Accelerate your digital transformation while minimizing risk
If banks are eager to modernize, and their customers are demanding modern banking experiences, why are legacy systems still holding them back? Many modernization efforts fall short because they aim for a full overhaul, a risky and disruptive approach. But there’s a better way: an iterative, phased strategy.
This white paper explores MongoDB’s proven five-phase approach to banking modernization, which enables rapid innovation while maintaining business continuity and minimizing risk.
Download this white paper to learn how to:
- Implement an operational data layer (ODL) to bridge legacy systems and modern architectures, allowing seamless data access, real-time analytics, and gradual transformation.
- Explore three approaches to modernization: application-driven, data-driven, and iterative - and understand why iterative modernization offers the best balance of risk and reward.
- Rank and prioritize data sources and applications to create a phased, practical modernization plan tailored to your bank’s needs.
- Harness the power of AI and MongoDB’s Relational Migrator to accelerate schema transformation, data migration, and code conversion.
MongoDB’s flexible document model, real-time performance capabilities, and seamless integration with AI and cloud-native architectures make it the ideal platform for financial institutions looking to modernize.
Visit our MongoDB for Financial Services page to explore how we’re enabling financial institutions to innovate securely and efficiently.
