Getting fintech on bank CIOs’ radar

Image Source: Article

Image Source: Article

It is a well-known fact that banks have two types of technology: Cold War-era IBM mainframes running Cobol-based batch programmes and Evil Genius high-frequency trading systems creaming margins from ignorant ‘muppets’.

While both of these widely-held stereotypes contain an element of truth, the mundane truth is that any financial services operation will have a range of hardware and software systems of different vintages and spend a lot of time and money living with the consequences.

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