https://fintechzoomofficial.com/modernization-is-imperative-why-financial-services-cannot-afford-legacy-inertia-author-by-sergiy-fitsak/
The financial services sector has reached a turning point, and it is imperative to transform traditional systems from strategic advantages to business. Institutions operating on decades-old infrastructure are facing pressures from regulatory evolution, disruptions in competition and customers’ expectations of customers that are simply not able to meet traditional architectures. Although modernization poses inherent risks