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Insights and Expertise

can be deployed to the calculation engine without touch-
ing fraud logic. A new product type can be added with-
out rebuilding underwriting workflows. This modularity
reduces both the risk and cost of ongoing maintenance,
and it compresses the deployment timelines that leave
many banks exposed during the gap between a regulatory
change and its implementation.

The strategic case for moving now
Several converging forces are narrowing the window
for deliberation. AI-driven capabilities are being built on
modern, cloud-native architectures, and legacy platforms
cannot natively integrate with them. Fraud threat actors
are operating on modern infrastructure as well, meaning
the defensive tools being developed to counter them are GS Media Exchange Partnerships
designed for environments legacy systems cannot host.
Staying on an older platform is not a neutral choice; it is a One way to dramatically expand your reach is
decision to fall further behind on both dimensions simul- through media exchange partnerships. Working
taneously. with The Green Sheet to showcase your product,
service, event or cause can help you cost-effec-
Business growth is accelerating this pressure further. En- tively increase your opportunity’s value, attract
tering a new state, launching a new asset class or expand- warm prospects, close deals, find new partners
ing a branch network surfaces gaps in legacy platforms and more. Come with us right to the heart of the
that may have been manageable at a smaller scale. The payments community.
survey found that 76.5 percent of respondents rated their
need to modernize as either extremely urgent or very ur- Send your sponsorship
gent. Banks that continue to delay are doing so against a exchange requests to
competitive environment that is not waiting. kat@greensheet.com.
The transition game plan

Most banks will not execute modernization alone. The sur-
vey also found that 64.6 percent cited migration support as
the most needed form of assistance, and 65.9 percent re-
ported using a combination of internal development and
third-party solutions. Hybrid delivery models are already
the market norm.

When evaluating partners, banks should look beyond
technical capability to domain expertise. Consumer bank-
ing calculation logic requires sustained investment in
regulatory tracking, compliance accuracy, and actuarial
precision. A platform that is architecturally modern but
lacks that depth may solve one problem while creating
new exposure in areas that matter most to examiners and
customers alike. New + Tried and True =
A Winning Strategy for You
The transition from legacy to modern is not a single event.
It is a shift in operating model that affects how compli- Reaching the right partners and customers
ance is maintained, how products are launched and how requires a mix of old and new approaches. Press
institutional knowledge is preserved over time. Banks that releases are a peerless, proven way to tell your
approach it as a long-term strategic investment rather than company’s story while also delivering a sense of
a discrete technology project are the ones most likely to urgency. Share your latest achievements for free
emerge with a durable competitive advantage. on our homepage multimedia hub. The payments

Tim Yalich is vice president of Business Development for Carleton, the community will pay attention, and you’ll advance
country's leading provider of financial calculation software, loan origi- your brand.
nation compliance support, and document generation software. You Send your press releases to
can reach him via LinkedIn at https://www.linkedin.com/in/timothy- press@greensheet.com.
yalich. For more information about Carleton, please visit www.carleton-
inc.com.

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