Use Case
Digital Transformation
Modernizing Legacy Banking Systems
The Challenge
Traditional financial institutions face increasing pressure to modernize aging infrastructure that cannot support evolving customer expectations, new products, or changing regulatory requirements. Legacy core banking systems often require extensive customization, limit integration capabilities, and create operational inefficiencies that affect both customer experience and business performance. At the same time, institutions must modernize without disrupting the critical banking operations their customers and regulators depend on.
For one European financial institution, the challenge involved replacing more than 20 aging components from multiple vendors with a cohesive technology environment. The transformation extended beyond technology. It required redesigning processes, training teams, migrating data, and maintaining regulatory compliance and customer service throughout the transition.
The Kalydos Solution
Kalydos provides a flexible path to modernization, allowing financial institutions to replace legacy systems gradually rather than all at once. Integration capabilities and migration tools support a controlled transition while existing systems continue to operate.
Kalydos Core provides modern core banking capabilities that can operate alongside existing systems during migration. Kalydos Vantage supports lending operations with scalable loan management and data capabilities.
Together, these solutions give institutions the flexibility to modernize at their own pace, reduce disruption, and introduce new capabilities as their transformation progresses.
Key Benefits
SIMPLIFIED CORE MODERNIZATION
Replacing a core banking system and the surrounding technology can be complex. Kalydos helps institutions design processes around the needs of both customers and operations teams, creating a more effective path from legacy systems to modern infrastructure.
REDUCED OPERATIONAL COSTS
Automated processes and cloud-native infrastructure help reduce operational overhead and improve efficiency.
IMPROVED CUSTOMER EXPERIENCES
Modern digital interfaces and streamlined processes help institutions deliver faster, more consistent customer experiences.
ENHANCED REGULATORY COMPLIANCE
Integrated reporting, audit capabilities, and modern data management support evolving regulatory and compliance requirements.
FUTURE-READY ARCHITECTURE
Flexible, API-driven architecture enables institutions to add new capabilities, integrate new technologies, and adapt as business needs evolve.
Full Migration
A regional bank successfully migrated from a 30-year-old core banking system to the Kalydos platform, replacing legacy technology while introducing new functionality for customers. The migration is projected to deliver more than 45% in cost savings over five years.
“We needed to upgrade and migrate from current systems – this was a business imperative, and hugely complicated by the fact that we needed to do this while continuing to run all operations, and make the live change over in about a year.”
Customer in Europe