Recent research from McKinsey & Co has highlighted the tech spending trap for banks[1].
Currently, banks spend up to 70 cents in every dollar maintaining legacy systems, meaning they are bound to continue the current pattern of poor efficiency, low levels of innovation and no overall understanding of how their system performs.
A new white paper from RS2 says AI-enabled systems orchestration is the answer – download the white paper now for more:
How to solve banks’ legacy system challenges while controlling risk
[1] McKinsey & Co, 2 December 2024: “AI for IT modernization”
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