Blogs > New Pismo whitepaper underlines power of next-generation banking platforms
23 June –

New Pismo whitepaper underlines power of next-generation banking platforms

Pismo launches a new paper exploring the efficiency gains of switching to a cloud-first, innovative back-end system

Alexander Hamilton

Pismo has launched its latest whitepaper on the financial services industry, showcasing exactly what a next-generation Platform-as-a-Service solution can offer banks and financial institutions.

Even before the COVID-19 pandemic, when the need for digital adoption saw unprecedented acceleration, bankers have been looking for a way to modernise and refresh the system at the heart of their operations.

91% of leaders want to switch from a traditional monolithic system to a platform-based model, while three-quarters believe their CEO is entirely behind back-office change.

Many institutions have relied on the same workhorse equipment for decades, and their relative reliability once led many an executive to believe that it would be best to leave major change at the core to his successors. If it isn’t broken, why fix it?

That has changed. While core systems may have once performed the same batch processes day in and day out, the world has moved on.

Core banking systems designed and deployed years before the turn of the millennium are now having to cater to a new paradigm of ubiquitous mobile and digital banking, APIs, open banking, and connections to a vast array of products and services.

Our new paper explores:

  • What a next-generation banking platform can do
  • How to combine your products with an ecosystem
  • Ways to revolutionise your data reporting
  • How to select the right technology partner
  • Why a complete back-end system can help you compete with tech giants for top talent

Download the paper today to learn how to break the mould, not break the bank.

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