- Digital banking development platform Plumery launched its DBP Rescue Plan this week to help banks and other financial institutions migrate away from banking platforms that no longer serve their needs.
- The offering includes a specialist migration team, migration tooling and playbooks, as well as a Proof of Migration framework that allows institutions to test the migration before committing to it.
- Headquartered in Amsterdam, Plumery made its Finovate debut at FinovateEurope 2025 in London.
Digital banking development platform Plumery unveiled its DBP Rescue Plan this week. The new offering is an international program designed to help banks and other financial institutions transition away from digital banking platforms that no longer serve their needs.
Plumery’s DBP Rescue Plan removes the primary barriers to migration, providing financial institutions with a defined path away from their current platform that doesn’t require them to take on the full risk and expense of switching platforms. Plumery is making the offering available to 10 financial institutions on a first-come, first-served basis. Participating banks will receive a specialist migration team, migration tooling and playbooks, as well as a Proof of Migration framework that enables them to test the migration against their own systems and environment before committing to the program.
Plumery notes that after the transition, banks and other financial institutions will be able to move beyond vendor dependency and create new products and services with greater flexibility and speed. This will ultimately give development teams more control over the kind of digital banking experiences they can provide to customers. Plumery aims to complete all ten migrations within 12 months.
The DBP Rescue Plan arrives at a time when a growing share of bank IT budgets are being dedicated toward maintaining technical debt. Banking trends research from Accenture noted that in 2026, 70% of bank IT budgets were devoted to these costs. At the same time, software costs have outpaced banking revenue growth, growing by 8% annually since 2017. In this context, in some cases, upgrading an existing platform can be more expensive than building a new platform from scratch. This problem is all the more acute when the bank believes that their current platform is no longer meeting their needs.
“Too many financial institutions stay with digital banking platforms that are no longer working for them because leaving feels riskier than staying,” Plumery CEO Ben Gold said. “The DBP Rescue Plan is designed to remove some of that risk. By combining migration expertise, proven tooling, and a commercial model that removes software licensing costs for up to two years during the transition, we’re giving (financial) institutions a practical way to move forward and take back control over their digital future. Now the real risk is staying.”
Founded in 2016, Plumery made its Finovate debut at FinovateEurope 2025 in London. The company helps banks and other financial institutions modernize their tech stacks and assemble new digital and AI-native banking experiences for their customers.
Photo by Javier M. on Unsplash
