Cloud-native Cores and Digital Banking RevolutionOne small step towards cloud-native cores, one giant leap towards digital finance! — That’s how the financial industry has been moving in 2022.Legacy infrastructure in banking has long been the elephant in the room, preventing financial institutions from personalising their services at scale. According to a report by Celent and Mambu, banks worldwide can save up to $246B by switching to a cloud-native architecture, including a 76% decrease in core spending and a 15% reduction in total IT costs over a five-year period.In 2022, we witnessed a massive influx of banks and FinTechs embracing cloud-native architectures by forging strategic alliances with modern core banking providers. The legacy systems that large financial institutions often rely on have left them marooned in technological quicksand. 80% of top bank executives believe that if they do not upgrade their technology to be more flexible and capable of supporting rapid innovation, the very existence of their company may be in jeopardy. With cloud-native core banking platforms, banks can personalise their services at scale as well as rapidly design, test, and deliver engaging experiences to customers.Incumbents across the globe are waking up to this notion of evolving dynamics as constant technological […]