The Challenges of Next-Gen Banking Modernization (Part Two)

Webinar Details

In this webinar, Crossvale and Red Hat present a robust modernization solution designed to help mid-sized banks compete with larger institutions and fintechs through digital transformation. The Next Gen Banking Platform, built on Red Hat OpenShift, offers pre-built microservices, integration accelerators, and customizable components to enable seamless digital experiences, automation, and AI-readiness.

Speakers from Crossvale, including CEO Todd Mard and CTO Jose Alonso, explain the platform’s flexible architecture, tailored for banks undergoing core transformation, M&A, or new channel development. Unlike rigid COTS solutions, the platform allows gradual modernization — starting small (e.g., adding new channels or integrating a new system of record) and scaling as business needs evolve.

The session emphasizes how the platform bridges legacy systems and modern digital channels using microservices, APIs, orchestration, and reusable components, while offering 24/7 support, dynamic tuning, and data pipelines to support advanced analytics and AI. Crossvale’s managed service ensures rapid deployment, operational confidence, and reduced risk, all while avoiding vendor lock-in.

The webinar concludes with real-world examples, audience Q&A, and an invitation to explore collaborative discovery workshops with the Crossvale team.

Key Takeaways

1. Modernization Drivers

  • Customer expectations for digital experiences are increasing rapidly.

  • Fintech disruption, compliance demands, and cost pressures are forcing banks to evolve quickly.

  • Mid-sized banks need enterprise-grade tools without the overhead of massive internal development.

2. Flexible, Modular Platform

  • The solution offers pre-built accelerators (e.g., APIs, orchestrators, bridges) that can be deployed immediately.

  • Built on OpenShift, it supports hybrid, cloud, or on-prem deployment with minimal integration friction.

  • Customization is possible at the data model, infrastructure, dashboard, and process levels.

3. Target Use Cases

  • Core modernization and M&A integration

  • New channel rollout (e.g., digital onboarding)

  • Monolith decomposition into microservices

  • Fraud prevention, chargeback automation, and customer service enhancements

4. Architectural Highlights

  • Bridge-layer integration to core banking systems (FIS, TCS, Temenos, etc.)

  • API-first, microservices-driven design

  • Runs on secure, scalable OpenShift infrastructure with full DevOps/GitOps support

  • Data streams and data lakes support advanced analytics and AI/ML enablement

5. Operational & Strategic Benefits

  • Faster time-to-value: from 9 months to 1 month for platform confidence

  • No vendor lock-in: clients own all platform IP and components

  • Proven in production: deployed in multiple banks globally

  • Cost-efficient delivery: priced for mid-market with a blend of prebuilt assets and flexible support

  • 24/7 operations and dynamic tuning included with Crossvale managed services

6. AI and Data Science Enablement

  • AI-ready with OpenShift-native tools (TensorFlow, Spark, Jupyter, etc.)

  • Pre-integrated with data pipelines and data lakes

  • Platform supports model execution and continuous data ingestion

Contents

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