Modernising Systems for Digital Transformation | Tietoevry | Banking Transformation Summit 2026

Quick Summary

Core banking modernisation involves replacing legacy infrastructure with cloud-native, modular systems to enhance agility. Tietoevry facilitates this transition, enabling financial institutions to accelerate digital transformation, improve scalability, and deliver innovative services to customers while managing the risks associated with complex system migrations.

How Does Tietoevry Enable Core Banking Modernisation?

Core banking modernisation is the primary driver for banks looking to shed the constraints of legacy technical debt. Tietoevry provides the framework for institutions to transition toward cloud-native architectures that support real-time processing and open banking integration. By decoupling the core, banks can innovate at the edge without disrupting mission-critical operations.

• Modular architecture for incremental upgrades.
• Cloud-native deployment to reduce infrastructure costs.
• API-first design for seamless ecosystem integration.

What Are the Risks of Delaying Digital Transformation?

Financial institutions that fail to prioritize digital transformation face significant hurdles, including increased operational costs and an inability to compete with agile neobanks. Tietoevry highlights that the cost of maintaining outdated legacy systems often exceeds the investment required for a modern platform. Furthermore, regulatory compliance becomes increasingly difficult to manage on fragmented, older infrastructures.

How Can Banks Ensure a Successful Migration?

Success in core banking modernisation requires a strategic approach that balances speed and stability. Tietoevry advocates for a phased migration strategy, allowing banks to move specific functions to the new core over time. This reduces implementation risk and ensures that the customer experience remains uninterrupted throughout the technological shift.

FF NEWS TAKE:

The shift toward modular core banking is the most significant trend in the industry today. Tietoevry’s focus on core banking modernisation moves the needle by providing a pragmatic roadmap for Tier 1 and Tier 2 banks to compete with digital natives. As legacy systems reach their breaking point, the ability to transition to agile, cloud-ready cores will define the winners of the next decade.