As an IT consultant working on a core banking product, I’m inundated with queries on upgrading the product digitally. Though many banks that run on legacy core banking products are able to meet customer expectations, they still need to up their ante to fend off the bludgeoning popularity of new fintech players in the financial ecosystem.
For the uninitiated, legacy core banking systems have long been considered the albatross in a banks’ digital journey. To all those banks and financial institutions that are struggling to go digital, “Digital Banking tips” by Tolga Tavlas offers just the right start.
It is a quick read with some practical, actionable steps, which can be effortlessly retrofitted in the existing infrastructure. Most tips effectively demonstrate how a bit of logical thinking can help to generate a host of digital ideas.
A few chapters in the end seemed repetitive and could have been excluded. The book broadly covered the major facets of digital banking, but lacked in depth. The writer can make up for it by coming up with a detail-oriented sequel.
All in all, a good read and recommended for all digital enthusiasts and CIOs!