White paper: Modernising information management systems in financial services

It is no news that digital transformation is one the hottest topic in every organisation’ strategy, and even more so since the pandemic started. Financial services organisations make no exception and are facing the threat of new competitors that have completely embraced the digital era.

With information at the core of every business function, poor information management can affect business profitability and customer experience.

But the fact is most financial services organisations rely on legacy systems that are not connected to each other and create information silos and a lack of operational efficiency. Modernising these systems has now became an urgent matter.

But the reality is more complex: modernising the information management stack of a company is not an easy endeavour. That’s because in order to replace your legacy system, you usually need to turn the system off and turn a new one on, which can be risky and disruptive to the business. A “big bang” style switchover is not for the faint hearted, and usually involves the need for extensive back-out scenarios should things not go as planned. But there is another way…

In this paper you will learn how Content Services Platforms bring a new approach to modernising information systems to tackle the new challenges of the digital age while also reducing the risk of a failed project.

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Source: https://www.fintechfutures.com/2021/08/whitepaper-modernising-information-management-systems-in-financial-services/