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In with the New While Keeping the Old
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A Necessary Evil with Bankable Benefits

CIO.com

Although not as glitzy as big data and IoT, application modernization is a high-priority initiative for organizations across all industry lines, according to the recent CIO Survey. It’s especially significant for financial institutions, for which 73 percent of the respondents see this seemingly tactical maneuver as a must-do over the next 12 months. Why? Because in this digital economy, every bank has to keep up with the “Joneses” within reasonable operating margins and despite regulatory pressure.