How the cloud helps banking and finance companies tackle core modernization challenges

Two decades of technology-driven transformation has left many financial services firms with significant complexity and technical debt. While banking and finance organizations have aggressively moved workloads and apps to the cloud to meet changing customer needs, some remain hesitant to tackle modernization of core infrastructure and systems, fearing a disruption to the business. In a rapidly changing environment, IT leaders can no longer put off the critical modernization decisions required to ensure secure and resilient operations, which enables rapid innovation and growth. "There is no option for banks to ignore the increasing complexity and technical debt," says Nick Drouet, CTO and Distinguished Engineer, Kyndryl UK and Ireland. "They need to move quickly, and at scale."