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ISO 20022

Whitepaper

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and technology provider, RS2 , has revealed that a staggering 70% of banks’ IT budgets are consumed by maintaining outdated legacy systems.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 post New RS2 Whitepaper Reveals How Legacy Systems Are Stifling Bank Innovation appeared first on FF News | Fintech Finance.

Innovation

Innovation ISO 20022 Fraud Detection AI

RS2 Urges Banks to Invest in Innovation as 70% of IT Budgets are Spent on Legacy Systems

The Fintech Times

APRIL 3, 2025

As much as 70 per cent of banks’ IT budgets are being consumed by maintaining outdated legacy systems, according to a new whitepaper by RS2 , a payments processor and technology provider. With the November 2025 ISO 20022 deadline approaching, RS2 says banks must act quickly to modernise their infrastructure.

ISO 20022

ISO 20022 Innovation AI Fraud Detection

Payments Space

New RS2 Whitepaper Reveals How Legacy Systems Are Stifling Bank Innovation

RS2 Urges Banks to Invest in Innovation as 70% of IT Budgets are Spent on Legacy Systems

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