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1Core System Transformation
Constant change may be the new normal but it can also signal ongoing opportunity It is the opportunity to reassess and retool an organizationrsquos core systems to enable growth and it is here that KPMG LLP (KPMG) can help We work alongside your team to help you transform your core system into a more effective efficient and sustainable structure ndash one that can enable nimbleness and secure a competitive advantage for your Enterprise With real-time paymentsbanking as well as increased client demands and the speed of regulatory change at the forefront in the US and other jurisdictions a modernized core banking platform is critical to help your organization deliver value and remain competitive to help your organization deliver value well into the future
Taking a thoughtful step back can allow you to integrate various elements of a bankrsquos core platform and align them throughout the Enterprise The potential benefits of this approach can extend to building an organizational culture that is driven by strategy focused on competitive advantage and added business value attuned to multiple stakeholders and embedded in governance planning and operations
The KPMG advantage
Global reachTo meet the core system needs of our clients KPMG through its network of member firms has built an integrated core system transformation practice that is notable in global scale depth of knowledge and consistency of delivery
Global delivery capabilityKPMG is a global firm that works flexibly with our clients at any scale from specialized domestic assignments to wide-ranging multi-regional engagements
Sector and region specializationKPMG draws upon the seasoned knowledge of KPMG sector and regional jurisdiction specialists many of them with deep subject matter expertise and many years in their field
The strategic opportunity
Core System TransformationFrom strategy to execution KPMG can help you enhance the value
2017
2Core System Transformation
Core banking transformation refers to the replacement or upgrade of a bankrsquos Core Banking Systems which are an integrated suite of software applications for processing and posting of transactions and managing the accounting processes of settlement for a bank These applications perform mission critical operations for a bank related to accounts loans andor payments and constitute the
heart and backbone of the bankrsquos Information Technology infrastructure
The benefits and justification of a core system transformation span across the Business Technology and Operations divisions of any banking organization
Core system transformation objectives
Objectives of Core System Transformation
Business Technology Operations
mdash Increase Time to Market for new Products
mdash Enable Compliance with new Regulatory Requirements
mdash Generate more Cross-Selling Opportunities
mdash Enhance flexibility to innovate in products and pricing
mdash Achieve consistent multi-channel experience
mdash Optimize existing costs associated with core applications
mdash Reduce high maintenance costs associated with legacy IT systems
mdash Achieve SOA replacing siloed product-based legacy models
mdash Build multi-channel capability
mdash Achieve streamlined end-to-end business processes
mdash Increase interoperability by standardizing business processes
mdash Eliminate manual operations
3Core System Transformation
The benefits of transforming an Organizationrsquos Platforms are many for both Retail and Commercial Banks and the clients that they serve including time to market customer service operational efficiency and compliancerisk mitigation factors
mdash Enables faster speed to market to respond quickly to client demands new product and service offerings and regulatory mandates
mdash Enables a 360 degree view of the customer providing the capability to improve the customer experience create stickiness by enabling deep integration with the client and generate up-selling and cross-selling opportunities
mdash Improved customer satisfaction and revenue growth opportunities due to dynamic pricing capabilities and increased real-time transaction reporting
mdash Increased Operational Efficiencies and Cost Reduction due to infrastructure modernization platform simplification and consolidation of redundant systems
mdash Risk Mitigation and reduced reliance on aging technology resource constraints and manual processingpoints of failure
mdash 24x7 processing to support real time balance information
mdash Realization of soft saves include elimination of lost deals due to lack of functionality opportunity cost of using investment dollars to develop workarounds to circumvent system limitations and operational givebacks provided to clients related to system issues
Core system transformation benefits
A modernized core infrastructure is critical to a Bankrsquos ability to reduce their cost operate more efficiently remain competitive and achieve their strategic goals Organizations must commit to upgrading their capabilities to keep up with the competition or risk being left behind and at a competitive disadvantage
4Core System Transformation
