Leaders from Deloitte and Mambu dispel some of the common myths around composable banking and answer the most frequently asked questions from financial institutions across the globe.
The banking ecosystem has become a highly competitive environment for traditional banks. Fintechs are gaining market share, with innovative financial products that are being delivered through agile, customer-focused business models.
As financial institutions evolve to compete in this space, more and more are turning to composable banking. A great example of this is Western Union, who launched two digital banks with Deloitte and Mambu in less than a year – an incredible feat.
This trend is set to continue. Gartner predicts that by 2024, at least 60 percent of finance organisations will be seeking composable finance applications in new technology investments.
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Composable banking vs traditional solutions
In this webinar, we answer the most frequently asked questions from global financial institutions, including:
- What are the functional components of a composable bank?
- What are the typical challenges when deploying a composable application?
- What are the risks associated with a composable implementation?
- What recommendations and best practices should we use to migrate to a composable architecture from a monolithic architecture?
- Can composable enable coreless banking in the long run?
Meet the speakers
Miguel Amaro, Partner at Deloitte
Miguel is a Deloitte Portugal Partner for the Core Business Operations Industry Solutions group. With 22 years of consulting experience, Miguel specializes in Financial Services Technologies focused on complex core banking transformation programs. He is also the leader of the Mambu Center of Excellence based in Portugal.
Kunal Galav, Global Head of Partnership Development at Mambu
Kunal’s experience in customer strategy for digital transformations comes from experience built in prestigious banking institutions like Credit Suisse and HSBC, as well as consultancies like McKinsey. At Mambu, Kunal heads the partnership development team, which is responsible for building strategic partnerships with large tech companies and GSIs.