Join the Community

22,039
Expert opinions
43,969
Total members
395
New members (last 30 days)
177
New opinions (last 30 days)
28,688
Total comments

The convergence of Legacy Systems and FinTech using chatbots

Legacy Systems remain problematic.

Legacy Systems constrain change enablement.

FinTech accelerates change.

Legacy Systems are costly and slow to change.

FinTech is inexpensive and quick to change.

The knowledge to change Legacy Systems dilutes overtime.

Diluted knowledge increases cost, time and risk.  

 

Solution Stage 1

Capture Legacy Systems knowledge needed for change.

Use this knowledge to populate an ecosystem of Chatbots.   

Use Chatbots as guides to make Legacy Systems change.

 

Solution Stage 2

Treat Legacy Systems as a black-box.

Use Chatbots as the conversational front-end to Legacy Systems.

Use Chatbots as the conversational front-end to FinTech.

FinTech and Legacy Systems co-exist.

Legacy Systems knowledge is a measurable and working asset.

Legacy Systems no longer constrain change enablement.

Legacy Systems cease to be problematic over time.

  

 

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

22,039
Expert opinions
43,969
Total members
395
New members (last 30 days)
177
New opinions (last 30 days)
28,688
Total comments

Trending

David Smith

David Smith Information Analyst at ManpowerGroup

Best 5 White-Label Neobank Solutions in 2024

Ruoyu Xie

Ruoyu Xie Marketing Manager at Grand Compliance

Governance, Risk and Compliance: How AI will Make Fintech Comply?

Now Hiring