The current trends driving need for transformational capabilities and value
Key Market Drives Are Forcing Organizations to Review the Implications of their Current Legacy Environment
Driving Need for Core System Transformation
Capabilities That
Provide Transformational Value in the Current Industry
Environment
Leverage Tools and Capabilities to Accelerate an Organizationrsquos
Move through their Transformation Journey
Faster and More Efficiently
Mitigate the Organizationrsquos Risk
throughout the Transformational
Journey
To Respond to Client Needs
Increased Client
Demands
Increased Regulatory
Requirements
Economic Environment amp
Profitability Pressures
Increased Competition
Increased Enterprise Risk Considerations
Slow Speed to Market for New Products
LimitedSiloed Customer Views
High Maintenance Costs
Diminishing Legacy Technology Skills
Lack of Real Time Processing Systems
Slow Response Time to Regulatory
Mandates
Decreased Time to Market to Offer New
Products and Services
Holistic Customer Relationship Views
Capability to Expand into New Markets
Enablement Real Time Information and
Analytics
Ability to Achieve Real Time Processing
Capabilities
Ability to Drive Operational Efficiencies
5Core System Transformation
Representative Current State Core System Transformation Visualization
Customers are becoming increasingly demanding in the products and services that they require from their banking partners Core system transformation initiatives to remediate antiquated infrastructure and upgrades to flexible and configurable core platforms are becoming increasingly important in order to respond to increased client demands and the ever-changing external and regulatory environment
Retail and Commercial Banks are investing more heavily in Core Platform replacement and modernized
capabilities to help alleviate numerous pain points within their organizations such as
mdash Lack of channel standardization
mdash Excess people processes leading to human error
mdash Demand for real-time balance and payment statuses
mdash Lack of support for real-time payment clearing networks
The current state environment
6Core System Transformation
Representative Core System Transformation Target Operating Model
The target state environmentThrough transformation of an organizationrsquos core platforms many of the pain points experienced with legacy systems are alleviated Target state benefits include but are not limited to
mdash Increase speed to adapt to regulatory and industry change
mdash Faster speed to market for product rollout
mdash Ability to scale to new volume
mdash More consist client experience with cohesive systems
7Core System Transformation
Based on our vast experience assisting some of the largest global financial institutions in their core system transformation journeys KPMG understands the efforts and challenges that our clients are currently facing KPMG has the scale global reach industry insight and multidisciplinary range of services to help your Institution make informed business decisions and better realize long-term value as you begin your transformation journey
KPMGrsquos Operations Risk practice can help you in your transformation endeavors through leveraging our two main areas of support
mdash Core Banking Assessment ndash 10-12 week Target Operating Model development
mdash Implementation Support
In order to achieve cross-functional capabilities that deliver results our team leverages the following differentiators to assist your organization across each of these areas of support
mdash Core System Transformation insights including deep knowledge of business technology and operations expectations and how to work with cross-functional teams
mdash Deep domain knowledge including deep subject matter expertise in the payments deposits and credit industries as well as extensive experience in conducting end-to-end vendor assessments for both Core Banking and Payments Platforms on a US and global scale
mdash Global Experiences including Target Operating Model and Implementation support conducted not only in the US but also in global jurisdictions
mdash Risk Mitigation including the ability to mitigate andor minimize risk by identifying assessing and managing the risk options through our strategically developed risk lens
mdash Valuable Accelerators and Differentiators including key transformation accelerators that have been developed and refined over multiple core system transformation engagements
How KPMG can help
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
2Core System Transformation
Core banking transformation refers to the replacement or upgrade of a bankrsquos Core Banking Systems which are an integrated suite of software applications for processing and posting of transactions and managing the accounting processes of settlement for a bank These applications perform mission critical operations for a bank related to accounts loans andor payments and constitute the
heart and backbone of the bankrsquos Information Technology infrastructure
The benefits and justification of a core system transformation span across the Business Technology and Operations divisions of any banking organization
Core system transformation objectives
