• Services
  • Industries

  • About us
  • Careers
  • Contact us
en
en
Global(en) Deutsch(de) Svenska(sv) Español(es)
solution

Core Modernization

Infrastructure that meets the future needs of banking 

Connect with us
  1. Home
  2. Solutions
  3. Core Modernization
Banking and Financial Services High-Tech

Changing regulations and growing customer expectations require banks and financial services institutions to have agile applications and infrastructure. If you're operating with complex, inflexible, and expensive to maintain legacy application stacks, you won't be able to keep up with the changing business mandates. The push towards instant/near real-time and faster processing has led banks and financial institutions to take a harder look at their end-to-end (E2E) application ecosystem, business agility, customer user journey, processing SLAs, and technology expectations.

What if you could modernize your application ecosystem to become highly scalable, resilient, efficient, and future-proof?

Virtusa's Core Modernization services help banks and financial institutions transform legacy technology and applications into a modern ecosystem. We not only define, execute, and validate your solution but can assist you with the decision to build, buy, or collaborate with FinTech and high-tech companies.

 

Key benefits

Operating on legacy systems is a thing of the past. Working with Virtusa for core modernization ensures your bank is ready for the dynamic business environment. Our clients benefit from:

  • Time tested, future-proof, and scalable core architecture developed based on evidence from many client engagements
  • Accelerated product innovation, agility, and faster time to market
  • Plug and play architecture that enables ideation, prototyping, and collaboration with the FinTech, high-tech, and partner ecosystem.
  • Reduced cost of change, run, and maintenance of applications by using industry certified accelerators and tools kits 
  • Improved system of record (SOR) and databases to speed up response time and enhance the customer experience
Core Banking Modernization Solutions - Key benefits

Key features

We developed our core modernization offering with the end-to-end application ecosystem in mind.                                                                        Features of core modernization include:

Technology strategy and design

  • Enhanced business strategy based on technology strategy expertise
  • Current state assessment to assist with the decision to build, buy, or collaborate

 

Accelerating the Micro/API implementation

  • Framework assisted solution templates (FAST) automate and templatize microservices generation
  • Open Innovation Platform (OIP) enables rapid collaboration and onboarding with the FinTech and high-tech ecosystem

 

Business design and technical architecture blueprints

  • Business capability modeling (BCM) to help achieve your business vision
  • Technical architecture blueprints starter kit
  • BIAN aligned architecture blueprints and models

Data strategy and technology roadmap

  • Blueprints to seamlessly support both the old and new core
  • AI Model Zoo with pre-built AI models and algorithms accelerates the creation and launch of new ML models                                                                                                                          
Why Virtusa?

Virtusa approaches core modernization differently. We’ve worked with banks of all sizes to evaluate, redesign, build, and modernize their core to implement highly scalable and resilient applications.

Our unique domain and engineering expertise combined with industry-specific accelerators and frameworks enable banks to achieve measurable business results faster. With our proven expertise, we provide:

  • Focus: BCM ensures alignment with your business strategy and vision
  • Experience: Proven architecture synthesized into blueprints and starter kits   
  • Acceleration: Reusable assets and platforms speed up implementation
Core Banking Modernization Solutions

A global investment bank and financial services company reduces overall costs by 20%

Leveraging the latest cloud-native and microservices architecture with zero downtime during deployment, we increased system availability and time to market by 30% and improved customer experience by 20%. 

Learn More

Find out what Virtusa can do for you

Contact us now.

Contact Us
  1. First Name
  2. Last Name
  3. Job Title
  4. Organization
  5. Email
  6. Phone
  7. Comment or Question
  8. Contact Us
  • Services

    Consulting & DesignConsulting & Design

    • User Experience & Interface Design
    • Business Consulting
    • IT Strategy & Infrastructure
    • Accelerated Solution Design
    • Operational Process Design
    • Org Change Management

    Digital EngineeringDigital Engineering

    • AI & Machine Learning
    • Analytics, Insights, Data
    • Application Platform Engineering
    • Content & Customer Experience
    • Digital Process Automation
    • Enterprise Applications
    • Industrial IoT
    • xLabs: Innovation Hub

    Cloud TransformationCloud Transformation

    • Cloud Native Engineering
    • Cloud Migration Services
    • Cloud Operate
    • Cloud SaaS
    • Cloud Data & Analytics
    • Cloud Security

    Managed ServicesManaged Services

    • Application Support & Management
    • Infrastructure Management Services
    • Intelligent Engineering Automation
    • Intelligent Process Automation
    • Knowledge Process Outsourcing

    Take the Future Fitness Assessment:
    Cloud Adoption

    Has your organization realized the full potential of the cloud?
    Find out in just a few minutes.

    Start here
  • Industries

    IndustriesIndustries

    • Banking & Financial Services
    • Communications
    • Consumer Packaged Goods
    • Healthcare
    • Life Sciences
    • Information Services
    • Insurance
    • Independent Software Vendors
    • Manufacturing
    • Media & Entertainment
    • Retail
    • Transportation & Logistics
    • Travel & Hospitality

    Virtusa named leader in Pega Services

    PEAK Matrix® Assessment 2021 by Everest Group

    Read report
  • About us

    Who we areWho we are

    • About Virtusa
    • Board of Directors
    • Leadership
    • Corporate citizenship
    • Awards
    • Investor information

    Virtusa Cares

    Our response to the
    COVID-19 pandemic

    Learn more

    Our ApproachOur Approach

    • Digital Transformation Studio
    • Transformation Accelerators

    Our PartnershipsOur Partnerships

    • Adobe
    • AWS
    • Azure
    • Google
    • Pega
    • Salesforce
    • View all partners

    NewsroomNewsroom

    • Press releases
    • Events
    • Media coverage
    • Video hub

    Our Perspectives

    • Articles
    • Tech Talks
    • White papers
    • Webinars
    • More perspectives
    Offices locationsOffices locations

    Offices locations Offices locations

    • AMERICAS
    • EMEA
    • APAC
  • Careers
  • Contact us
  • Popular Searches

      Useful links

      • Contact us
      • Careers
      • Investors
      • News & Events

      Success stories

      More than 200 companies turn to Virtusa to drive their businesses forward in the age of digital transformation

      Learn more
    Follow Us:

    ©2022 Virtusa Corp. All rights reserved.

    • Privacy Policy
    • Cookies Policy
    • Terms of Use
    • Compliance
    • Glossary
    Close modal