Transforming legacy cores into agile, composable banking platforms.
Core banking systems are the operational backbone of every financial institution — powering customer relationships, product innovation, and regulatory compliance. Yet, many banks continue to operate on decades-old, monolithic platforms that limit agility, inflate costs, and constrain innovation.
Banks today face the dual challenge of maintaining business continuity on legacy cores while innovating rapidly to compete with digital challengers. With customer expectations rising and regulatory complexity increasing, traditional core systems have become a bottleneck.
Modernization is therefore no longer a "project" — it's a strategic reinvention of the banking core.
However, core transformations are complex, multi-year programs involving multiple vendors, integrations, and regulatory dependencies. Success demands a well-orchestrated balance of technology strategy, governance discipline, and domain depth — areas where Eklogi brings deep experience and proven frameworks.
Our approach is designed to minimize risk, accelerate time-to-value, and maximize alignment between business goals and technology execution. We bring a structured, end-to-end transformation framework that spans from vision definition to post-migration stabilization.
Building the blueprint for core transformation.
We begin with a detailed diagnostic of your existing core landscape — identifying functional, technical, and process dependencies.
Architecture Assessment: Evaluate system interconnectivity, integration layers, and data flows.
Business Process Mapping: Align technology capabilities with business outcomes (e.g., faster onboarding, real-time payments).
Future-State Design: Define target architecture — monolithic modernization, microservices adoption, or core replacement.
Cloud Readiness Evaluation: Assess suitability for hybrid or full cloud deployment models.
Value-driven planning for sustainable transformation.
Modernizing a core system requires an actionable roadmap that balances innovation and operational continuity. Eklogi develops a value-based transformation roadmap, supported by robust financial and operational modeling.
Roadmap Definition: Phased vs. big-bang migration approaches.
Value Realization Model: Define KPIs across cost reduction, speed-to-market, and customer experience.
Risk Modeling: Scenario analysis for data migration, cutover, and coexistence risks.
Regulatory Alignment: Early mapping of compliance and audit checkpoints.
Independent advisory for platform selection and delivery excellence.
Selecting the right platform and ensuring disciplined delivery are critical success factors. Eklogi provides independent advisory and PMO oversight across core banking solution evaluation and implementation.
Vendor Selection Framework: Objective assessment of leading platforms (Temenos, Finacle, Flexcube, Thought Machine).
Contracting & SLA Structuring: Commercial and risk alignment with transformation goals.
Program Governance Office (TMO): Establish cross-functional governance with clear escalation paths.
Performance Tracking: Regular review cycles, KPIs, and delivery metrics for transparency.
AI-led validation for risk-free transformation.
Core transformations demand absolute precision during migration and testing. Our AI-led validation and assurance framework minimizes disruption and ensures business continuity.
Data Migration Strategy: Define reconciliation rules, fallback mechanisms, and parallel run validation.
Automated Testing Frameworks: LLM-driven test scenario generation and execution for Finacle/Flexcube cores.
Regression & UAT Automation: Continuous validation during agile development cycles.
Cutover Readiness & Stabilization: Structured go-live governance and post-migration monitoring.
Continuous improvement beyond go-live.
Transformation doesn't end at go-live — it evolves into a continuous optimization journey. Eklogi supports clients in:
Performance Tuning: Optimize database, middleware, and transaction throughput.
Feature Enablement: Rollout of new modules and open banking APIs.
Process Reengineering: Streamlining operations around the new core capabilities.
Continuous Value Tracking: Measurement of transformation KPIs over time.