A responsive banking platform, which can scale
and adapt quickly
Financial institutions running pre-internet era legacy banking systems and platforms, modified over time to meet pressing requirements, need to transform. However, such transformational initiatives can be extremely challenging, with high expenditure and opportunity costs.
Banks partner with ITC Infotech in their legacy transformation journey which makes ITC Infotech’s Core Banking Surround Services (CBSS) a vital package for banks.
Given its scale and organization-wide impact, CBSS requires extremely skilled management during this transformation process. A bank’s internal IT department is best suited to manage such transformation and ITC Infotech works closely with their internal teams to help them with core processes like testing, application integration and data migration.
To keep up with digital disruptors and address changing customer demands in a fast-paced dynamic environment, banks are embracing digital transformation. They adopt technology, embrace global trends and form the right ventures to increase agility, flexibility and speed in order to better align themselves with digital interests of businesses and customers.
However, global surveys point out only 25% of all core system transformation projects are successful – highlighting a deeply flawed approach to transformation.
Higher IT cost in the event that multiple solutions need to be replaced
Insufficient information during the gathering phase or lack of historical information on location-specific customizations
Lack of an appropriate product selection methodology
ITC Infotech addresses business need by offering easy and quick adoption of new technologies.
Simplified change delivery model
Drive out complexity and cost through approach rationalization
Increased confidence to effectively manage disruptive incidents
Enhanced business enablement through a robust transformation engine
Resolution of known issues through functional, usability, compatibility, user acceptance and deployment testing
Simplified business-as-usual (BAU) model
Develop an evolved view of the changed business and technology landscape
Evolve a robust data management and intelligence strategy to build market differentiation
Plan a standard approach for BAU support to customizations
Get a personalised solution
Get a customised customer experience solution for your business.
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