Embracing monolith modernisation

Technology in banking has moved out of the back office and is now central to all that a bank does. In the digital age, technology enables a good customer experience that is fundamental to banking success. But many banks find themselves hamstrung by the technology that made them successful. Why?

Many banks are grappling with monolithic technology stacks that have evolved along product lines and customer channels. This is at odds with how customers think and behave: they want banking their way. Legacy technology cannot meet the demands of customers who want real-time banking services, anywhere, anytime. So all banks need to transform to become more customer-centric and responsive. And under threat from FinTechs that are unburdened by legacy technology, they need to reduce costs permanently.

Against this backdrop of change and disruption, all banks need to move from a monolithic infrastructure to one that embraces microservices. The real challenge is to know where to begin and how to plan a migration that unites the bank and gets everyone pointing in the same direction.

GFT adopted Agile principles and continuous delivery methods at the inception of these technologies. We understand how these new methods and technologies can deliver bank transformation. In the bank of the future, DevOps teams are no longer part of an IT department but are part of the beating heart of the business. Sooner or later, all banks must modernise to survive, but early adopters will be well rewarded.

Weiterführende Informationen zu diesem Thema

GFT Cloud readiness assessment

The GFT approach combines a triedand-tested practical assessment of the legacy architecture and an evaluation of the maturity of the candidate (...)

GFT Cloud readiness assessment

The GFT approach combines a triedand-tested practical assessment of the legacy architecture and an evaluation of the maturity of the candidate (...)

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