Intel Report Core Replacement - Flipbook - Page 24
“A core replacement isn’t just an IT project; it
requires representation from across the bank with
goals focused on ongoing value realization that extend
well beyond the day the new core goes live.”
Brett Mastalli, Partner, West Monroe
Conclusion
Core replacements get attached to a lot of dirty words and unflattering comparisons, but banks
have more options and styles to convert their core than ever before. This capability comes as
the need to access more data and provide more offerings has also expanded. While the task for
replacing the core remains monumental, career-defining and risky, new technologies and options
have reached a point that reduces the overall risk — at least slightly.
With more alternative options expanding services, and even some standard core providers offering new solutions, the replacement process may soon look more like a minor medical procedure,
instead of life-or-death surgery.
22 | FINXTECH INTELLIGENCE REPORT
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