Objectives of Core System Transformation
Business Technology Operations
mdash Increase Time to Market for new Products
mdash Enable Compliance with new Regulatory Requirements
mdash Generate more Cross-Selling Opportunities
mdash Enhance flexibility to innovate in products and pricing
mdash Achieve consistent multi-channel experience
mdash Optimize existing costs associated with core applications
mdash Reduce high maintenance costs associated with legacy IT systems
mdash Achieve SOA replacing siloed product-based legacy models
mdash Build multi-channel capability
mdash Achieve streamlined end-to-end business processes
mdash Increase interoperability by standardizing business processes
mdash Eliminate manual operations
3Core System Transformation
The benefits of transforming an Organizationrsquos Platforms are many for both Retail and Commercial Banks and the clients that they serve including time to market customer service operational efficiency and compliancerisk mitigation factors
mdash Enables faster speed to market to respond quickly to client demands new product and service offerings and regulatory mandates
mdash Enables a 360 degree view of the customer providing the capability to improve the customer experience create stickiness by enabling deep integration with the client and generate up-selling and cross-selling opportunities
mdash Improved customer satisfaction and revenue growth opportunities due to dynamic pricing capabilities and increased real-time transaction reporting
mdash Increased Operational Efficiencies and Cost Reduction due to infrastructure modernization platform simplification and consolidation of redundant systems
mdash Risk Mitigation and reduced reliance on aging technology resource constraints and manual processingpoints of failure
mdash 24x7 processing to support real time balance information
mdash Realization of soft saves include elimination of lost deals due to lack of functionality opportunity cost of using investment dollars to develop workarounds to circumvent system limitations and operational givebacks provided to clients related to system issues
Core system transformation benefits
A modernized core infrastructure is critical to a Bankrsquos ability to reduce their cost operate more efficiently remain competitive and achieve their strategic goals Organizations must commit to upgrading their capabilities to keep up with the competition or risk being left behind and at a competitive disadvantage
4Core System Transformation
The current trends driving need for transformational capabilities and value
Key Market Drives Are Forcing Organizations to Review the Implications of their Current Legacy Environment
Driving Need for Core System Transformation
Capabilities That
Provide Transformational Value in the Current Industry
Environment
Leverage Tools and Capabilities to Accelerate an Organizationrsquos
Move through their Transformation Journey
Faster and More Efficiently
Mitigate the Organizationrsquos Risk
throughout the Transformational
Journey
To Respond to Client Needs
Increased Client
Demands
Increased Regulatory
Requirements
Economic Environment amp
Profitability Pressures
Increased Competition
Increased Enterprise Risk Considerations
Slow Speed to Market for New Products
LimitedSiloed Customer Views
High Maintenance Costs
Diminishing Legacy Technology Skills
Lack of Real Time Processing Systems
Slow Response Time to Regulatory
Mandates
Decreased Time to Market to Offer New
Products and Services
Holistic Customer Relationship Views
Capability to Expand into New Markets
Enablement Real Time Information and
Analytics
Ability to Achieve Real Time Processing
Capabilities
Ability to Drive Operational Efficiencies
5Core System Transformation
Representative Current State Core System Transformation Visualization
Customers are becoming increasingly demanding in the products and services that they require from their banking partners Core system transformation initiatives to remediate antiquated infrastructure and upgrades to flexible and configurable core platforms are becoming increasingly important in order to respond to increased client demands and the ever-changing external and regulatory environment
Retail and Commercial Banks are investing more heavily in Core Platform replacement and modernized
capabilities to help alleviate numerous pain points within their organizations such as
mdash Lack of channel standardization
mdash Excess people processes leading to human error
mdash Demand for real-time balance and payment statuses
mdash Lack of support for real-time payment clearing networks
The current state environment
6Core System Transformation
Representative Core System Transformation Target Operating Model
The target state environmentThrough transformation of an organizationrsquos core platforms many of the pain points experienced with legacy systems are alleviated Target state benefits include but are not limited to
mdash Increase speed to adapt to regulatory and industry change
mdash Faster speed to market for product rollout
mdash Ability to scale to new volume
mdash More consist client experience with cohesive systems
7Core System Transformation
