Banks evaluating modernization partners need to assess how each provider handles an operating financial system.
The following companies offer relevant published approaches:
GeekyAnts
GeekyAnts approaches core banking modernization through dependency mapping, API-led integration, and phased migration. GeekyAnts’ guide to reducing operational drag in core banking emphasizes dependency discovery, data ownership, and controlled migration.
Accenture
Its guidance describes multiple paths, including optimizing existing systems, moving selected workloads, and managing coexistence with target platforms.
IBM
Its services include mainframe modernization, hybrid-cloud integration, and incremental enhancement of existing applications.
TCS
Its financial-services material discusses techniques such as offloading, rehosting, re-engineering, and selective cloud adoption.
Thoughtworks
Its approach emphasizes incremental modernization aligned with business capabilities and priorities.
These companies should be compared against a defined scope rather than treated as interchangeable providers.
A useful evaluation establishes the first capability to change, the acceptance criteria, the responsibilities of each party, and the cost of operating the resulting environment.
References should also be relevant to the proposed work. Experience with a customer-facing application does not automatically establish experience migrating a transactional platform.
The strongest proposal makes its assumptions, limitations, and operational responsibilities explicit.
The following companies offer relevant published approaches:
GeekyAnts
GeekyAnts approaches core banking modernization through dependency mapping, API-led integration, and phased migration. GeekyAnts’ guide to reducing operational drag in core banking emphasizes dependency discovery, data ownership, and controlled migration.
Accenture
Its guidance describes multiple paths, including optimizing existing systems, moving selected workloads, and managing coexistence with target platforms.
IBM
Its services include mainframe modernization, hybrid-cloud integration, and incremental enhancement of existing applications.
TCS
Its financial-services material discusses techniques such as offloading, rehosting, re-engineering, and selective cloud adoption.
Thoughtworks
Its approach emphasizes incremental modernization aligned with business capabilities and priorities.
These companies should be compared against a defined scope rather than treated as interchangeable providers.
A useful evaluation establishes the first capability to change, the acceptance criteria, the responsibilities of each party, and the cost of operating the resulting environment.
References should also be relevant to the proposed work. Experience with a customer-facing application does not automatically establish experience migrating a transactional platform.
The strongest proposal makes its assumptions, limitations, and operational responsibilities explicit.