1、?Executive SummaryCore Banking System Modernization:Adapting to the Fintech Revolution?2LTIMindtree|Privileged and Confidential 1 How global banking systems are adapting to a new reality 042 Empowering the future of banking:core digital themes 063 Factors influencing core modernization 074 Banks dis

2、satisfaction with current core systems capabilities 105 Key elements driving core modernization 116 Key expected features from new-age core banking products 127 Popular modern core banking systems and their offerings 138 Business realization with modern core 159 Core banking modernizing process Chal

3、lenges and methods 1810 Conclusion 1911 Author profile 20Table of Contents3LTIMindtree|Privileged and Confidential with its composable architecture framework composed of IntroductionThe significance of Core Banking System Modernization(CBSM)has become ever more pronounced with the fintech revolution

4、.Fintech companies have emerged as disruptors,offering innovative and customer-centric financial products and services that challenge traditional banking models.Traditional banks are under tremendous pressure to adapt and compete with Fintech firms in this evolving landscape.Modernization of core ba

5、nking systems is vital in enabling banks to meet these challenges and take advantage of the fintech revolution.The objectives of this white paper are to explore the drivers behind the modernization of the core banking system,discuss the challenges faced by traditional banks,and highlight the benefit

6、s and opportunities of embracing fintech.The index also reveals driving elements for core modernization and key expected features from the modern core,along with popular modern core banking systems,their offerings,and business realization.4LTIMindtree|Privileged and Confidential How global banking s