Insights 10/26/2023
Adapting for Success: The Challenges of Legacy Systems in Financial Institutions
A sizable portion of the nation’s economy—$5.4 trillion, to be exact—is driven by financial service providers. Even financial giants face challenges from legacy financial systems powered by outdated technology, affecting community credit unions and multinational conglomerates. Born in a bygone era of technology, legacy financial systems are riddled with operational inefficiencies, security vulnerabilities, and limited...