CIO Checklist: Architecture Considerations for Next-Generation Bank Core Platforms

Financial services firms must implement new core systems in a way that meets or exceeds the expectations of regulators.

March 1, 2022 Banks are racing to replace their core banking platforms to remain competitive against large existing banks, new banks, digital neobanks, and nonbank fintech firms. Existing platforms have created suboptimal operational processes, inconsistent and inaccessible data, and digital experiences that don’t meet the expectations of consumers and commercial enterprises in the 2020s.

This Impact Brief is a CIO Checklist for chief architects, chief technology officers (CTOs), or chief information officers (CIOs) to align best practices for implementing next-generation core banking platforms, as defined in the new 2021 FDIC guidelines.

Clients of Aite-Novarica Group’s Community Banking service can download this 18-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions ALLDATA, Bancorp, BBVA, ClarityMoney, Even Financial, Fidor, Fiserv, Mulesoft, N26, Nium, OpenPayd, Plaid, Raisin, Solarisbank, Starling Bank Marketplace, Stripe, SmartWallet, Tink, Token.IO, Transferwise, Trovata, TrueLayer, Vaamo, Xinfin, and Yodlee.

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