Plumery Launches Migration Programme to Free Banks from Legacy Platforms

Amsterdam-based digital banking platform provider Plumery has introduced its DBP Rescue Plan, an initiative aimed at helping financial institutions escape platforms that no longer meet their requirements. The company is accepting applications from ten banks on a first-come, first-served basis.

The programme provides institutions with a dedicated migration team, proprietary tooling, and tested playbooks. A Proof of Migration framework allows banks to trial the transition against their existing systems before making a full commitment, reducing the risk typically associated with platform switches.

Financial institutions selected for the rescue plan will receive comprehensive support designed to lower the barriers to migration. The package includes:

• Specialist migration team with platform transition expertise
• Migration tooling and documented playbooks
• Proof of Migration framework for pre-commitment testing
• Up to two years without software licensing costs during transition

Plumery aims to complete all ten migrations within a 12-month timeframe. Once transitioned, banks will gain greater autonomy over product development and the ability to build new digital services more rapidly.

The launch comes as banks face mounting pressure from legacy system maintenance. According to research from Accenture cited by Plumery, 70% of bank IT budgets in 2026 were allocated to managing technical debt rather than innovation.

Software costs have grown 8% annually since 2017, outpacing revenue growth at many institutions. In certain cases, upgrading an existing platform now costs more than building a replacement from scratch — a calculation that leaves banks trapped in costly, underperforming systems.

Too many financial institutions stay with digital banking platforms that are no longer working for them because leaving feels riskier than staying. The DBP Rescue Plan is designed to remove some of that risk.

Plumery CEO Ben Gold framed the initiative as a way to shift the risk calculus for trapped institutions. By combining migration expertise with a commercial model that suspends licensing fees for up to two years, the company hopes to make platform transitions more accessible.

Now the real risk is staying, Gold added.

Founded in 2016 and headquartered in Amsterdam, Plumery specialises in helping banks modernise their technology infrastructure and deploy AI-native digital banking experiences. The company made its Finovate debut at FinovateEurope 2025 in London earlier this year.