#core-banking

#core-banking

Products were developed around a sturdy core banking system and rigid business process to ensure security and trust, distributed through branch networks, and only then wrapped in a customer experience and brand veneer. But those days are over because customers and the market demand the opposite. Today's Fintech upstarts and digital-first neobanks have flipped the model on its head, designing their institutions from the outside in.

It was pretty clear that the trend was going to the cloud so there was no reason to really take that middle step and be on-premise," Vona explained.