Core Banking Modernization with AWS and Thoughtworks

This document is a guide that outlines the challenges faced by banks and financial services organizations due to outdated legacy systems, which hinder agility, scalability, and innovation. It details how these legacy systems lead to high operational costs and slow product delivery times, affecting the overall customer experience. The guide presents Thoughtworks' solution for modernizing these systems using AWS services. It describes an incremental approach to modernization, focusing on re-architecting applications, integrating data through APIs, and optimizing workflows with CI/CD pipelines. The document emphasizes the benefits of this solution, including reduced operational costs, enhanced customer experiences through personalized services, and faster product delivery. Additionally, it includes a case study of Nimble, a fintech company that successfully transitioned to a customer-centric model with the help of Thoughtworks and AWS, highlighting the features of cloud-native re-architecture and iterative modernization. The guide concludes with an invitation to learn more about Thoughtworks solutions on AWS.