**Breaking: Temenos CTO Advocates Gradual Core Banking Modernisation Strategy**
Temenos Chief Technology Officer Rohit Chauhan has outlined a significant shift in banking technology strategy at the Temenos Community Forum, arguing that core system modernisation should be treated as a continuous process rather than a one-time project. Chauhan advocates for composable modular approaches over aggressive full-scale overhauls, stating this method reduces the “blast radius” when technical issues arise and helps financial institutions manage mounting technical debt more effectively.
The announcement affects banks and financial institutions globally wrestling with legacy system upgrades while maintaining operational stability. Chauhan’s framework challenges the traditional rip-and-replace mentality that has dominated fintech transformation projects, potentially reducing implementation risk and capital requirements for institutions planning system upgrades.
His emphasis on forward-looking adaptation suggests financial institutions should continuously evaluate emerging technologies rather than aim for finite modernisation endpoints.
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FXnCO Insight
** Banks planning core system upgrades should reassess vendor proposals prioritizing modular, composable architectures over monolithic replacements to minimize operational disruption and maintain upgrade flexibility.
Source: Finextra