The core systems of any bank or financial institution were written in 80s on the latest and greatest technology stacks of those times. With passing decades, these systems have become gigantic and very complex but remained on the same technology stack. With every passing year, they are only becoming larger and more complex and hence more difficult, more expensive and more time consuming to change or replace. New business models and customer journeys cannot be complete without these core
systems but get constrained by the cost and time it takes to modify them or add new features to them. This creates a trap. In this session, Ketan, based on his successful experience at HSBC, will share his thoughts on creating and implementing a multi-pronged strategy for Banks and FIs to get out of the Legacy Trap.
former CIO & Global Head for IT Strategy & Transformation