Foreword
The banking sector is at a critical point in its digital transformation journey driven by the ever evolving customers’ expectations and demand for faster, more personalised, and seamless financial experiences. As digital adoption accelerates at an unprecedented pace and regulatory compliance requirements tighten, the need for robust, flexible, and future-ready core banking systems has never been more pressing. Modernisation of the core banking system is also driven by the need for banks to better position for the new realities of the financial ecosystem, which is increasingly shifting towards deeper collaboration and strategic partnerships powered by Open Banking. However, the complexities and challenges associated with this transformation have raised the stakes involved for banks, their customers and business partners.
KPMG brings deep understanding of both the technical and operational aspects of successful core banking modernis ation to help financial institutions navigate this challenging landscape. We have seen first-hand how the right approach can deliver lasting value and competitive advantage, and we are committed to supporting our clients at every step of their transformation journey.
This thought leadership will explore the imperatives for core banking modernisation, dissect recent challenges and offer a proven framework for planning and executing these complex initiatives. Our aim is to arm bank executives with practical insights and clear strategies to confidently embark on core banking transformations that enhance operational resilience, improve customer experience, and position their organisations for long-term success in an increasingly dynamic digital future.
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