While mainframes are stable, secure, and reliable, traditional banks often have issues connecting these legacy systems to newer technology. As open banking rapidly transforms the financial landscape, innovative organizations see its value but are wary of the obstacles to adopt.
We examine open banking trends and how financial services institutions can navigate their complexities on this page, Open Banking Explained: History, Industry, and APIs.
This page will also address:
- Three major open banking trends and what they mean for traditional banks
- Why mainframe integration is so challenging
- How to deal with the legacy skillset shortage
- Why legacy system integrations take longer and cost more than estimated
- How a line of business executives use the Open Banking SmartBridge
Click here to contact us and learn more from one of our engineers.