Core banking transformation challenges

How do you maximize the return on investment in digital transformation? Start with avoiding the following four common transformation traps, as broken down by Luxoft’s experts.

At Luxoft, we help our clients counter any transformation problem. However, four of them stand out as the most common traps to us:
Equating new hires to facilitating transformation
Allocating the budget before defining the target state and roadmap
Changing technology without reassessing the underlying business processes or securing the buy-in
Setting unrealistic deadlines

As an expert in addressing these and other banking digital transformation challenges, we rely on our experience to avoid these traps. To help our clients counter those business transformation challenges, we have identified five principles of transformation:
Protect banking services with continuous support
Build a digital transformation strategy
Standardize software selection and design
Establish leadership and governance
Find a reliable partner well-versed in core banking transformation challenges

From setting up straight-through transaction processing to developing a customer portal, Luxoft leverages its 45+ years of experience to deliver solutions with tangible value. Let us help you avoid traps in digital transformation and maximize its impact.