Banking and financial organizations have made huge investments in legacy core systems.
However, most experience high technical and agility debt due to outdated technologies and complex monolithic designs. Enterprises need technology optimization and modernization, and they need it now.
Transformational initiatives in response to changing market conditions is a continuous process. However, banking, financial services, and insurance (BFSI) organizations often have many disparate processes and data sources, making it difficult to lay down a foundational infrastructure on top of which capabilities can be built. Organizations are struggling to establish an integration fabric that facilitates seamless exchange of data, services, and transactions with various ecosystem entities. The inefficiencies and process breaks in the business value chain across the front-, mid-, and back-office processes also require analytics, an insights-driven approach, and new artificial intelligence (AI) and machine learning (ML) techniques to improve data quality.
TCS’ Legacy Modernization and Replatforming Services help BFSI firms optimize their enterprise legacy systems and standardize expensive workloads on the cloud. BFSI firms are empowered to build a robust data platform, where all enterprise data can be collected, harmonized, and harvested. This helps identify and automate specific steps in the business value chain.
TCS’ services help enterprises make the most of their legacy systems.
We offer support along the following areas:
With the legacy architecture modernized, enterprises can pursue cognitive automation across operations.
The offering provides the following benefits:
TCS brings decades of experience and deep contextual knowledge to the table.
A partnership with TCS can help BFSI enterprises take advantage of the following: