Cloud Computing Takes On The Legacy Issue

Source:-pymnts.com Isn’t it surprising to know that 70 percent of financial institutions are just now adopting cloud computing solutions? Or how about this fact: over 90 percent of the world’s top 100 banks still use physical mainframes running 20th century style. So, what’s holding up the upgrades? It’s that old devil, legacy, and a smidgen of caveat emptor on the part of upgrading banks. But known unknowns aside, this is not the economic climate in which to do business without agile, resilient cloud computing

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