hero_uppertitle_iconCore Banking Modernization

We improve flexibility, go-to-market-agility and operational cost-effectiveness of monolithic core banking platforms by transforming legacy core banking systems or by adding customized modules for specific business areas (mortgages, risk, decision system, front-end, etc.) enhancing and integrating with the existing core system. We elevate core banking to the next generation: cloud, enabled, modular, standardized and expandable to enable our customers to successfully compete on fast-changing digitalized market places.
Core-Banking-Modernization02

How We Help

Transaction System primarily serves as a System Integrator and Implementor of various backend systems with strong focus on Core Banking (Transaction) Systems. Our experienced team has a solid presence in the markets we serve and together with our team of senior professionals, and partners, we offer clients a comprehensive roadmap which guides the process of selecting, modernizing, replacing, implementing and operating Core Banking Systems (CBS).
The need to replace or modernize existing Back End Systems is becoming increasingly important for many financial institutions. Our team has successfully designed and executed core banking replacements for multiple clients across Europe. Our success stems from assembling a team with in-depth knowledge of the chosen Core Banking System (CBS), a strong understanding of local requirements, and the involvement of IT and Business Architects who are well-versed in modern technologies and integration challenges. Most importantly, we rely on experienced and trusted Project Managers who have led similar transformations multiple times and understand the pros and cons of such complex projects.

Example/Story

Main areas of expertise (catalogue)
Backend systems implementation and modernization.
Our team of experts with extensive experience in core (backend] systems offer comprehensive end-to-end services, including:

      • Initial analysis and system selection: We help institutions choose a system that aligns with their strategy, long-term vision, operational scale (whether single-country or multi-country), all while focusing on cost-effectiveness.
      • Implementation strategy preparation: We develop a detailed plan for the transformation program, considering the institution’s internal capabilities, speed, costs, market conditions, and associated risks.
      • Migration and testing:  We offer full migration and testing strategy to ensure a smooth and successful go-live
      • Operation and Maintenance We provide ongoing operation and maintenance services of the new solution

We take full responsibility for every step of the process working closely with our backend system vendors and integration partners.