Based on our vast experience assisting some of the largest global financial institutions in their core system transformation journeys KPMG understands the efforts and challenges that our clients are currently facing KPMG has the scale global reach industry insight and multidisciplinary range of services to help your Institution make informed business decisions and better realize long-term value as you begin your transformation journey
KPMGrsquos Operations Risk practice can help you in your transformation endeavors through leveraging our two main areas of support
mdash Core Banking Assessment ndash 10-12 week Target Operating Model development
mdash Implementation Support
In order to achieve cross-functional capabilities that deliver results our team leverages the following differentiators to assist your organization across each of these areas of support
mdash Core System Transformation insights including deep knowledge of business technology and operations expectations and how to work with cross-functional teams
mdash Deep domain knowledge including deep subject matter expertise in the payments deposits and credit industries as well as extensive experience in conducting end-to-end vendor assessments for both Core Banking and Payments Platforms on a US and global scale
mdash Global Experiences including Target Operating Model and Implementation support conducted not only in the US but also in global jurisdictions
mdash Risk Mitigation including the ability to mitigate andor minimize risk by identifying assessing and managing the risk options through our strategically developed risk lens
mdash Valuable Accelerators and Differentiators including key transformation accelerators that have been developed and refined over multiple core system transformation engagements
How KPMG can help
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
3Core System Transformation
The benefits of transforming an Organizationrsquos Platforms are many for both Retail and Commercial Banks and the clients that they serve including time to market customer service operational efficiency and compliancerisk mitigation factors
mdash Enables faster speed to market to respond quickly to client demands new product and service offerings and regulatory mandates
mdash Enables a 360 degree view of the customer providing the capability to improve the customer experience create stickiness by enabling deep integration with the client and generate up-selling and cross-selling opportunities
mdash Improved customer satisfaction and revenue growth opportunities due to dynamic pricing capabilities and increased real-time transaction reporting
mdash Increased Operational Efficiencies and Cost Reduction due to infrastructure modernization platform simplification and consolidation of redundant systems
mdash Risk Mitigation and reduced reliance on aging technology resource constraints and manual processingpoints of failure
mdash 24x7 processing to support real time balance information
mdash Realization of soft saves include elimination of lost deals due to lack of functionality opportunity cost of using investment dollars to develop workarounds to circumvent system limitations and operational givebacks provided to clients related to system issues
Core system transformation benefits
A modernized core infrastructure is critical to a Bankrsquos ability to reduce their cost operate more efficiently remain competitive and achieve their strategic goals Organizations must commit to upgrading their capabilities to keep up with the competition or risk being left behind and at a competitive disadvantage
4Core System Transformation
The current trends driving need for transformational capabilities and value
Key Market Drives Are Forcing Organizations to Review the Implications of their Current Legacy Environment
Driving Need for Core System Transformation
Capabilities That
Provide Transformational Value in the Current Industry
Environment
Leverage Tools and Capabilities to Accelerate an Organizationrsquos
Move through their Transformation Journey
Faster and More Efficiently
Mitigate the Organizationrsquos Risk
throughout the Transformational
Journey
To Respond to Client Needs
Increased Client
Demands
Increased Regulatory
Requirements
Economic Environment amp
Profitability Pressures
Increased Competition
Increased Enterprise Risk Considerations
Slow Speed to Market for New Products
LimitedSiloed Customer Views
High Maintenance Costs
Diminishing Legacy Technology Skills
Lack of Real Time Processing Systems
Slow Response Time to Regulatory
Mandates
Decreased Time to Market to Offer New
Products and Services
Holistic Customer Relationship Views
Capability to Expand into New Markets
Enablement Real Time Information and
Analytics
Ability to Achieve Real Time Processing
Capabilities
Ability to Drive Operational Efficiencies
5Core System Transformation
Representative Current State Core System Transformation Visualization
Customers are becoming increasingly demanding in the products and services that they require from their banking partners Core system transformation initiatives to remediate antiquated infrastructure and upgrades to flexible and configurable core platforms are becoming increasingly important in order to respond to increased client demands and the ever-changing external and regulatory environment
