Modernizing Data in the Financial Application Ecosystem

How API Integration Empowers Legacy Technology

In 2018, financial companies spent $175 billion on maintaining legacy systems


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As the application ecosystem continues to expand, financial service organizations and FinTechs have become increasingly bogged down by legacy systems.

With the proliferation of new technologies; the prominent need to share data across applications and organizations; and ever-increasing competition in the financial landscape, the message is clear: integrate or die.

But how do you even go about transitioning to a new platform? And why is it so important?

In this whitepaper, we’ll explore: 

  • The cost of not upgrading legacy systems
  • What’s preventing companies from legacy modernization 
  • How data virtualization and one-to-many integrations can streamline processes and make your customers happy
  • Why Open Banking necessitates a shift away from legacy systems

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