This IDC InfoBrief describes the current and new drivers for core system modernization in banking worldwide, including:

• IDC’s definition of a core system
• What a modern, digital core platform looks like
• Reasons why core modernization is important
• Why today’s justifications to modernize are more complex than in the past
• Challenges of core modernization
• The importance of cloud in core processing
• Guidance to banks that are considering core system modernization