Regions Bank’s Chief Transformation Officer Paul Weiss outlined critical guidance for measuring core banking modernisation success during the Temenos Community Forum 2026. Speaking with FinextraTV, Weiss stressed that financial institutions must first establish clear reasoning behind transformation initiatives before defining key performance indicators, rather than applying generic metrics across projects.
Weiss emphasised that each bank’s modernisation journey requires a customised approach rather than following standardised frameworks. He warned that institutions must comprehensively understand their entire technology environment before beginning, enabling them to identify and proactively account for potential constraints in project timelines. This approach aims to prevent costly delays and scope creep that have plagued numerous digital transformation efforts across the banking sector.
The comments come as financial institutions globally face mounting pressure to modernise legacy core banking systems to remain competitive against digital-native challengers.
FXnCO Insight
Banks planning core modernisation projects should conduct thorough environmental assessments and establish transformation rationale before setting KPIs to avoid costly timeline overruns and misaligned success metrics.
Source: Finextra