The tipping point for core migration
According to a new analysis by Celent and Mambu banks may save around 50% of up-front costs and 18% of recurring costs if they switch to a cloud-native core.
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The business case for core migration.
Most institutions struggling to find a competitive advantage are mired in legacy core banking systems, which hinders performance, and reduces agility.
With time, the cost of running a legacy core is only increasing.
According to analysis by Celent and Mambu, banks globally may save $246.1 billion running a cloud-native core over five years, a 76% reduction in core spend and 15% savings in total IT costs over the same period.
Get the report to explore the benefits of cloud-native banking platforms, and challenges incumbents face due to legacy tech stack.
"Migrating all our services to Mambu’s platform enables us to add real value for the Raisin DS Group and our many partners. For our continued growth as a Baas provider, we now have one of the most modern and agile IT platforms among European banks."
Andreas Wolf
Chief Commercial Officer
Raisin Bank
REINVENTING BANKING WITH MAMBU
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