Use Case
Digital Transformation
Modernizing legacy banking systems
The challenge
Traditional financial institutions face mounting pressure to modernize aging infrastructure that cannot support contemporary customer expectations or emerging regulatory requirements. Legacy core banking systems often require extensive customization, limit integration capabilities, and create operational inefficiencies that impact both customer experience and profitability. These institutions must balance the need for innovation with the risk of disrupting critical banking operations that customers and regulators depend upon.
For an existing financial institution in Europe we brought everything together to replace over 20 aging components, from different vendors, into a cohesive concept. The challenge wasn’t just technology, it was updating the processes and training, and migrating data for regulatory compliance and customer service.
The Kalydos solution
Kalydos enables gradual migration from legacy systems through flexible integration capabilities and proven migration methodologies. Kalydos Core provides modern core banking functionality that can operate alongside existing systems during transition periods. Kalydos Glide delivers contemporary customer experiences that can be deployed independently of core system changes. Kalydos Vantage provides comprehensive data analysis that helps institutions optimize operations during and after transformation initiatives.
Key benefits
Navigating a core replacement from ideation to completion is a big job. When it also means replacing a number of other systems, the complexity increases. By designing flows in the processing to meet the needs of the end-customer, we were able to find the approach that works for the customer and the bank operations staff.
Reduced operational costs through automated processes and cloud-native efficiency improvements.
Improved customer satisfaction via modern digital interfaces and faster transaction processing.
Enhanced regulatory compliance through built-in reporting and audit capabilities.
Future-ready architecture that supports continued innovation and adaptation to market changes.
Full Migration
Regional bank successfully migrated from 30-year-old core system to Kalydos platform, building new functionality for customers. We anticipate cost savings in at more than 45% over the next 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