Retail and Commercial Banks are investing more heavily in Core Platform replacement and modernized
capabilities to help alleviate numerous pain points within their organizations such as
mdash Lack of channel standardization
mdash Excess people processes leading to human error
mdash Demand for real-time balance and payment statuses
mdash Lack of support for real-time payment clearing networks
The current state environment
6Core System Transformation
Representative Core System Transformation Target Operating Model
The target state environmentThrough transformation of an organizationrsquos core platforms many of the pain points experienced with legacy systems are alleviated Target state benefits include but are not limited to
mdash Increase speed to adapt to regulatory and industry change
mdash Faster speed to market for product rollout
mdash Ability to scale to new volume
mdash More consist client experience with cohesive systems
7Core System Transformation
Based on our vast experience assisting some of the largest global financial institutions in their core system transformation journeys KPMG understands the efforts and challenges that our clients are currently facing KPMG has the scale global reach industry insight and multidisciplinary range of services to help your Institution make informed business decisions and better realize long-term value as you begin your transformation journey
KPMGrsquos Operations Risk practice can help you in your transformation endeavors through leveraging our two main areas of support
mdash Core Banking Assessment ndash 10-12 week Target Operating Model development
mdash Implementation Support
In order to achieve cross-functional capabilities that deliver results our team leverages the following differentiators to assist your organization across each of these areas of support
mdash Core System Transformation insights including deep knowledge of business technology and operations expectations and how to work with cross-functional teams
mdash Deep domain knowledge including deep subject matter expertise in the payments deposits and credit industries as well as extensive experience in conducting end-to-end vendor assessments for both Core Banking and Payments Platforms on a US and global scale
mdash Global Experiences including Target Operating Model and Implementation support conducted not only in the US but also in global jurisdictions
mdash Risk Mitigation including the ability to mitigate andor minimize risk by identifying assessing and managing the risk options through our strategically developed risk lens
mdash Valuable Accelerators and Differentiators including key transformation accelerators that have been developed and refined over multiple core system transformation engagements
How KPMG can help
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
4Core System Transformation
The current trends driving need for transformational capabilities and value
Key Market Drives Are Forcing Organizations to Review the Implications of their Current Legacy Environment
Driving Need for Core System Transformation
Capabilities That
Provide Transformational Value in the Current Industry
Environment
Leverage Tools and Capabilities to Accelerate an Organizationrsquos
Move through their Transformation Journey
Faster and More Efficiently
Mitigate the Organizationrsquos Risk
throughout the Transformational
Journey
To Respond to Client Needs
Increased Client
Demands
Increased Regulatory
Requirements
Economic Environment amp
Profitability Pressures
Increased Competition
Increased Enterprise Risk Considerations
Slow Speed to Market for New Products
LimitedSiloed Customer Views
High Maintenance Costs
Diminishing Legacy Technology Skills
Lack of Real Time Processing Systems
Slow Response Time to Regulatory
Mandates
Decreased Time to Market to Offer New
Products and Services
Holistic Customer Relationship Views
Capability to Expand into New Markets
Enablement Real Time Information and
Analytics
Ability to Achieve Real Time Processing
Capabilities
Ability to Drive Operational Efficiencies
5Core System Transformation
Representative Current State Core System Transformation Visualization
Customers are becoming increasingly demanding in the products and services that they require from their banking partners Core system transformation initiatives to remediate antiquated infrastructure and upgrades to flexible and configurable core platforms are becoming increasingly important in order to respond to increased client demands and the ever-changing external and regulatory environment
Retail and Commercial Banks are investing more heavily in Core Platform replacement and modernized
capabilities to help alleviate numerous pain points within their organizations such as
mdash Lack of channel standardization
mdash Excess people processes leading to human error
mdash Demand for real-time balance and payment statuses
mdash Lack of support for real-time payment clearing networks
The current state environment
6Core System Transformation
Representative Core System Transformation Target Operating Model
