Modernize With Ease: Your Guide to Core Banking with Thought Machine

Revolutionizing Products with Thought Machine’s Next-Gen Core Banking Systems

If you’re modernizing your core banking system, there are a lot of variables to consider and challenges that lie ahead. 

We’ve prepared an in-depth use case to illustrate the technical challenges, and explain how the power of Thought Machine and an experienced integration team can make improving your bank product seamless and scalable.

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Let’s examine the key challenges and how we can overcome them with Thought Machine’s Vault Core. Here are just some of the questions this whitepaper aims to answer:

What are the benefits of a next-gen core banking system?

What are the common challenges when implementing product improvements? 

What will I need to consider before I make the shift and as I develop? 

How can we translate business requirements into a technical perspective?

How can you best approach these changes with minimum impact to your banking product and keeping in mind existing systems?

Related insights

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Feature Driven Development (FDD)<\/a> in agile methodology is built around delivering small, client-valued features quickly and reliably. Over the past two decades, teams around the world have used FDD to tackle large, complex software projects. Now, the rise of advanced AI tools is reshaping how teams plan, design, and build those features.

Let\u2019s explore FDD, its core stages, and the ways AI tools are enhancing each aspect today.<\/strong>  <\/p>\n\n\n\n

What is Feature Driven Development?<\/strong><\/h2>\n\n\n\n

Feature Driven Development is an iterative, incremental approach to software construction<\/a>. Unlike some agile methods that organize work around iterations or sprints, FDD in software engineering organizes work around features: small functions that deliver tangible value to the end user. Each feature follows a clear lifecycle. It gets modeled, planned, designed, built, and then integrated into the evolving system. <\/p>\n\n\n\n

The driving principle is simple: Break down a large project into bite-sized, client-valued elements. Finish each element quickly. Show working software often. This keeps confusion and rework to a minimum and gives stakeholders regular confidence that the project is on track.<\/p>\n\n\n\n

In short, Feature Driven Development methodology can be summed up as:<\/strong><\/p>\n\n\n\n