With cloud computing offering new levels of flexibility and scalability, many banks are considering replacing their core banking system (CBS) with a more open and extendable alternative. But migrating from legacy to modern core banking systems can be complex, time-consuming, and risky. Core banking systems are prime targets for cyberattacks, meaning organizations must implement and test robust security measures, including encryption, multi-factor authentication, and real-time threat detection.
This white paper explains how Tech Mahindra, in partnership with Temenos and Amazon Web Services (AWS), has developed a fully automated core banking solution that can be installed as a cloud image across multiple locations, reducing set-up times from weeks to just minutes.
