Event Interested in speaking at MongoDB World 2022? Become a speaker >> WHITE PAPER The 5 Phases of Banking Modernization Download Now Accelerate your digital transformation while minimizing risk If banks are eager to modernize, and their customers are demanding modern banking experiences, what’s taking banks so long to move away from the legacy systems that are restricting their ability to innovate? And why do so many legacy modernization efforts fall short? In this white paper, we’ll answer those questions and provide a path forward using an iterative approach to banking modernization. Our five-phase approach enables banks to see rapid improvements in a relatively short time while preserving the legacy components for as long as they’re needed to keep the business running. Download this white paper to gain a detailed understanding of the following: The differences between application-driven modernization, data-driven modernization, and a blended approach (iterative modernization) How to create an operational data layer (ODL) to act as a bridge between the legacy system and the new architecture How to rank data sources and applications to create a blueprint for modernizing We hope you enjoy our white paper, if you would like to learn more, take a look at our MongoDB for Financial Services page. Submit © 2021 MongoDB, Inc. - Mongo, MongoDB, and the MongoDB leaf logo are registered trademarks of MongoDB, Inc. | Legal Notices By clicking "Accept All Cookies", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. You can enable and disable optional cookies as desired. Read our Privacy Policy. Read our Privacy Policy Manage Cookies Accept All Cookies