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In Part 1 of this blog post, I'd described three issues with open systems that held banks back from transforming all their legacy applications to open systems.
Here are three more:
As a result, legacy transformation is fraught with a lot of as-yet unsurmountable risks.
Meanwhile, mainframe sales keep growing.
https://twitter.com/GTM360/statuses/344099747205877760
To achieve greater success in persuading top management of banks to ditch their legacy applications and embrace open systems, technology vendors need to address the above issues. Endorsing Steve Blank's "21st Century Bill of Consumer Product Rights" could be a good starting point.
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James Smith MD at Dsruptiv Ltd
01 July
Pavel Perfilov IT Manager (engineering) at hedge fund
28 June
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
27 June
Hugo Chamberlain COO at smartKYC
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