One Trillion Dollars! That's what top banks spent on digital transformation in three years.
But mostly, it went to new UIs on top of Legacy Infrastructure. Operations and culture didn't change.
Banks want to innovate but aren't built for it due to complex regulations and legacy structures. True innovation often comes from Fintechs.
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Should innovation come from inside the bank? Or should banks focus on their strengths (Loans, Compliance) and let others build the future?
KEYWORDS
#FinTech#Banking#Legacy_Infrastructure
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