‘Management failings rather than technology are to blame for a growing number of botched core banking system replacements, according to Forrester Research.
Replacing legacy technology is a top priority for many banks as they face increased regulatory burdens, internal cost cutting requirements, and customer demands for digital services.
But according to Forrester principal analyst Jost Hoppermann, in the ‘Anatomy Of A Disaster — Learn From Major Banking Platform Transformation Failures’ report, “more and more” modernisation projects are running into problems due to poor management.
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