Progressive modernization: a tech leader’s blueprint for future-proofing banks
Modern technology has provided a huge competitive advantage in the banking industry, driving financial institutions to new heights of customer engagement and employee productivity. But unfortunately, few CTOs and CIOs are able to fully optimize their systems due to tech debt, among other things, otherwise known as the tax you pay when you opt for short-term fixes.
The good news is that, for the first time in a decade, senior execs are putting technology ahead of profitability, presenting tech leaders like you with a unique opportunity to upgrade your legacy systems. But where do you start?
In this guide, you’ll explore the pros and cons of three approaches for hollowing out your core: a big bang replacement, the greenfield approach, and a progressive modernization.