FIS Modern Banking Platform
Advance your bank with a modern core platform.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Modern Banking Platform
Advance your bank with a modern core platform.
Data Restore
Protection from disaster.
Code Connect
The power of APIs with the scale of FIS.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Private Capital Suite
Data Exchange Solutions.
IFRS17
The right strategy for transformation.
Commercial Lending
Speed up the decision process.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Banks can no longer put off, piecemeal, or underfund digital transformation initiatives.
It is now a clear business directive and essential for bringing new products and services to this digital-first world. At the heart of any digital transformation is the revitalization or replacement of legacy core systems. All other emerging technologies and IT priorities—analytics, digital, the cloud—are dependent on the underlying data and processes of the banking core.
But with some 60% of core banking projects taking as long as four years to complete, according to an American Banker survey, banks must be realistic about the project’s requirements and create a structured, detailed roadmap to ensure the best outcome.
Wholesale transformation must be on the table for banks with decades-old core systems. Incremental improvements will likely not position the bank for the rapid-fire pace of change that’s on the horizon.
Options for Core Projects
It all starts with building and acknowledging a business case for digital transformation and, by extension, modernizing core banking. While business case analysis often focuses on avoiding or reducing costs, the loss of current or potential banking customers coupled with organizational paralysis should outweigh the pain of technical investments.
Tags: Digital Innovation, Investments, Technology
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