Are Banks Tiptoeing to the Cloud or Tripped up by Technical Bottlenecks?
This NYT article suggests that the large banks are tiptoeing to the cloud, but the reality is that most are ...
Tag: Legacy Systems
Understand the challenges and opportunities of legacy systems in payments and banking, focusing on modernization efforts to enhance efficiency, security, and innovation.
Updating Legacy Payments Systems Starts with Embracing a Phased Approach
In recent years, consumers have increasingly clamored for a more convenient payment experience. And the past 18 months, COVID-19 created ...
Financial Institutions Look to Enterprise Payments Platform from Fiserv to Consolidate Legacy Payment Systems
Financial institutions are under growing pressure to adapt to a rapidly changing market and operate efficiently. The cost and complexity ...
Blockchain Is the Key to Reining in the Financial System’s Infrastructure Costs
It’s time for financial institutions to start thinking about their IT costs in a different light. Legacy systems, built on ...
Digital Banking Services Empower Banks to Compete Successfully with Fintech Disruptors
In his annual shareholder letter released on April 7, 2021, JP Morgan Chase CEO Jamie Dimon listed fintechs as “enormous ...
4 Cobol Misconceptions and My #5
This article in Forbes identifies four misconceptions that have harmed Cobol’s reputation but also continues the misconception that Cobol is ...
US Banks Rely on Fintech Firms to Overcome Legacy Systems
Legacy systems are preventing nearly two thirds (64%) of US commercial banks from developing Fintech applications, research commissioned by Fintech ...
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