Modernising a bank is not easy and most of the difficulties come down to legacy systems. Banks need to adopt new digital core banking platforms, but what’s blocking adoption are the worries that come with transferring data from a legacy system to a new digital one. The two main worries any bank has when looking to modernise systems are:
- Will it work successfully?
- Am I going to lose data?
However, most banks don’t find out these answers until it is too late.