IT is no longer only the steward of middle- and back-office functions, but a critical business partner to growth. In this first part of a three-part whitepaper series, we’ll explore the the first of three key challenges that financial institutions’ IT functions must address: legacy modernization. We’ll discuss how to bring legacy systems into the 21st century. At the core of this challenge is the need for a new level of connectivity. To thrive in this era, financial services organizations must seamlessly integrate applications, data and devices and it is those organizations that are able to embrace these challenges - those “connected financial institutions” - that will win.
In this whitepaper we'll cover:
- Modernizing Aging Back Office Systems
- The Need to Improve Operational Effectiveness
- The Rise of Open Source Software
- Common Approaches for Legacy Modernization