Core banking solutions that capture the heart of your bank has been saved
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Core banking solutions that capture the heart of your bank
BankingSuite and AWS set the stage for modern banking
Billions of people use digital banking services every day, driving a pressing need for banks to modernize their underlying core and data systems to enable more seamless and engaging customer experiences. Learn how Convergeᵀᴹ by Deloitte BankingSuite and AWS are helping prepare organizations for the future by delivering next-gen solutions today.
Modern banking: The time is now
Juniper Research has estimated that 4.2 billion people use digital banking services today.1 They’re hungry for new products, more personalization, greater control, and for artificial intelligence (AI) to infuse their banking with analysis, prediction, and support the way it’s transforming everything else.
Relying on legacy banking cores with data tools and architectures that pre-date the era of AI makes it difficult to give customers the more simplified, personalized experiences they want. While banks are under pressure to keep costs down, legacy data and core technologies are the root of the problem. If banks don’t address these problems and modernize now, they run the risk of losing market share to competitors that deliver the differentiated experiences customers crave.
Answering today’s enterprise and customer needs calls for a nimble banking data platform supported by a scalable, cloud-based core. Imagine a new kind of modern banking in which it’s easy for customers to open accounts, gain instant access to insights, or learn through automated alerts or a personal digital banker that they’re making redundant subscription payments. If they contact the call center, all the pertinent information is already there—along with personalized, predictive insights and other solutions that haven’t been invented yet.
These streamlined experiences on next-gen technologies also have the potential to drive significant cost savings for the bank, along with seamless data integration across departments, more agile and efficient operations, and a quicker, less expensive regulatory and compliance process.
This vision rests on real-time, scalable, resilient, secure, and cost-effective modern cores that set the stage for a new way of working in the digital era—and it starts with Converge by Deloitte BankingSuite on AWS.
The building blocks of next-generation banking

Innovation relies on a modern core and data infrastructure
Legacy systems are difficult to use and difficult to move past. As new capabilities were added, they became monolithic architectures that are challenging to modify in response to emerging needs. Upgrading can be as expensive as it is difficult: Banks spend more on maintenance and modernization for less performance in return.
It takes a renewed core and data architecture foundation to meet today’s customer demands for personalization, access to information, and real-time transactions and approvals.

Two processes, inextricably linked
If the core is a new house, then data is what fills it up and makes it a home.
Waiting for batched data jobs and multisource extracts creates dependencies that affect performance and erode lifetime customer value. Cloud provides more resilience against outages versus on-premises systems, while cloud-based application programming interfaces (APIs) support seamless interactions and scale, giving banks the performance and agility to revolutionize customer experience, risk management, operational efficiency, and product innovation.

Digital transformation for financial services
While the case to modernize is clear, the path may not be. Do you fully transform or hybridize? How do you keep core and data implementations aligned under a single vision? How will change affect your customer service, regulatory posture, and bottom line?
With Deloitte’s and AWS’s joint modernization services , banks don’t have to start from scratch. Together, they can refine a strategy to help reduce risk, accelerate customer-responsive improvements, and boost employee confidence transformation.
The BankingSuite solution for modern banking
Converge by Deloitte BankingSuite on AWS helps expedite modernization and mitigate risk. As a modular digital banking stack hosted on AWS’s cloud platform, it offers extensive adaptability to address your digital banking and core modernization challenges. Deloitte’s years of design research, banking experience, solution architecture, and implementation experience are incorporated into its development. This allows banks to innovate for customers, distinguishing themselves with novel experiences, products, and services.
BankingSuite’s pre-integrated solutions of next-gen core systems and data platform products and services can aid institutions in enhancing customer service and transitioning into the future with a more robust architecture and a solid foundation for growth.
The resources and experience that Deloitte and AWS contribute to modernization are concrete; many steps can be executed with one-click deployments, saving substantial design time. The next-gen core approach, as facilitated by BankingSuite, tackles the top challenges of implementing next-generation cores—monolithic architecture, dual-core coexistence and integration issues, and data silos.
Built for banks’ specific needs, the strategy speeds core and data modernization—enhancing speed to market—by providing flexible integration options, real-time data access, diverse migration templates, a zero trust security architecture, and the ability to build directly in a cloud-native framework.

Embrace the future of modern banking
Read our full report to see how you can build a modern core banking solution with Converge by Deloitte BankingSuite on AWS.
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Endnotes
1 Juniper Research, “Over half of global population to use digital banking in 2026,” press release, July 19, 2021.
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