The target state environmentThrough transformation of an organizationrsquos core platforms many of the pain points experienced with legacy systems are alleviated Target state benefits include but are not limited to
mdash Increase speed to adapt to regulatory and industry change
mdash Faster speed to market for product rollout
mdash Ability to scale to new volume
mdash More consist client experience with cohesive systems
7Core System Transformation
Based on our vast experience assisting some of the largest global financial institutions in their core system transformation journeys KPMG understands the efforts and challenges that our clients are currently facing KPMG has the scale global reach industry insight and multidisciplinary range of services to help your Institution make informed business decisions and better realize long-term value as you begin your transformation journey
KPMGrsquos Operations Risk practice can help you in your transformation endeavors through leveraging our two main areas of support
mdash Core Banking Assessment ndash 10-12 week Target Operating Model development
mdash Implementation Support
In order to achieve cross-functional capabilities that deliver results our team leverages the following differentiators to assist your organization across each of these areas of support
mdash Core System Transformation insights including deep knowledge of business technology and operations expectations and how to work with cross-functional teams
mdash Deep domain knowledge including deep subject matter expertise in the payments deposits and credit industries as well as extensive experience in conducting end-to-end vendor assessments for both Core Banking and Payments Platforms on a US and global scale
mdash Global Experiences including Target Operating Model and Implementation support conducted not only in the US but also in global jurisdictions
mdash Risk Mitigation including the ability to mitigate andor minimize risk by identifying assessing and managing the risk options through our strategically developed risk lens
mdash Valuable Accelerators and Differentiators including key transformation accelerators that have been developed and refined over multiple core system transformation engagements
How KPMG can help
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
5Core System Transformation
Representative Current State Core System Transformation Visualization
Customers are becoming increasingly demanding in the products and services that they require from their banking partners Core system transformation initiatives to remediate antiquated infrastructure and upgrades to flexible and configurable core platforms are becoming increasingly important in order to respond to increased client demands and the ever-changing external and regulatory environment
Retail and Commercial Banks are investing more heavily in Core Platform replacement and modernized
capabilities to help alleviate numerous pain points within their organizations such as
mdash Lack of channel standardization
mdash Excess people processes leading to human error
mdash Demand for real-time balance and payment statuses
mdash Lack of support for real-time payment clearing networks
The current state environment
6Core System Transformation
Representative Core System Transformation Target Operating Model
The target state environmentThrough transformation of an organizationrsquos core platforms many of the pain points experienced with legacy systems are alleviated Target state benefits include but are not limited to
mdash Increase speed to adapt to regulatory and industry change
mdash Faster speed to market for product rollout
mdash Ability to scale to new volume
mdash More consist client experience with cohesive systems
7Core System Transformation
Based on our vast experience assisting some of the largest global financial institutions in their core system transformation journeys KPMG understands the efforts and challenges that our clients are currently facing KPMG has the scale global reach industry insight and multidisciplinary range of services to help your Institution make informed business decisions and better realize long-term value as you begin your transformation journey
KPMGrsquos Operations Risk practice can help you in your transformation endeavors through leveraging our two main areas of support
mdash Core Banking Assessment ndash 10-12 week Target Operating Model development
mdash Implementation Support
In order to achieve cross-functional capabilities that deliver results our team leverages the following differentiators to assist your organization across each of these areas of support
mdash Core System Transformation insights including deep knowledge of business technology and operations expectations and how to work with cross-functional teams
mdash Deep domain knowledge including deep subject matter expertise in the payments deposits and credit industries as well as extensive experience in conducting end-to-end vendor assessments for both Core Banking and Payments Platforms on a US and global scale
mdash Global Experiences including Target Operating Model and Implementation support conducted not only in the US but also in global jurisdictions
