Over the past 4 years, I’ve had the privilege of working closely with banks across Africa, GCC, UK and South America on large-scale core banking upgrades and digital transformation programs. These initiatives are never just about replacing technology — they reshape how a bank serves its customers, manages risk, and ensures compliance.
From this journey, a few lessons consistently stand out:
1️⃣ Clarity of scope is everything
The most successful projects are those where business, compliance, and technology objectives are aligned from the start.
Banks that invest time upfront in defining their operating model, regulatory obligations, and customer experience goals tend to avoid costly delays later.
2️⃣ Integration makes or breaks success
A core banking system doesn’t exist in isolation. It must integrate seamlessly with payments, treasury, regulatory reporting, and customer channels.
Open APIs, ISO 20022 readiness, and real-time data exchange are no longer “nice to have” — they are essential to competitiveness.
3️⃣ Shariah compliance drives differentiation
For Islamic banks, embedding Shariah governance frameworks within digital platforms isn’t just about meeting regulatory expectations.
It ensures product authenticity (Murabaha, Musharaka, Sukuk, etc.), builds customer trust, and increasingly becomes a competitive edge in markets with dual banking systems.
4️⃣ Change management matters as much as technology
Even the best solution can fail if staff aren’t trained, processes aren’t redesigned, and leadership isn’t fully aligned.
Transformation requires a cultural shift across the institution, not just an IT upgrade.
Each project reinforces a simple truth: digital transformation in banking is about building future-ready ecosystems — not just modernizing systems.
#DigitalTransformation #IslamicBanking #Fintech #CoreBanking #ShariahCompliance #FinancialInclusion #iMAL #Azentio
Fintech | Payment Systems | E-Money | Banking as a Services-BaaS | POS Product | Ex-GarantiBBVA| Ex-Worldline | Ex-Hepsipay
1moTebrikler! 🎉