legacy systems

How to Protect Your Bank During Payments Technology Replacement

In a rapidly changing market, the financial and skills challenges connected with maintaining outdated legacy payments technology are escalating. The painful truth for many financial institutions is that replacement may be the only viable long-term option to future-proof their businesses, comply with regulation and remain competitive. Viewing the replacement of a legacy system with trepidation…

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Can your current payments technology be future-proofed?

For banks and FIs ready to upgrade their payments platforms to maintain pace with customer demand, it can appear that ‘rip and replace’ is the only option. Of course, full system replacement has its benefits; an ‘off the shelf’ solution will typically be better supported, better suited to future innovation and easier to implement as…

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Is there a way out of the legacy systems trap?

They have been the mainstay of payments systems around the world over the last three decades. Today, however, financial institutions (FIs) we talk to are telling us that their legacy payments systems such as BASE24 Classic can no longer support their plans for the future. Facing uncertain upgrade paths, they are confronted with difficult choices…

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