Traditional banking systems, burdened by age and complexity, can cripple innovation, restrain time to value, and strain customer relationships. This is not an isolated challenge; many incumbent banks struggle to keep ownership and maintenance costs in check and swiftly expand product offerings to compete with nimble challenger banks. Digital transformation is no longer a choice; it’s a lifeline. Embracing a modern, cloud-based banking platform and thriving ecosystem of specialist third-party solutions offers a path to faster time to market, data-driven decision-making, and personalised customer experiences that foster loyalty and engagement. Key drivers of digital transformation in banking In the rapidly…