Fueled by venture capital money and powered by inexpensive cloud infrastructure, startups are building revolutionary financial products and experiences. According to a Reuters article, large financial institutions across the world could lose 24 percent of their revenues to startups. To compete, banks are seeking to harness new technologies, fully use their existing assets, and re-think their business models to self-disrupt and ensure continued sustainable growth.
With OpenLegacy’s platform, create new business models by making the data and processing in your core applications available as digital services. The prize for this effort is delighted customers and productive employees.