This IDC InfoBrief describes the current and new drivers for core system modernization in banking worldwide, including:
- IDC’s definition of a core system
- What a modern, digital core platform looks like
- Reasons why core modernization is important
- Why today’s justifications to modernize are more complex than in the past
- Challenges of core modernization
- The importance of cloud in core processing
- Guidance to banks that are considering core system modernization
