Digital transformation is a buzzword that has been used frequently over the past few years. The process of transforming an organization by leveraging digital technologies can be a daunting task, but it is a necessary step to stay competitive in today's fast-paced world.

There are many core banking solutions in the market targeted to different financial institutions of different sizes and different business models. Some of the popular ones on the market are Crassula, Iorys, Mambu and Temenos Transact covering needs of fintechs, neobanks and well established banks of different sizes and business models.

The world of banking is rapidly changing, as advances in technology have made it possible for consumers to access financial services in new and innovative ways. In the digital era, banks and financial institutions must adapt to stay relevant and meet the changing needs of their customers.

Core banking solution upgrades is not an easy task as it's not a computer or some gadget where you might want all the latest and greatest features available along with latest bugs. Yes, bugs are also common especially with "dot zero" versions. Core banking solution actually is a heart of your financial institution or fintech and here you need stability and minimise risks as impacts could be devastating, if something goes wrong, and thus with a system at heart of your organisation you won't play just to get "latest and greatest". You are looking stability for your heart.

Core banking transformation programmes done well are a heart surgery on the bank, removing the dead tissue and replacing it with healthy vital organs.  Done poorly, these programs are absolute buffoonery with practitioners not able to tell the difference between the healthy and the dead organs — and with the sharpest tool being a cudgel.