1、IBM Institute for Business Value|Research InsightsThe 94%core banking problemWhat derails modernization and actionable insights from CIOsHow IBM can help Modern financial institutions demand modularity,security,openness,AI-driven capabilities,and collaboration on a hybrid cloud.At IBM,we empower you

2、 to elevate customer experiences,modernize core banking infrastructures,pioneer innovative payment solutions,and transform enterprise risk management.Learn more at How BIAN can helpFinancial institutions use BIAN as a starting point to help define and organize their IT software and services needs in

3、 a standard,rationalized way around the BIAN service landscape.This in turn increases an organizations agility to deliver the needs of its customers.BIAN provides an industry model for creating an architectural framework that makes integration of software and services capabilities easier and faster

4、through a standard set of definitions.The model is supported by 250 pre-defined APIs.Learn more at bian.orgContents Foreword 1Part one 3 CEOs steer financial performance through tough terrain Part two 7 The CIOs glass is half full Part three 17 Strategic modernization extends beyond technology place

5、ment Part four 23 Scaling AI enterprise-wide Action guide 28The 94%core banking problem 1Foreword Over the last decade,banks poured substantial resources into cloud-native core banking modernization,envisioning a future of seamless digital excellence.Yet,our research paints a sobering picture:Core m

6、odernizations remain mired in pitfalls,from cost overruns and delays to underwhelming returns on investments.Strikingly,in our examination of desired business benefitsranging from operational efficiency to enriched customer experiencesless than half of banking CIOs reported meaningful gains.From the