In the dynamic banking industry, traditional banks are facing increased competition from neo-banks and fintech companies offering innovative and efficient services. Legacy banking systems are falling short in areas like high costs, slow time to market, limited personalization, and limited ecosystems. To tackle these challenges, banks have two options - either replace their existing core system with a new technology stack or re-engineer and transform it.
– Pradeep TY, Manish Jain, Sumit Kumar Saha
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