Application Modernization: Modernization Services

Making the journey from mainframe to cloud easier

In this podcast, David Linthicum and his guest, Deloitte’s Madhu Thejomurthy, discuss how the right strategy, coupled with the right tools, can make the journey from mainframe legacy to cloud future easier and help enable companies to realize the transformative power of the cloud.

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New options for modernizing legacy systems in banking

Digital innovations are disrupting the marketplace on what seems like a daily basis, leaving the legacy systems in banking decades behind. Customers today expect banks to provide the same kinds of breakthrough features and services they routinely receive from companies on the leading edge of digital innovation.

Unfortunately, existing core banking systems and applications—after years of underinvestment—haven’t been optimized to take advantage of new technologies and application management approaches. They’re simply not capable of supporting the market’s rising expectations and may soon expose banks to additional risk and liability. Also, operation and maintenance of those legacy systems is becoming more difficult and costly thanks to the small and dwindling pool of experts with the technical and institutional knowledge to support core systems developed for a different era.

Potential business benefits of Modernization

Modernization helps organizations incrementally integrate applications and processes so they’re better positioned to meet future business requirements and achieve cost savings with minimal disruption to operations. After legacy applications are migrated to an open-systems platform, there’s no need to support costly mainframes. Modernization can also lower spending by reducing investments in software, hardware, and licensing.

Modernization helps organizations move applications to the cloud and take advantage of demonstrated cloud benefits like lower costs, greater agility, and faster speed to market. Beyond cloud, Modernization can retain current business processes to help streamline future application modernization initiatives.

The right tools, team, and experience

Deloitte is uniquely positioned to help you plan and implement a low-risk Modernization initiative that’s aligned with your current and future business requirements. In addition to our proven Modernization methodologies and technologies, we assemble collaborative teams with global reach that combine industry experience with highly specialized technical skills. They’re supported by professionals in our Application Modernization studios, which are based in Austin, TX, and Senden, Germany.

Finally, as a single-source provider, Deloitte manages all team activities as part of the workstream.