The Road to Renewal: Modernizing Aging Core Systems at Financial Institutions | Protiviti - United States

The Road to Renewal: Modernizing Aging Core Systems at Financial Institutions

Protiviti Whitepaper

The Road to Renewal: Modernizing Aging Core Systems at Financial Institutions

At their core, financial services industry (FSI) companies are technology businesses. Every product and service they offer is technology-enabled, and the rapid evolution of mobile banking and digitization of processing in general makes technology even more critical. At the core of these technology businesses, however, sits a long-standing, and growing, problem: outdated information systems. Layer upon layer of aging information technology (IT) systems, including mainframe computers dating back to 1960s, pose significant problems - excessive maintenance costs, process and decision-making friction, degraded business agility and more - that can easily degenerate into strategic risks.

 

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