GlobalLogic and Matera Announce Global Partnership to Accelerate Core Banking Modernization

This strategic partnership leverages Matera’s Digital Twin to enhance, not replace, core banking systems for 24/7 real-time financial services

Santa Clara, Calif., June 30, 2025 – GlobalLogic, a Hitachi Group Company and leader in Digital Engineering, and Matera, a leading provider of modern banking technology solutions, today announced a strategic partnership to deliver next-generation banking solutions powered by Matera’s Digital Twin software solution. 

As financial institutions continue to modernize, over 55% of banks still say the main challenges they are facing stem from the limitations of their existing Core solutions, according to a 2024 report from IBS Intelligence. With GlobalLogic’s 15+ years of experience in software product development and engineering for financial services, this collaboration offers the opportunity for financial institutions to accelerate Core system modernization by giving them a cost-effective way to support instant payments and real-time digital banking without the expense and disruption of a core replacement.

GlobalLogic has deep expertise and proven experience in design-led, data-informed digital engineering. Through this partnership, GlobalLogic will pair Matera’s Digital Twin with its advanced digital UX/UI design, software engineering, and implementation expertise to bring a faster, more cost-effective approach to real-time banking.

Digital Twin: Core Modernization Without Replacement

Matera’s Digital Twin works alongside Core banking systems, instead of replacing them, authorizing transactions and updating balances 24/7 – whether the Core system is up or down.

Digital Twin gives banking customers real-time account updates for on-demand transactions while enabling financial institutions to launch real-time payment services without overhauling their Core. It guarantees resiliency by handling transaction authorizations and balance updates, shielding customers from outages. During M&A, Digital Twin supports Core migrations with early testing and smoother transitions. Additionally, structured, real-time data from Digital Twin supports advanced AI models for fraud detection, predictive analytics, and personalized customer experiences.

Accelerating Innovation with GlobalLogic’s Digital Expertise

With engineering capabilities spanning 25 countries and 200+ digital products launched for financial services and insurance organizations already, GlobalLogic brings world-class digital product design, engineering, and data delivery services.  Together, GlobalLogic and Matera are engineering impact by helping financial institutions: 

• Rapidly integrate Digital Twin 
• Optimize digital UX/UI for seamless banking experiences
• Achieve faster time-to-market for new financial products
• Enable real-time payments with simplified, real-life use cases

“At GlobalLogic, we specialize in building cutting-edge digital solutions that empower financial institutions to innovate rapidly,” said Mike Connors, SVP and Industry Leader, Financial Services and Consumer, Americas at GlobalLogic. “We’re excited to partner with Matera to enable banks and credit unions to embrace real-time banking and Open Finance without the disruption of replacing their legacy Cores.”

Positive Customer Impact

Banks and fintechs in Brazil have already been transformed by Digital Twin’s capabilities. Digital Twin is able to process volumes much faster than legacy technology and efficiently scale to meet peak demands as experienced during high-traffic events like Black Friday. 

“With instant payments and digital banking now the norm, banks need modern infrastructure that keeps up with customer expectations,” said Carlos Netto, CEO & Co-Founder of Matera. “Our partnership with GlobalLogic ensures that financial institutions can integrate Digital Twin quickly and efficiently—delivering 24/7 real-time banking at a fraction of the cost of a Core migration.”

About GlobalLogic
GlobalLogic, a Hitachi Group Company, is a trusted digital engineering partner to the world’s largest and most forward-thinking companies. Since 2000, we’ve been at the forefront of the digital revolution – helping create some of the most innovative and widely used digital products and experiences. Today, we continue to collaborate with clients in transforming businesses and redefining industries through intelligent products, platforms, and services. 

GlobalLogic Media Contact:
Allison Lucas
Corporate Communications, GlobalLogic
allison.lucas@globallogic.com

About Matera

Matera is a pioneer in modern technology, powering banks and credit unions with cutting-edge solutions for Core Banking, Instant Payments, and QR Code Payments. With over 30 years of expertise and a team of 1,000+ professionals, Matera is the trusted partner behind some of the world’s largest financial institutions. Two of the top three global banks, three of the top 10 U.S. banks, and one-third of all banks in Brazil rely on Matera’s technology. Operating across Brazil and North America, Matera is redefining the future of digital finance. To learn more, visit: www.matera.com.

Matera Media Contact:
Mary York
York Public Relations
Mary@yorkpublicrelations.com