Legacy Core Banking systems were Product-Centric, suitable when rich customer data was scarce.
Today, we have massive Customer Insights to spot gaps and design personalized products.
The problem is Legacy systems limit this potential. The solution is shifting to Service-Oriented Architecture (SOA) for agility and faster time-to-market.
IBM has an excellent guide on this transformation methodology.
KEYWORDS
#FinTech#Core_Banking#Legacy_System#SOA
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