Core Banking Modernization
The Challenge
A 40-year-old core banking platform was creating operational risk and blocking the bank's ability to launch new products. The board had approved a modernization initiative twice before — both had stalled.
Our Approach
Vector12 embedded with the CTO and program leadership for 18 months. We redesigned the migration architecture, replaced the failed vendor strategy with a phased strangler-fig approach, and built the internal capability to sustain the platform post-transition.
Results
- 18-month program delivered on time and under budget
- 99.99% uptime maintained throughout migration
- 40% reduction in infrastructure operating costs
- New product launch cycle reduced from 9 months to 6 weeks