New RS2 Whitepaper Reveals How Legacy Systems Are Stifling Bank Innovation
Fintech Finance
APRIL 1, 2025
A new whitepaper by global payments processor and technology provider, RS2 , has revealed that a staggering 70% of banks’ IT budgets are consumed by maintaining outdated legacy systems. The paper entitled How to Solve Banks’ Legacy System Challenges While Controlling Risk suggests that this unnecessary expense is hindering innovation and digital transformation and presents a groundbreaking AI-enabled solution that allows banks to modernize without excessive risk.
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