Modern core banking systems can help banking industry restore profitability
Digitization is introducing more disruption to an industry still reeling from the aftermath of the banking crisis. The structural factors, such as re-regulation and changing customer behaviour, which have driven down profitability in the post-crisis years are still biting and, what’s more, are being accentuated by digitization.
Replacing legacy technology can have a material impact on the industry’s profitability, but also help it to innovate and stay relevant in the face of growing competition from new entrants.
Read more in this insightful white paper jointly produced by Temenos and Deloitte.