At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.
Whether it’s running a marathon or helping businesses thrive in applying new technology innovations at scale, we understand what it takes to keep pushing the limits of what’s possible.
We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
At TCS, we help enterprises grow through innovative solutions globally. Adapt and thrive with us.
Banking / WHITE PAPER
Ayan Sinha
Functional Consultant and Program Manager, Banking, Financial Services, and Insurance, TCS
You have these already downloaded
We have sent you a copy of the report to your email again.
Monolithic legacy systems pose challenges that hinder banks in maintaining the desired pace of digitalization. Legacy systems compromise customer service and experience, impede the delivery of new features and offerings, and constrain banks from responding nimbly to changing trends, putting them at a competitive disadvantage. The urgent need for legacy modernization in financial institutions is thus evident. But an expensive big bang mainframe modernization program may disrupt operations. The way forward for banks lies in adopting an incremental approach to legacy modernization.
Given that most applications in banks reside on mainframe platforms, what approach should banks take? Executing incremental legacy modernization programs in conjunction with ongoing implementations is less costly and disruptive and also helps to preserve functions in the existing systems. With this approach, banks can:
Achieve a connected ecosystem
Meet evolving business needs and customer expectations
Ramp up digitalization programs
Mitigating Non-financial Risks Arising from Generative AI
TCS Helps Nationwide Building Society Improve Communication and CX
Data Security and Privacy in Multi-cloud Environments in BFSI Firms
Leveraging Generative AI for Proactive Risk Management in BFSI