As a bank CTO, what legacy do you want to leave behind? Will you keep patching and maintaining clunky systems?
This pressure is leading some CTOs to embark on journeys to modernize their legacy IT architecture. And they are often getting the budgets and support they need from their executive boards.
The only way to move forward is to modernize the tech stack, but that’s easier said than done.
The same factors that led to the problem are often preventing them from fixing it. There is no magic solution. There isn’t one vendor, one platform, one transformation project that will solve it all. It’s an infinite game. But that doesn’t mean we can’t make progress. We have to start somewhere and move in the right direction. The combination of these two trends has led financial institutions to explore new and more creative ways to modernize their legacy IT architecture.
In this webinar, you will learn:
The New Way: 5 principles for progressive modernization
1. Re-design architectures around the customer, not the system [journey-led + value drivers]
2. Take a progressive approach and hollow out the core
3. Adopt a platform-operating model built on an open platform
4. The Hybrid model: Build + Buy. Choose what to build and what to buy. What to run, and what to outsource.
5. Not just tech, overhaul the operating model too. Would that warrant a side car scenario?
How can customer needs inform or clarify a CTO’s priorities?
How can CTOs increase the speed to value for transformation projects?
How can refreshing journeys on a platform(s) make subsequent transformation projects faster?
What should CTOs use as the criteria for which components they buy vs what they build? Has this changed in recent years?
THE WEBINAR PANEL
Head of Banking Industry Digital Advisory, Americas
MCKINSEY & COMPANY
Senior Partner and co-leader, Global Digital Banking
MCKINSEY & COMPANY
U.S. Financial Services Banking Director
EVP, Chief of Staff
This Webinar is in Partnership with
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