The banking and financial sectors are at the center of a digital revolution. Emerging technologies can provide tremendous opportunities to drive growth and capture new markets, as well as introduce groundbreaking new products and services. Among the things holding banks back are old banking services. The question arises: how to innovate in an environment where core banking is often more than 15 years old? One solution may be to migrate to the cloud, but is this the only option for everyone, the holy grail for the industry, or are there other ways to innovate?

We will begin our debate with a fascinating case study of Starling Bank, which was born in the cloud and has achieved remarkable success in the UK. But is it possible to replicate this success in an existing bank? Let’s see what kind of core banking solution Starling offers in a Software-as-a-Service (SaaS) model and its potential benefits for banks in other markets.

Key talking points:

• What are the options for banks seeking innovation in customer experience and back office operations to keep up with the pace of change?
• Migrating or creating a new core banking unit? Which is easier for existing banks?
• Using off-the-shelf solutions or creating a custom product?
• How to implement any modern cloud solution while being in compliance with the outsourcing chain and other regulations?