.jpg){kind=avatar}
Global banking giants are struggling to keep their aging platforms with multiple layers of legacy code from crashing. Challenger banks are taking notice and seizing the opportunity. "For the next five years - and we're talking globally - every incumbent banking player who's been around for a while will have an increased risk of outages," says Accenture.
"For the next five years - and we're talking globally - every incumbent banking player who's been around for a while will have an increased risk of outages," says Julian Skan, managing director of financial services at consultancy Accenture. Legacy issue The problem is that the old mainframe computers - the workhorses of the global banking industry - have been chugging away keeping tabs on all our transactions for decades now. They're slow and reliable. But the world has changed. We've gone mobile and online. We expect real-time transactions and access to financial services around the clock.
unknownx500
