Intelligent CIO Europe Issue 30 | Page 34

NEWS Report reveals organisatio legacy system modernisa More than two-thirds of organisations (67%) have started a legacy system modernisation project but failed to complete it. This is according to new global research from Advanced, which suggests one of the largest obstacles to a successful modernisation project is a disconnect of priorities between technical and leadership teams. Backbase and Mambu pa end-to-end integrated Sa Backbase, a leading omni-channel banking solution provider, has announced a strategic partnership with Mambu, a Berlinbased cloud banking platform, to jointly deliver a unique and powerful turnkey digital banking solution. In the highly competitive banking industry, financial institutions are looking for ways to increase their speed of innovation and flexibility to offer seamless banking experiences that customers actually want. The outdated legacy infrastructures, however, are inflexible and costly to maintain – making it challenging for financial institutions to innovate, deliver and quickly adapt the products and services modern end-users expect. The Backbase and Mambu partnership will help financial institutions of all sizes to break free from their legacy core and take back control. These new capabilities are pre-integrated, cloud-based and include turnkey app a fully serviced platform This seamless and futur facilitates fast innovatio flexibility that empower institutions across the g frictionless digital-first e and better meet the ne customers, who prefer e 18 INTELLIGENTCIO