Tag: legacy systems

Financial institutions are under growing pressure to modernise their technology, and one of the most important decisions they face is whether to move towards...

Switching from a legacy anti-money laundering (AML) transaction monitoring system to a modern platform is no small feat. According to Flagright, it requires careful...

Ripping out and replacing anti-money laundering (AML) systems is no longer a practical option for most financial institutions. According to Consilient, deeply embedded legacy...

Financial firms relying on call recording for compliance, security, and operational insights are facing a critical deadline. Nice Trading Recording (NTR) systems will reach end-of-life (EOL) in September, putting organisations at risk of losing key data, breaching compliance requirements, and incurring greater costs without urgent action.

In the realm of modern enterprise IT, which thrives on seamless integration across various platforms such as security, identity, and analytics, one aspect lags conspicuously behind: compliance. As enterprises increasingly operate on SaaS-based API-driven infrastructure, the necessity for compliance systems to evolve becomes undeniable.

In the financial sector, the transition towards AI begins with overcoming the inherent challenges posed by legacy systems. According to Napier AI, many AI initiatives...

In the evolving world of regulatory compliance, IT leaders face challenges managing the vast archives of internal, trade, and customer interactions.

HCLTech and IBM have unveiled a new Generative AI Center of Excellence (GenAI CoE) to offer tailored AI solutions.

Claims represent a pivotal moment in insurance, often determining customer loyalty and future business opportunities. They not only involve the insurer and the customer but also the beneficiary, creating a chance to impress and potentially convert the beneficiary into a new customer. This underscores the importance of a satisfying service process during claim handling.

The 2024 1LoD Surveillance Benchmarking Survey & Report, featuring insights from over 30 leading global banks, has highlighted the pressing need for banks to update their call surveillance practices. Sponsored by Wordwatch, the report outlines the operational and financial risks associated with maintaining multiple legacy systems.