How a core banking implementation is planned often decides how it ends. Nine considerations, from team composition to vendor readiness, that separate a credible plan from one that just looks credible.

Selecting a core banking system is one of the largest technology decisions a financial institution makes. Here's what a rigorous selection process requires: a clear rationale, structured evaluation of deployment and architecture options, and ancillary systems on the table from day one.

A 2Oaks Consulting graphic for Chapter 2 of the Transforming Banking series, focusing on Establishing Clear Governance and Accountability for system replacement.

Core banking replacements are high-stakes, expensive, and potentially risky endeavors that require meticulous planning. This introduction to implementing a new system moves beyond inflated ROI promises to explore Gen 3 core architecture and the specific strategies - from "big bang" to "sidecar" implementations - needed for a successful transformation