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5 Ways to Deal with the Threat of a Traditional Banking System

Posted: Sat Dec 21, 2024 4:57 am
by Aklima@41
Traditional banking systems have a staggering 60-year-old foothold that is losing its grip on the modern customer. are losing their grip on the modern customer – and opening up a huge opportunity for innovation.

Mainframe programmers at traditional banks of yesteryear never envisioned the space-age wonders of smartphones and cloud computing. Today, aging mainframes are codependent on decades of disparate add-ons — making traditional banks slow to meet the basic needs of today’s customers and regulators.

Your teams need accessible ways to replace legacy, unintuitive, and freight forwarders brokers email lists redundant components with future-proof systems. Let’s explore how process-driven technologies can help incumbents mitigate the risks of outdated systems to deliver an engaging, agile service.

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1. Democratize development through a dynamic “interview” type experience.
Maintaining your core banking systems plays a critical role in ensuring the stability, security, and usefulness of your back-end workflows. As support knowledge ages with the retirement of internal programmers, you’re faced with a costly search for experts to translate your teams’ needs into disappearing programming languages.

The alternative: Instead, give your teams DIY tools that allow them to connect your systems using their direct workflow experience.

Low-code tools democratize the workflow programming process, turning employees into citizen developers with drag-and-drop flowcharts and other clean UI elements. Simple question-and-answer configurations help you determine exactly what your people want to accomplish, while keeping them within your predefined business rules. business rules .

Long-term maintenance becomes simple when you reduce IT burdens and create new support talent using almost any staff member.