Banks that adopt new core banking solutions with event-based architecture (EBA) in today’s data-driven world will gain a distinct advantage over banks that don’t.
Events pertain to a change in state or an action taken within a system, Beatty said. A time-ordered sequence of events forms an event stream.
“Core banking solutions with event-based architecture and event streaming in the technology stack enable banks to deliver digital experiences tailored to customers’ interactions (events) as they occur. This translates into an immediate ability to elevate the Customer Experience and service each individual customer in an impactful way. ”
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