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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and technology provider, RS2 , has revealed that a staggering 70% of banks’ IT budgets are consumed by maintaining outdated legacy systems.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.
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They act as buffers between trading partners and help to mitigate the damage if there is a default on either side. The group issued a whitepaper on the subject on Thursday (Oct. Clearing houses like LCH and ICE Futures US have historically been seen as good examples of market stability, especially in the last decade.
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The announcement follows RS2’s latest whitepaper, How to Solve Banks’ Legacy System Challenges While Controlling Risk , which revealed that up to 70% of banks’ IT budgets maintain obsolete infrastructure—leaving little room for innovation.
As much as 70 per cent of banks’ IT budgets are being consumed by maintaining outdated legacy systems, according to a new whitepaper by RS2 , a payments processor and technology provider. Additionally, AI-driven predictive analytics enhance system reliability, minimise downtime, and optimise resource allocation for peak efficiency.
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