Core Banking
Core Banking
Core Banking
Transforming core banking systems in mid- to small-size banks is hardest due to complex legacy data migration and rigid, highly customized cores. This causing operational risk, compliance challenges, and resource strain. Let us examine some challenges and solutions based on our experience
Legacy System Complexity
Data Migration: The Make-or-Break Factor
Integration with Legacy Systems
Customer Experience Disruption
Legacy systems depend on tightly coupled processes making them archaic and the migration risky and complex. GLF testing strategies focus on phasing out migrations without impacting day-to-day operations
Focused system audits for in-depth understanding and mapping of legacy processes to match the new product
Simulated end-to-end testing workflows across multiple interfaces helps in reducing downtime risk and ensuring smooth migration while keeping banking operations ongoing
GLF's Program Advisory services undertake end-to-end system discovery to understand inter-dependencies
Heavy customization and outdated programming languages (like COBOL) make upgrades slow and costly
Transforming core banking systems in mid- to small-size banks is hardest due to complex legacy data migration and rigid, highly customized cores. This causing operational risk, compliance challenges, and resource strain. Let us examine some challenges and solutions based on our experience
Legacy System Complexity
Data Migration: The Make-or-Break Factor
Integration with Legacy Systems
Customer Experience Disruption
Legacy systems depend on tightly coupled processes making them archaic and the migration risky and complex. GLF testing strategies focus on phasing out migrations without impacting day-to-day operations
Focused system audits for in-depth understanding and mapping of legacy processes to match the new product
Simulated end-to-end testing workflows across multiple interfaces helps in reducing downtime risk and ensuring smooth migration while keeping banking operations ongoing
GLF's Program Advisory services undertake end-to-end system discovery to understand inter-dependencies
Heavy customization and outdated programming languages (like COBOL) make upgrades slow and costly
Legacy System Complexity
Data Migration: The Make-or-Break Factor
Integration with Legacy Systems
Customer Experience Disruption
Legacy systems depend on tightly coupled processes making them archaic and the migration risky and complex. GLF testing strategies focus on phasing out migrations without impacting day-to-day operations
Focused system audits for in-depth understanding and mapping of legacy processes to match the new product
Simulated end-to-end testing workflows across multiple interfaces helps in reducing downtime risk and ensuring smooth migration while keeping banking operations ongoing
GLF's Program Advisory services undertake end-to-end system discovery to understand inter-dependencies
Heavy customization and outdated programming languages (like COBOL) make upgrades slow and costly
Legacy System Complexity
Legacy systems depend on tightly coupled processes making them archaic and the migration risky and complex. GLF testing strategies focus on phasing out migrations without impacting day-to-day operations
Focused system audits for in-depth understanding and mapping of legacy processes to match the new product
Simulated end-to-end testing workflows across multiple interfaces helps in reducing downtime risk and ensuring smooth migration while keeping banking operations ongoing
GLF's Program Advisory services undertake end-to-end system discovery to understand inter-dependencies
Heavy customization and outdated programming languages (like COBOL) make upgrades slow and costly
Data Migration: The Make-or-Break Factor
Integration with Legacy Systems
Customer Experience Disruption
Legacy systems depend on tightly coupled processes making them archaic and the migration risky and complex. GLF testing strategies focus on phasing out migrations without impacting day-to-day operations
Focused system audits for in-depth understanding and mapping of legacy processes to match the new product
Simulated end-to-end testing workflows across multiple interfaces helps in reducing downtime risk and ensuring smooth migration while keeping banking operations ongoing
GLF's Program Advisory services undertake end-to-end system discovery to understand inter-dependencies
Heavy customization and outdated programming languages (like COBOL) make upgrades slow and costly
Legacy System Complexity
Legacy systems depend on tightly coupled processes making them archaic and the migration risky and complex. GLF testing strategies focus on phasing out migrations without impacting day-to-day operations
Focused system audits for in-depth understanding and mapping of legacy processes to match the new product
Simulated end-to-end testing workflows across multiple interfaces helps in reducing downtime risk and ensuring smooth migration while keeping banking operations ongoing
GLF's Program Advisory services undertake end-to-end system discovery to understand inter-dependencies
Heavy customization and outdated programming languages (like COBOL) make upgrades slow and costly
Data Migration: The Make-or-Break Factor
Integration with Legacy Systems
Customer Experience Disruption