Core Xtensibility Extending Bank Capabilities

2024

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AI-generated summary

1) This whitepaper explores how next-generation "Xtensible" core banking platforms enable financial institutions to customize business logic and extend capabilities rapidly without high total cost of ownership or vendor dependency.
2)
- Evolution of core banking from legacy mainframes to modern modular, cloud-native architectures.
- Comparison of Vendor-Managed SaaS versus Development-Driven DIY platforms, highlighting their respective challenges.
- Introduction of the FLEX Framework and core Xtensibility as a balanced solution for agility, lower costs, and enhanced customer experience.
3) Tags: core banking, xtensibility, cloud-native, SaaS, financial technology

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