51 percent of financial services companies believe existing tech is holding them back

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BetaNews - https://betanews.com/2018/02/06/financial-services-technology/

Legacy technology can be a major obstacle to digital transformation projects and, according to a new survey of financial services technology decision makers carried out for business consultancy Janeiro Digital, almost 51 percent say existing technology is holding back innovation. Three of the biggest roadblocks are seen as lack of support for change (34 percent), legacy technology and infrastructure (31.6 percent) and a lack of in-house technical skill (29.5 percent). As a consequence 23 percent of respondents believe their company is behind in digital transformation compared to others in the industry. Only 47 percent are currently implementing new technologies, with…

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