Addressing the Cards Legacy Challenge: Top 10 Approaches

Contact the author
Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
26 July 2018
Zilvinas Bareisis

Getting Ready for the Digital World

Key research questions

  • What is the “legacy challenge” in cards? Why address it now?
  • What are the key approaches in dealing with the legacy challenge?
  • How should the cards players get ready to embark on the transformation journey?

Abstract

Cards remain the backbone of commerce and payments, yet many systems powering cards processing at financial institutions are decades old and struggle to cope with the demands of the digital age. How are the issuers, acquirers, and processors dealing with the legacy challenge?

To answer these questions, Celent conducted about 30 interviews with issuers, acquirers, processors, software vendors, IT service providers, and other industry experts. We also carried out secondary research to seek publicly available information about how cards players have been upgrading their technology platforms.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

sign in or register to read more

Insight details

Sector
Banking, Retail Banking
Content Type
Reports, Webinars
Focus
APIs, Cloud, Industry Trends, Legacy and Ecosystem Transformation, Platforms
Location
Asia-Pacific, EMEA, LATAM, North America