There are many core systems central to running a bank, but none more critical than core deposits systems. In a recent conversation, KPMG banking leaders in digital strategy discuss how customers view deposits as a fundamental service.
Key takeaways include:
- The role of technology and enterprise architecture when modernizing core platforms
- Investment options for sequencing and staging core deposits transformation
- How to balance new platform selections with legacy systems.
A bank’s critical systems need to align with heightened consumer expectations, integration requirements, and ever-evolving regulatory demands. The modernization of core deposits is a good place to begin that alignment.