8/8/2019 Application Modernization: Core Banking Solution to Help Transition to Modern Applications

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IBM Sales and DistributionSolution Brief

Banking

Core banking applicationmodernizationBuild an evolutionary framework

Highlights

Improve overall agility for meetingbusiness needs

Lower maintenance cost by limitingcomplexity

Reduce time to market for new productand service offerings

Utilize existing assets while moving to amodernized environment

In the new economic order, banks need to be more customer-centric, with modernized systems that are easy to develop and maintain. Butlarge-scale modernization efforts are often risky and slow to generate a

return on investment. The core banking application modernizationsolution from IBM can provide a progressive business-driven approach,enabling banks to transform their systems over time using existingassets.

Break free from complex systems The core banking application modernization solution can enable yourbank to simplify the modernization, management and monitoring of your technology systems, while lowering risk by avoiding the disruptivebusiness consequences that have characterized these activities inthe past.

The solution can help you analyze and identify existing assets, andextend them to build new applications, automate manual activities,nd application vulnerabilities, comply with industry regulations andmeasure the effectiveness of projects and processes across the softwaredelivery life cycle. IBMs approach delivers a modular architecture andseparation of architectural concerns, reduces duplicity and promotesreuse and sharing of enterprise assets.

Accommodate new business requirementsEstablishing a exible information platform can give you the founda-tion you need for trusted information so it can be shared, reused,

applied and managed as a strategic asset. Our solution can helpde-layer your architecture, making it more componentized to enable you to easily accommodate new business requirements. We can help you integrate best-of-breed application components, buy new packagedapplications and incorporate horizontal enterprise-wide processes, orbuild a new componentized architecture to better respond to adynamic marketplace.

8/8/2019 Application Modernization: Core Banking Solution to Help Transition to Modern Applications

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Plea s e Recycle

Address efficiency challenges The core banking application modernization solution can deliverbenets quickly to your business. With robust tooling and methodol-ogy you can accelerate the modernization of your core processes andrelated systems.

IBM can help you simplify your application architecture and infrastruc-ture requirements. Our application portfolio rationalization cleans upthe portfolio, limits data and systems duplication, addresses functionalgaps, accelerates time to test new features and requirements, andreduces overall application development and maintenance cost. It alsoaddresses modernization targeted to solve business and technologicalpain points.

An integrated view of data

Banks today are looking for ways to differentiate themselves by packaging their products and services to be better suited to individualcustomer needs. Banks already have the data needed to tailor packagesfor their customers, but it tends to be scattered across a host of appli-cations. As a result, banks are unable to get a holistic view of their cus-tomer needs. By using the core banking application modernizationsolution, banks can collapse duplicate systems into one, utilize a single,integrated view of customer data to help ensure consistent customerinformation, effective marketing campaigns and improved work processes.

A progressive transformationIBMs progressive, architecture-led transformation approach can helpbanks dene their transformation plan and foundational architecture,enable them to nd various legacy modernization options, developnew capabilities, and most important of all, optimize and modernizechange and control. We have found from experience that these are thecritical elements that underpin a successful modernization journey. The IBM Banking Industry Framework offers many assets, tools,methods and accelerators for core banking transformation to helpexecute the progressive approach.

For more information To learn more about the core banking application modernization solu-tion, please contact your IBM representative or IBM Business Partner,or visit: ibm.com /banking

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