Uma Sankar Kopalle’s Post

We are thrilled to be recognised by HFS Research for our exceptional work in the Core Banking Modernization value chain at Innova Solutions. Our achievements have been highlighted in three critical areas: Value Proposition: “Innova provides consultative and platform-led solutions involving microservices, APIs, cloud-native, customer, experience, data science, and security to create digital opportunities.” Growth Proof Points: “Innova brings its digital engineering, data, and cloud expertise to build various core modernization playbooks that break down the mechanics of the banking cores and offer the ideal target state. Target platforms for data, analytics, cloud; tooling for security, testing, and governance; strong fintech partnership and putting Gen AI into productions for QA all support core modernization needs. Key Differentiators: “The company’s IT talent heritage helps secure access to talent plus its minority-owned private company status creates opportunities for the firm. Innova Solutions delivers the “how” of core banking modernization by ensuring collaboration with partners, enterprises, and fintech for value delivery.” A huge thank you to our dedicated team and valued partners for their continuous support and collaboration. Together, we are ‘Disrupting’ and shaping the future of banking! #Innova #CoreBanking #Modernization #HFSResearch #Innovation #Fintech #BankingTransformation #Disruptor

Breaking News: Historically “Stuck-In-The-Past” Industry Considers Joining 21st Century. Just kidding. But seriously. Banks have been hamstrung by old, inflexible tech for decades. Banking leaders want a lean technology stack that can change quickly and cost-effectively without major disruptions to business. Service providers can help achieve that goal, but which service providers are leading the pack? Our latest Horizons report evaluates the the capabilities of 18 service provides across the HFS core banking modernization value chain based on a range of dimensions to understand the why, what, how, and so what of their service offerings: https://lnkd.in/gU2jbrsS Phil Fersht | Saurabh Gupta | Elena Christopher | Tony Filippone | Robert Brennan Hart | Thomas Reuner | David Cushman | Rohan Kulkarni | Joel M. | Melissa O'Brien | Divya Iyer

The core banking technology market is evolving, yet only 33% of banks have partially achieved their digital transformation goals. There are 3 main reasons for this: 🧩 Fragmented core systems: Many banks rely on a mix of in-house and third-party solutions, making integration difficult. ⏱️ Lack of real-time capabilities: Legacy systems still operate on batch processes, limiting the banks ability to offer real-time services. 🔄 Migration risks: The fear of downtime or data loss during migration keeps banks from moving forward. We’ve just released our latest report ‘Core Banking without Compromise’ where we surveyed over 200 IT decision makers in Tier I and Tier II banks. If you want to read more insights like this from senior banking and financial service technology decision-makers you can get yourself a free copy here: https://lnkd.in/efKf2UWd #digitalbanking #corebanking #bankinginnovation #bankingtransformation

Excited to share the publication of our latest article in the Banking Frontiers magazine, focusing on the transformative concept of 'Hollow the Core'. Hollowing the core is imperative for banks to reduce complexity, improve agility, and seamlessly integrate modern technologies into their existing systems. The first of this 2-series article unravels the intricate evolution of banking systems. From paper-based transactions and Core Banking Systems (CBS) to the revolutionary impact of digital transactions, the financial landscape has been shaped by pivotal milestones. These modernization efforts come along with underlying challenges that banks face in maintaining their core banking systems. From legacy system constraints to operational and scalability issues, the risks with traditional banking infrastructure are palpable. Watch this space for the upcoming segment where we delve into how our payment solutions serve as the cornerstone for banks to effectively implement hollow the core practices. Through Montran’s unified payment solution, banks can overcome legacy constraints, drive operational efficiency, and spearhead the transformation towards an adaptive and scalable banking infrastructure. Read the complete article below. https://lnkd.in/dxKeJ2CP #Montran #bankingevolution #corebankingsystem #digitalization #innovation #modernization #hollowthecore

🚀🌟 Exploring Core Banking Transformation - Part 1 🌟🚀 Core Banking Transformation represents a pivotal journey undertaken by leading banks to modernize their business operations amidst the relentless waves of digital disruption. Key objectives include meeting regulatory requirements, enhancing day-to-day operations, accelerating time-to-market for new products, embracing technological advancements, and, significantly, enhancing the overall customer journey to ensure end-user satisfaction. This transformational endeavour hinges on two fundamental components: unwavering commitment and time. The duration of these transformations typically spans between 1 to 5 years, owing to the intricate nature of various banking systems and the extent to which they seek to overhaul and upgrade their core banking platforms. The complexity of this timeline is often dictated by factors such as post-merger integration, where disparate technologies need harmonization, or the migration from outdated legacy systems incapable of meeting the digital demands of contemporary platforms. Traditionally, such digital metamorphoses are spearheaded by the Information Technology (IT) Department, with IT playing a central role in driving this business transformation forward. Stay tuned for more insights into the realm of Core Banking Transformation.... #BankingInnovation #DigitalTransformation #FintechEvolution Follow 👉 Gregory Weir & Repost 🔂 with your network 😊 Push 🔔 for notification

Join PwC for a webinar on banking modernization. Discover how technological advancements are revolutionizing industry and learn from top experts on navigating the complex modernization journey. Use the link below to register. https://lnkd.in/e6z3J-kt

The 2020s are introducing a new era of challenges and opportunities for the banking sector, meaning banks and financial institutions must be prepared to navigate these changes effectively. With disruption, innovation, and competition on the horizon, we have the tools to ensure you're always one step ahead in an evolving industry landscape. Our digital banking suite equips banks and financial institutions with the most advanced digital banking solutions available. Continuously evolving alongside industry trends, we guarantee you stay at the forefront, never falling behind. Learn more 👉 https://be1b.com/ #innovation #disruption #bankingopportunities #bankinginnovation #digitalbanking #bankingindustry

In a rapidly evolving banking landscape, the challenge of modernising core systems cannot be overstated. Tune into https://lnkd.in/efxQFFFp episode where Thought Machine Kerry Harrison and GFT Andrzej Szelemetko discuss the issues and limitations legacy systems impose on innovation and functional evolution, and how next generation core banking solutions such as our Vault Core platform can help. De-risking core modernisation. #corebanking #banking

The Future of Banking: Modernization at its Best This is not a drill. The banking industry is gearing up for a transformation. Banks have been shackled by antiquated technology for far too long. What they need now is a nimble, adaptable tech stack that keeps pace with change without upending business operations. Who are the key players in making this a reality? Our latest HFS Horizons report has the answers. We’ve analyzed 18 top-tier service providers in the core banking modernization landscape, assessing their strengths and strategies. Find out who’s making waves and how they’re reshaping the banking world by downloading our new Horizons report today. Free access ends July 25! https://lnkd.in/gU2jbrsS Phil Fersht | Saurabh Gupta | Elena Christopher | Tony Filippone | Robert Brennan Hart | Thomas Reuner | David Cushman | Rohan Kulkarni | Joel M. | Melissa O'Brien | Divya Iyer | Niti J.

Join PwC for a webinar on banking modernization. Discover how technological advancements are revolutionizing industry and learn from top experts on navigating the complex modernization journey. Use the link below to register. https://lnkd.in/e6z3J-kt