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IDC PeerScape: Best Practices in Digital Core Banking Modernization

Publisher IDC
Published Jun 24, 2025
Length 8 Pages
SKU # IDC20145618

Description

This IDC PeerScape describes three practices that financial institutions have leveraged in order to modernize their core banking architectures."There has been a great deal of work done in upgrading the actual process of modernization itself. Industry leaders now understand the true complexities of what is involved in creating outstanding digital banks and are seeking solutions that can optimize not just results, but the modernization journey as well," says Michael Yeo, associate research director for IDC Financial Insights. "Leaders in financial institutions must survey the landscape of options available and play major roles themselves in identifying the outcomes they wish to drive, how they want to get there, when they want to see results, and how they will continue to move forward post-implementation."

Table of Contents

8 Pages

IDC PeerScape Figure

Executive Summary

Peer Insights

Practice 1: Use Cloud-Native Architecture to Achieve Scaling and Customer Growth Goals

Challenge

Example

Guidance

Practice 2: Reengineer Banking Processes from the Ground up to Eliminate Customer Friction

Challenge

Example

Guidance

Practice 3: Leverage Dual-Core Banking Models That Can Optimize the Balance of Innovation and Stability

Challenge

Example

Guidance

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