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Banking 2014: An Industry at a Pivot Point

“The next crisis could revolve around IT, given the value and volume of data that banks generate, the attraction of that data to cyber thieves and vandals, the complexity of banks’ IT systems, and banks’ utter reliance on those systems, […]. Banks will need to rethink their approach […to] core platform transformation. More than a few banks will find that making patches to existing IT systems will not work in trying to meet regulatory mandates […]. For them, an enterprise-wide upgrade to their core systems may be warranted. Many banks are also likely to rethink which systems should be outsourced, cosourced, and shifted to managed-service options.”

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Online banking puts pressure on old IT systems - FT.com

Online banking puts pressure on old IT systems - FT.com | Change the Bank ! | Scoop.it
Barely a month goes by without reports of another serious systems crash at one of the UK’s biggest banks. Last weekend’s three-hour outage at Lloyds Banking Group followed a high-profile failure at Royal Bank of Scotland on one of the busiest
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Banks still handicapped by IT legacy

Banks still handicapped by IT legacy | Change the Bank ! | Scoop.it
Research finds three-quarters of banks in Europe are using outdated core systems which are hindering their ability to grow
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