Savana Releases the LEAP White Paper “A Blueprint for Legacy Core Technology Transformation in Financial Services”

Share Article

Written by industry veteran Michael Sanchez, the LEAP white paper is the first comprehensive case and blueprint for legacy technology transformation in financial services

Michael Sanchez

Savana Founder and CEO, Michael Sanchez

Banks need to find a way to transform their technology in manageable, value-added steps that lower the risk and increase success rates. Changing the core becomes a small, manageable step in the process, and that’s what LEAP is all about.”

Michael Sanchez, Chairman and CEO of Savana, Inc., today released a white paper for the financial services industry and related stakeholders entitled: “LEAP - A Blueprint for Legacy Core Technology Transformation in Financial Services” offering a comprehensive case for change in the banking industry. For the first time this paper presents a detailed process for transforming outdated legacy technology components while minimizing risk and not disrupting operations. 

The white paper examines the current challenges banks face with their legacy technology, and why change is vital to their business. It offers a practical solution called LEAP (Legacy Encapsulation Abstraction Process) that allows banks to de-risk legacy transformation.

“Historically, Banks have a really bad track record trying to change their core systems of record. 75% of projects fail by being cancelled, de-scoped or not meeting intended business outcomes. Banks need to find a way to transform their technology in manageable, value-added steps that lower the risk and increase success rates. Changing the core becomes a small, manageable step in the process, and that’s what LEAP is all about,” said Sanchez, a Fintech industry pioneer who founded Sanchez Computer Associates, and whose PROFILE banking system (now owned by FIS Global) is still in use in over 40 countries and is the predominant system for Internet and Direct banks in the United States.

The white paper can be downloaded for free at:
http://www.savanainc.com/white-paper

About Savana
Savana, Inc., headquartered in Malvern, Pennsylvania, is a software company focused on delivering advanced automation solutions to the mortgage, retail banking and payments industries. Since its’ founding in 2009, Savana has delivered mission critical applications to some of the largest financial institutions and FinTech resellers in the United States.

Contact: Mario Garcia
Savana, Inc.
mgarcia@savanainc.com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mario Garcia
Savana Inc
+1 813-789-9812
Email >
Visit website