered by digital incumbents, providing the flexibility to compose and recompose while offering the ability to connect with best-of-the breed solutions.
DevOps-led approach
A DevOps-led core modernization approach helps banks better manage the core transformation process and reduce the risk of core modernization failures, ensuring better time to implementation and reliability of a product release.
Extensive automation
Extensive automation can help banks drive the lower cost-to income ratio and enable banks to drive operational efficiencies from systems to processes.
Data-driven core
A data-driven core is helping banks leverage data and analytics to hyper-personalize customer experiences by offering personalized recommendations, thus helping the banks to take more effective business decisions aimed at improving profitability.
Open APIs
By shifting to a digital-first core driven by Open APIs, banks now can open up their ecosystems and explore new business models, offering their customers new products and services and unlocking new revenue opportunities.
Power Your Digital Strategy With the World’s Leading Fully Digital Core Banking Solution
Finacle Core Banking is an industry-leading cloud-native solution. The solution addresses the deposit, lending, and trade finance requirements of banks across retail, corporate and Islamic banking segments.
The solution’s componentized; microservices-based architecture enables banks to drive risk-mitigated progressive modernization. With its real-time processing engine, open APIs, and embedded customer insights, Finacle delivers one of the most advanced digital banking foundations to engage demanding consumers globally.
2022 Gartner® Magic Quadrant™ for Global Retail Core Banking
Rated as a ‘leader’ 14th time in a row Gartner Inc., ‘Magic Quadrant™ for Global Retail Core Banking’ February 2022.
