SunTec has introduced Xelerate Digital Core, a new low-risk approach for banks to expedite digital transformation.

The new solution enables ‘hollowing out customer engagement functions’ from the core system. These functions are managed as a horizontal cross-enterprise layer.

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Accordingly, it eliminates the need to replace the complete legacy core systems.

SunTec noted that the process will enable banks to adopt new technologies and functionalities. Furthermore, it will support the development of customised products to improve customer experience.

SunTec CEO Nanda Kumar said: “Our goal is to help banks to de-link their digital transformation aspirations from the state of their legacy systems.

“Xelerate equips banks with the agility and flexibility required to make their Digital Transformation plans a success.

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“It allows banks to bring together different facets of technologies to create new customer experience”.

He added that the approach involves minimising risk and leveraging existing infrastructure to better customer experience.

SunTec also partnered with Capgemini to introduce personalised customer engagement solutions with Xelerate Digital Core.

Capgemini Financial Services CEO Anirban Bose said: “SunTec is an important part of our evolving partner ecosystem as we seek to offer the most powerful and relevant offerings to meet the needs of our global client base.

“Xelerate can be wrapped around legacy or modern infrastructures and enables banks to create customized lifestyle-based propositions, which is a key imperative for many of our banking clients as they seek to digitally transform.”