CORE MODERNIZATION
Banking core modernization for today’s digital customers.
Legacy banking systems are hindering innovation and increasing operational costs for large financial institutions. Core modernization is no longer an option, but a strategic imperative. By embracing modern, cloud-native technologies, banks can enhance customer experiences, improve operational efficiency, and unlock new revenue streams.
Embrace modern architecture and gain
Cyberbank Core is a modern, API-first core banking platform designed to enable financial institutions and banks to deliver innovative, customer-centric financial solutions. Built for scalability, flexibility, and rapid integration, Cyberbank Core unites deposits, loans, and payment services to replace outdated systems which can scale to more than 10,000 Transactions Per Second without sacrificing performance.
Outdated Banking Systems
Challenges of legacy banking systems.
Legacy core systems, often built on mainframe technologies, present significant challenges for modern banks. Their monolithic architecture makes them difficult to integrate with new technologies, such as mobile banking apps, payment gateways, and open banking platforms. These systems can also be slow to adapt to changing market demands and regulatory requirements, hindering innovation and increasing operational costs.
What to consider
Selecting the right technology platform.
Selecting the right technology partner is crucial. The platform should be cloud-native, API-first, and scalable to support future growth. A thorough assessment of existing systems and data is essential to ensure a smooth and seamless transition. Banks must carefully consider their business objectives, technology roadmap, data migration strategy, integration plans, and change management approach.
Cloud infrastructure built for scale.
SoFi Tech Solutions's platform is designed for high performance, volume growth and resilience. Our technology is market-tested with a team conducting regular performance and availability testing.
INTERFACE INNOVATIONS
Create new innovations to power a real-time digital customer experience.
Digital Foundation Layer
Enables dynamic composition via API integrations and inputs.
Cloud Native
Build out-of-the-box products such as lending and rewards while tapping into our payment gateway.
Hosting Options
SaaS vs. bank-hosted on-prem.
SoFi Tech Solutions's platform is designed for high performance, volume growth and resilience. Our technology is market-tested with a team conducting regular performance and availability testing.
Our platform puts you in control of your cloud strategy, backed by SoFi Tech Solutions deep expertise and proven track record in powering financial innovation.
Our platform puts you in control of your cloud strategy, backed by SoFi Tech Solutions deep expertise and proven track record in powering financial innovation.
Incremental Modernization
A smarter path to modernization.
Replacing a core doesn’t have to be all or nothing. Leading banks are using sidecar cores and incremental modernization to de-risk the process. By migrating services and products gradually, they can modernize without disruption.
This approach allows banks to test new technologies, integrate real-time capabilities, and scale at their own pace—all while maintaining continuity for customers. Download our Core Modernization Ebook to see how banks are successfully upgrading their core.
This approach allows banks to test new technologies, integrate real-time capabilities, and scale at their own pace—all while maintaining continuity for customers. Download our Core Modernization Ebook to see how banks are successfully upgrading their core.
DISCOVER OUR PLATFORM
Are you ready to modernize your core?
Our team helps banks navigate core modernization with a flexible, phased approach. Whether you're looking to integrate new capabilities or fully upgrade your core, we can help.