Stessa Cohen report:
Build a low friction bank
for innovation and collaboration
Strategic technology advisor Stessa Cohen, former Research Director for Banking at Gartner Group, writes that banks must realise the foundation for innovation is a platform free from legacy friction.
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Read this paper to discover:
- Why and how financial institutions are reaching the limits of the legacy systems they installed years ago
- How reducing the friction in processes, systems, and infrastructure can create new banking capabilities able to respond to the needs of customers
- Why legacy banking platforms cannot be the base upon which banks build modern and innovative new products
- What key goals and indicators an institution can use to measure the frictionless capabilities of modern banking software
Whitepaper Overview
- Banks have invested heavily in their trusted but ageing core banking systems, leading to a reticence to see them replaced
- Institutions have instead become tempted to create modern apps, websites and interfaces to give a new face to these outdated platforms
- They should instead utilises a Low Friction Bank Framework to create a new foundation for innovative services
About Pismo
- Pismo is a technology company providing an all-in-one processing platform for banking and payments. Large banks, marketplaces, and fintechs already use our cloud-native microservices platform. Our clients are launching next-generation solutions while migrating their legacy systems onto the most advanced platform in the market.
Our cloud-based platform empowers teams to build fast and companies to launch rapidly, scaling as they grow to have a broader audience while keeping high security and availability standards.
Pismo was founded in 2016 by experienced entrepreneurs and techies. We are a global company with offices in the United States, the United Kingdom, Singapore, and Brazil. We believe we can impact people’s lives positively all over the globe through our core values and our cutting-edge solution.