The Financial Conduct Authority (FCA) released a report that found 92% of UK Financial Services Firms (FS) still rely on older technology.
Broken down, that is 58% who rely on “some” legacy infrastructures and apps, 33% admit that “most” of their technology is legacy, and only 8% say they are not at all through technology debt be charged.
The FCA also shows that 78% of data from FS companies is still in the local infrastructure. Of the 17% of …