mdash Risk Mitigation including the ability to mitigate andor minimize risk by identifying assessing and managing the risk options through our strategically developed risk lens
mdash Valuable Accelerators and Differentiators including key transformation accelerators that have been developed and refined over multiple core system transformation engagements
How KPMG can help
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
6Core System Transformation
Representative Core System Transformation Target Operating Model
The target state environmentThrough transformation of an organizationrsquos core platforms many of the pain points experienced with legacy systems are alleviated Target state benefits include but are not limited to
mdash Increase speed to adapt to regulatory and industry change
mdash Faster speed to market for product rollout
mdash Ability to scale to new volume
mdash More consist client experience with cohesive systems
7Core System Transformation
Based on our vast experience assisting some of the largest global financial institutions in their core system transformation journeys KPMG understands the efforts and challenges that our clients are currently facing KPMG has the scale global reach industry insight and multidisciplinary range of services to help your Institution make informed business decisions and better realize long-term value as you begin your transformation journey
KPMGrsquos Operations Risk practice can help you in your transformation endeavors through leveraging our two main areas of support
mdash Core Banking Assessment ndash 10-12 week Target Operating Model development
mdash Implementation Support
In order to achieve cross-functional capabilities that deliver results our team leverages the following differentiators to assist your organization across each of these areas of support
mdash Core System Transformation insights including deep knowledge of business technology and operations expectations and how to work with cross-functional teams
mdash Deep domain knowledge including deep subject matter expertise in the payments deposits and credit industries as well as extensive experience in conducting end-to-end vendor assessments for both Core Banking and Payments Platforms on a US and global scale
mdash Global Experiences including Target Operating Model and Implementation support conducted not only in the US but also in global jurisdictions
mdash Risk Mitigation including the ability to mitigate andor minimize risk by identifying assessing and managing the risk options through our strategically developed risk lens
mdash Valuable Accelerators and Differentiators including key transformation accelerators that have been developed and refined over multiple core system transformation engagements
How KPMG can help
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
7Core System Transformation
Based on our vast experience assisting some of the largest global financial institutions in their core system transformation journeys KPMG understands the efforts and challenges that our clients are currently facing KPMG has the scale global reach industry insight and multidisciplinary range of services to help your Institution make informed business decisions and better realize long-term value as you begin your transformation journey
KPMGrsquos Operations Risk practice can help you in your transformation endeavors through leveraging our two main areas of support
mdash Core Banking Assessment ndash 10-12 week Target Operating Model development
mdash Implementation Support
In order to achieve cross-functional capabilities that deliver results our team leverages the following differentiators to assist your organization across each of these areas of support
mdash Core System Transformation insights including deep knowledge of business technology and operations expectations and how to work with cross-functional teams
mdash Deep domain knowledge including deep subject matter expertise in the payments deposits and credit industries as well as extensive experience in conducting end-to-end vendor assessments for both Core Banking and Payments Platforms on a US and global scale
mdash Global Experiences including Target Operating Model and Implementation support conducted not only in the US but also in global jurisdictions
mdash Risk Mitigation including the ability to mitigate andor minimize risk by identifying assessing and managing the risk options through our strategically developed risk lens
mdash Valuable Accelerators and Differentiators including key transformation accelerators that have been developed and refined over multiple core system transformation engagements
How KPMG can help
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavor to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation
copy 2017 KPMG LLP a Delaware limited liability partnership and the US member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved Printed in the USA The KPMG name and logo are registered trademarks or trademarks of KPMG International NDPPS 619942
Contact usChris HadornPrincipal Banking amp Capital Markets 404-276-8885chrishadornkpmgcom
Courtney TrimbleManaging Director Banking amp Capital Markets 404-386-7085chtrimblekpmgcom
kpmgcomsocialmedia
