FSICOST18: Do you have specific workload modernization or refactoring goals in your cloud strategy?

In traditional financial institutions, databases and core banking solutions are key cost drivers. Improve your total cost of ownership (TCO) by refactoring your lift and shift strategies to continue your modernization activities where you can improve performance while reducing your costs.

FSICOST18-BP01 Define ambitious modernization strategy to become truly AWS optimized

In traditional financial institutions databases and core banking solutions are key cost drivers. Improve your Total Cost of Ownership (TCO) by refactoring your lift and shift strategies to continue your modernization activities where you can improve performance while reducing your costs.

The Operational Excellence pillar helps you define which workloads are suitable for refactoring. In the case of core banking systems provided by a vendor, start a dialog with your vendor to build a roadmap for workload modernization to make them cost-efficient. Also concentrate

on modernization of workloads that interact with databases and core banking systems (for example, customer-facing web-pages, and apps). Leverage the AWS service WorkSpaces for remote diagnostics.

Modernize

Replace brittle prompt chains with retrieval-augmented generation (RAG) and tool-augmented agent frameworks where doing so reduces total cost per task and improves maintainability.

Retire redundant or shadow knowledge bases accumulated across business units by consolidating them under centralized governance, providing consistent cost control, data lineage, and compliance.

Incorporate model lifecycle management into modernization plans. Deprecate outdated fine-tuned models, transition low-ROI use cases to smaller model tiers, and adopt managed generative AI orchestration (for example, Bedrock Agents) to reduce operational burden over time.