Core banking platform modernisation
A leading UK-based bank operating legacy on-premises core banking infrastructure spanning two decades, with increasing operational risk and mounting technical debt.
The Challenge
The client's core banking system was over 20 years old, running on infrastructure that was no longer vendor-supported. Regulatory requirements for resilience and auditability could not be met without significant investment. The legacy system had also become a barrier to launching new digital products at the pace required to stay competitive.
Our Approach
Synovy Solutions led a structured discovery to fully catalogue the existing architecture and its dependencies. We designed a phased migration strategy — enabling the client to run parallel systems during transition — and provided architecture governance throughout a 26-month programme. Our team coordinated across four SI partners and multiple internal product teams.
The Outcome
The client successfully completed migration to a cloud-native banking platform, achieving full regulatory compliance and enabling three new digital product lines to launch within 12 months of go-live. Operational costs for infrastructure were substantially reduced over the following 18-month period.