Legacy Modernization Services for Banks

Reimagining Legacy Systems for a Digital Tomorrow

The financial services sector is rapidly modernizing its systems and adopting digital technologies. Whether your institution is exploring modernization, experimenting with coexistence models, or already on the path to a next-gen core, our approach meets you where you are, accelerates time-to-value, and de-risks your journey—helping you shift from legacy limitations to a future-ready digital foundation.

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The financial services sector is rapidly modernizing its systems and adopting digital technologies. Whether your institution is exploring modernization, experimenting with coexistence models, or already on the path to a next-gen core, our approach meets you where you are, accelerates time-to-value, and de-risks your journey—helping you shift from legacy limitations to a future-ready digital foundation.

We enable banks to modernize legacy systems through cloud-native architectures, AI-powered automation, and API-led integrations. Our solutions enhance scalability, security, and compliance, ensuring smooth digital transformation. From core banking upgrades to legacy-to-cloud migrations, we foster agility and innovation while minimizing risk and reducing costs.

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Our Services

Core System Transformation

We help banks migrate from legacy mainframes to cloud-native, real-time banking platforms. Using flexible adoption patterns, from limited to comprehensive modernization, our specialized services (e.g., Cutover as a Service, Product Implementation) and proprietary IPs help clients overcome challenges in modernizing core systems.

Mainframe Modernization

Tech Mahindra empowers banks to modernize mainframes using our advanced platform, TechM Reforge. We automate reverse engineering with AI, transitioning to modular microservices on the cloud. Our solutions boost scalability, reduce costs, and enhance agility, driving greater bank efficiency.

Cloud Transformation

Tech Mahindra helps banks design cloud-first strategies with the right blend of private, public, or hybrid cloud solutions. Our consultants guide organizations to choose between rehosting, refactoring, or re-architecting applications for improved scalability and resilience. Our IPs and platforms accelerate cloud migration while managing costs.

API

We help clients develop secure, scalable APIs using an API-first architecture and cloud-native frameworks. Our API standardization framework eases the transition to the API economy. We enable seamless integration with fintech partners and third-party ecosystems, driving innovation, API monetization, and marketplace growth for new revenue opportunities.

Consulting & Advisory

In today’s fast-evolving banking landscape, legacy systems present challenges such as scalability limitations and regulatory risks. Tech Mahindra provides strategic consulting to help banks modernize IT infrastructure, enhance digital capabilities, and future-proof operations for long-term success.

Our Platforms & Products

Tech Mahindra’s proprietary LCaaS (Legacy Code Analysis as a Service) automates end-to-end legacy code analysis, identifying key attributes such as size, complexity, I/O intensity, dependencies, and stability for effective modernization. It also highlights technical debt and supports microservices decomposition (Decomposition Automator), UI building (Form Builder), and intelligent test automation. This comprehensive platform accelerates legacy modernization and optimization, driving more efficient transformations.

The Cloud BlazeTech platform offers end-to-end cloud solutions, guiding customers through consulting, defining their cloud roadmap, setting up the platform, migration, modernization, management, operation, and optimization of their hybrid cloud environments. Unified under a single umbrella, Cloud BlazeTech combines the right mix of frameworks and industry standards to streamline enterprises’ cloud journeys, ensuring efficient orchestration and successful transformation.

The Application Modernization toolkit accelerates the journey to microservices and serverless architectures through a factory model. The toolkit supports an assessment and guidance framework incorporating best practices for modernization across various hyperscaler platforms, ensuring seamless transformation and optimized results.

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