Infographic: The Future of Financial Services

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The Connected Bank

For many banks, back office systems for such critical functions as deposit accounting, loan servicing, and payment processing have been in place for decades, running on huge legacy mainframes. According to industry analysts, IT departments spend 70 to 90 percent of their budgets managing and maintaining these disparate systems, leaving little left over for new initiatives.

In addition, with poor operational efficiency a barrier to growing revenues,