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Banks must manage their technology environment against a backdrop of near-constant change. This in itself is nothing new. However, the pace of change is quickening and its impact becoming more significant.

Every bank faces external challenges, such as the move to open banking and cloud-based services. Plus the need to stay competitive amid changing expectations from customers, colleagues, regulators and policymakers among others. Internally, there are mergers and acquisitions, half-implemented projects and decades of piecemeal upgrades across multiple systems.

Doing a spring clean, clearing the decks and starting over is not always possible. In any case, it may not even be necessary. Nevertheless, there is acknowledgement that no bank can run a modern payment infrastructure on 20-30-year-old systems.

In this white paper, we examine the decision-making process around when to transition away from existing back-office banking and payment systems. We offer recommendations and actionable insights on what to do, who to involve and how to re-platform. This includes key learnings based on our extensive experience working with clients worldwide on re-platforming assignments. 

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