ATLANTA, June 3, 2025– VSoft Corporation, a global leader in providing information and technology solutions for financial institutions, has published its newest whitepaper, “From Legacy to Leading: How AI-Ready Core Systems Give Banks an Edge.” This comprehensive resource explores how AI is transforming banking and why modernizing legacy core systems is crucial for financial institutions looking to leverage AI technology effectively.
By 2030, AI could add up to $1 trillion in extra value for banks worldwide, according to McKinsey & Company. The whitepaper details how outdated core systems—which often rely on batch processing, lack open APIs, and require manual workarounds—prevent banks from fully capitalizing on AI’s potential for hyper-personalization, fraud detection, and operational efficiency.
“Simply put, AI’s potential is wasted on a core that isn’t built to support it,” said Abhishek Veeraghanta, President of VSoft. “Many banks are still stuck with legacy core systems that are 40+ years old and weren’t built for AI. These systems can’t handle real-time data processing, which is essential for AI-driven real-time fraud detection and personalized financial recommendations. Our research shows that an API-first architecture, real-time data access, and flexible business rules are fundamental requirements for AI enablement in banking.”
The whitepaper outlines key AI-driven innovations transforming financial services, including:
- Hyper-Personalization: AI analyzing transaction patterns and spending behaviors in real time to recommend the right products at the right time
- Fraud Detection and Risk Assessment: AI-powered fraud detection reducing fraud losses by up to 50% through real-time transaction monitoring
- Intelligent Automation: AI-driven chatbots and virtual assistants cutting operational costs by 30% while improving customer service
VSoft’s cloud-ready core platform, Wings, delivers the modern architecture financial institutions need to remain competitive in an AI-driven future. The platform features API-first design for seamless integration, real-time processing capabilities, and flexible business rules—all essential components for successful AI implementation.
To download the full whitepaper, visit From Legacy to Leading: How AI-Ready Core Systems Give Banks an Edge.
About VSoft Corporation
VSoft Corporation delivers cutting-edge core and digital banking solutions tailored for the modern financial services industry. Built with an API-first approach, VSoft’s platforms empower financial institutions to integrate seamlessly with complex business systems and adopt next-generation technologies. Designed for real-time processing and scalability, VSoft’s solutions are underpinned by a technology stack that is decades newer than those of legacy providers, offering unmatched efficiency and performance. With robust integration capabilities and a commitment to innovation, VSoft supports financial institutions worldwide in delivering seamless, high-volume, and high-performance transactions across multiple channels. For more information, visit www.vsoftcorp.com.
