The February 2023 Aite-Novarica Group report discusses how growing competition and demand for personalized, seamless experiences are accelerating innovation in financial services. Younger generations’ openness to new technology and embedded finance is driving change, but modernization is complex as products and channels diversify. While core replacement is often seen as a path to innovation, it is costly, disruptive, and not a complete solution. A fintech enablement strategy using composable, wrap-around architecture between core and engagement layers offers a scalable way for financial institutions to innovate, modernize infrastructure, and meet evolving customer expectations.

Join for free to read