Core banking systems within most major financial organisations are legacy systems that bring with them difficult and sometimes inefficient processes, and are a source of frustration for many executives.
The cost of developing and maintaining these core banking systems has escalated dramatically as they become more antiquated, running to hundreds of millions of euros for larger institutions.
Future Banking explores the true benefits of this type of investment, and how as much as half of the overall savings are generated not by reductions in IT costs but rather through improvements in back-office efficiency.
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