Buy plus build: how to accelerate your bank’s digital transformation
Neither buying nor building works as a complete strategy for creating platform components.
But deciding how much you should buy and how much you should build? That’s no walk in the park. And with the success of your digital transformation on the line, it’s essential to get things right.
In recent years, cutting-edge technology has become a huge competitive advantage in the banking industry. Unfortunately, few banks are able to fully optimize their systems due to concerns like legacy tech and technical debt. The good news is that, for the first time in a decade, senior executives are putting tech ahead of profitability, but where do you start? In this guide, you’ll explore the pros and cons of three approaches for hollowing out your core: a big bang replacement, the greenfield approach, and progressive modernization.
What’s in it for you?
Save time and money
Reduce complexity
Accelerate delivery