Digital Transformation & Legacy Modernization

FEATURED SPEAKER

AGENDA OF THE EVENT

Even before the onset of COVID-19, persistently low interest rates and a highly competitive landscape had increased the pressure on financial institutions to reduce their operational costs. The pandemic has simply exacerbated this, as firms are scrambling to deliver newer digital solutions, much faster and at a dramatically lower price-point.

The challenge that accompanies these two objectives has led institutions to explore newer and more creative ways to modernize their legacy architecture and digitally transform their IT and operations. However, it’s not just a technology issue. Financial institutions will need to grapple with big changes to their operating models and a scarcity of the right skills. Digital transformation and legacy modernization go hand-in-hand and encompass several objectives – updating and optimizing business systems to gain operational efficiencies, addressing technology & skill constraints, meeting customer & colleague experience expectations and supporting the adoption and integration with other systems based on newer technology.

In this session we aim to provide a view of best practices adopted by digitally advanced firms in driving their own modernization and transformation journey.