Modernizing Core Banking Systems

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The book addresses the challenges faced by the banking sector due to outdated Core Banking Systems (CBS) rooted in past technologies. It highlights how these monolithic systems complicate modernization amid trends like cloud and omni-channel banking. By formally defining CBS and examining them scientifically, the author proposes a cyclic architectural modernization process consisting of eight sub-steps. This framework aims to assist banks and CBS vendors in updating their systems to meet current and future strategic needs efficiently.