Traditional banks and financial institutions (FIs) face a rollercoaster of challenges - from an uncertain macro environment to high levels of technical debt and runaway competition.
While most recognise that to stay on the rails they must move operations to the cloud, many are still struggling to successfully navigate change. In this guidebook, Mambu and AWS share their insights and practical advice to help FIs free themselves from cumbersome legacy platforms and close the growing agility gap by moving to the cloud.
It seeks to demystify some of the critical decisions traditional banks need to make before initiating their journey. And, if they’ve already started it, the pitfalls to avoid to prevent a bumpy ride. In addition, it highlights how to fast-track application transition and reduce strain on IT departments by transitioning to a next-gen cloud-native core banking system to maximise integration flexibility and create real competitive advantage.
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