Big Breakthroughs as Banking in the Cloud Replaces Legacy Systems

“Financial institutions have long viewed legacy core technology as a hindrance to innovation,” said Stephen Greer, senior analyst at Celent, commenting on Finastra’s announcement. “They are realizing that an open, cloud-based core has the ability to actually facilitate innovation and eliminate the roadblocks and inefficiencies caused by lack of integration with other technology solutions used within the institution.”