Blog: Banking Transformation is a Binary Decision

Banks typically spend 80 percent of IT budgets maintaining mission-critical systems running on outdated technology, according to Andrew Beatty, SVP and GM, Next Generation Banking at FIS.

Andrew Beatty FISWhile these systems have served banks well, many core platforms are nearing the end of their useful life, explaining why 70 percent of banks reportedly are reviewing their core platforms.

In his latest blog post for Finextra, Beatty takes a look at the options available to banks and why doing nothing is not among them. Read the post