What are the challenges in managing complex banking application landscapes?
Banks operate hundreds, if not thousands, of applications across core banking, payments, lending, digital channels, risk, compliance and support functions. Many of these applications are legacy-heavy overlap with one another, leading to the bank’s ecosystem to become fragmented, redundant an expensive to maintain.
Applications are further complicated through regulatory changes, product expansions, M&As and legacy technology limitations. Each area, or the combination of several, can lead to slower innovation, rising maintenance and infrastructure costs, technical debt and overlapping application accompanied by limited visibility.
Modern banks need a smarter, faster, and governed approach to simplify their technology ecosystem. That’s where Applied AI makes the difference.
Introducing Maveric’s Application Rationalization & Modernization
Maveric’s AI-driven Application Rationalization & Modernization solution follows an intelligent end-to-end methodology designed to discover, optimize, and modernize complex banking technology landscapes.
By combining Maveric’s deep banking domain expertise since 2000 with AI, the solution aids banks in preparing their budget-heavy and legacy application ecosystems for an AI-first banking world.
How does the solution work? –
AI-led Discovery
Automatically classifies applications, predicts interdependencies, and analyses utilization patterns to define a data-driven target state architecture.
Smart Rationalization
AI-powered simulators recommend retire, retain, rehost, refactor paths using the industry-recognized 7R framework, ensuring outcome-driven decisions.
Automated Refactoring
AI-assisted code migration, and validation accelerate modernization while reducing manual errors and risk.
Continuous Optimization
Predictive analytics monitor portfolio health and sustainability.
What are the benefits for banks?
25%–30%
portfolio reduction through AI-driven rationalization insights
40%–50%
faster modernization and decision cycles
60%-70%
reduction in technical debt and maintenance overheads
Enterprise Scalability
Enhanced compliance and resilience through automated validation
The Maveric Edge
Leverage Maveric’s contextualization depth, extensive domain competencies, and over two decades of multi-geography award-winning commitment.
Contextualized Solutions
An innate ability to bring together domain, platform, and technology expertise to craft contextual solutions to support transformation programs.
Impactful Delivery Model
A customer centric model geared for high delivery impact.
New Service Line Development
Proven ability to develop and scale new service lines aligned to customer growth areas.
Differentiated Engagement
Technical engagement led customer value creation.
