英文【奥纬咨询】成功实现核心银行现代化的10个关键领域

INTEGRATING NEXT-GENERATION CORE BANKING PLATFORMS10 key considerations for core system modernization© Oliver Wyman2Integrating Next-Generation Core Banking PlatformsINTRODUCTIONMany banks today face mounting pressure to modernize their technological infrastructure, and some are approaching the end-of-life of their legacy core banking systems. The legacy monolithic core, once the backbone of financial services, is increasingly being viewed as bottlenecks. The demand for scalable, flexible, and cloud-native solutions has shifted the industry’s attention towards next-generation core platforms.Next-gen cores have differing approaches to their solutions — some focus on customizability of the product, while others focus on ready-made building blocks that prioritizes speed-to-market. All of them enable banks to embrace cloud-native architectures, prioritize progressive system modernization, and deploy innovative products at scale. Addressing complex requirements such as product innovation, regulatory compliance, cost reduction, and operational efficiency in banks necessitates a thoughtful and future-proof approach to core system transformation.Core modernization is one of the most complex and high-risk transformations that our clients are facing at the moment. At Oliver Wyman, we have a team of seasoned experts who have helped deliver and de-risk such core transformation programs globally, and more recently in Asia Pacific.This paper brings to light the top considerations banks must address to navigate modernization efforts effectively, blending insights from Oliver Wyman’s real-world experiences.Whether the goal is to adopt a modular composable core, balance regulatory burdens, or enhance digital customer centricity, these practical considerations will ensure a smooth and impactful transformation.© Oliver Wyman3Integrating Next-Generation Core Banking Platforms10 KEY CONSIDERATIONS FOR CORE SYSTEM MODERNIZATION1Program set up, governance, and risk managementSetting up the right governance structures such as a Control Tower to introduce new ways of working, leadership principles, and facilitate cross-functional team alignment on key topics such as hollowing out and migration sequencing is key to de-risking overall delivery6Migration strategy and executionPortfolio complexity and degree of hollow-out should guide the decision on migration approach. A phased or co-existence approach is typically optimal for most banks over a risky big-bang cutover. Derisk migration by leveraging an active/active configuration to mirror requests on both new and old cores until the new core is stable2Business and cost strategyGaining business stakeholder buy-in with clear business justifications for transformation program, assessing cost holistically by focusing on Total Cost of Ownership (TCO), and managing the value narrative to build trust in the program is key given the capital-intensive nature of core modernization programs7Operating model refreshAdapting organization