Perspectives

Core Banking Transformation

Our Global Core Banking Practice has partnered with major banks across the globe on their transformation journeys. Our core banking methodology and supporting toolsets have been proven to reduce risk and contribute to successful transformation programmes

Core Banking Transformation

Core Banking Transformation is one of the riskiest and most challenging programs any bank will ever embark on. Deloitte has a proven track record, global core banking expertise, a sound methodology with supporting toolsets and we are willing to share the risk with our clients. Based on our extensive experience, we have two distinct value propositions that are tailored to our clients’ specific needs. 

We assist our clients through the life cycle of this journey, starting with the definition of your transformation strategy, through to the measurement of the benefits.

Our phased approach:

1.Initiate

2.Assess

3.Plan

4.Execute

5.Sustain

Core components of our value proposition:

RMO:

Integrated Results Management Office and Communications; program governance and Assurance

Strategy:

Strategy and Business case development; requirements and operating model design, process design

Technology and Operations:

Solution delivery, integration, architecture, infrastructure design, data governance and migrations, testing

People:

Change management, stakeholder alignment, training

Risk and Controls:

Regulatory compliance, security and controls

Realising the return on your core banking investment:

Most core banking programs face significant overruns from a cost and time perspectives. In many instances, the quality is compromised by reductions in scope and the business. Functionality is also not optimally deployed to try and meet the committed timelines.  In order to help clients realise the benefit of the investment, we have a unique value proposition that is focused on the SUSTAIN phase of the program - with the ultimate objective to optimise the ROI and realise the true potential of the Core Banking Investment made.

Our key focus areas to achieve synergies and maximise efficiencies:

1.People transformation and embedding the change

2.Process re-engineering and optimisation

3.Technology and architecture refinement

4.Core Banking and Business Strategy alignment  

5.Knowledge asset management, with a focus on extracting valuable insights from data

Our multi-disciplinary team have deep and broad banking expertise, ranging from business and IT strategy formulation, investment case building and measurement, RFP development, vendor selections, integrated project and program management expertise, process re-engineering, deep knowledge about the various technology platforms and transformation skills.

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