Solutions
Banking Modernisation Report, From Intent to Execution
New research across 150 UK and European banks on the gap between modernisation ambition and operational reality.
How can a bank modernise its financial messaging infrastructure?
A bank modernises its financial messaging infrastructure by adding a messaging hub that automates payments, treasury and securities processing and moves to ISO 20022 natively, without replacing the core banking system, so change happens in stages rather than through a single high risk migration. Aquila from Aqua Global does exactly this, sitting alongside the existing core and automating reconciliation, exception handling and settlement messaging, so a bank can modernise at a pace it can absorb.
Our research across 150 banks found the ambition is there but execution lags, with 85 percent of banking IT leaders believing automation will determine competitive outcomes, yet only 7 percent having fully automated liquidity monitoring, and one in three saying reconciliation issues take more than a day to resolve. The full findings are in the report below.
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If you’re responsible for payments, messaging, reconciliation or core banking infrastructure, this research provides a clear view of where the pressure is building and what it will take to move forward.