Legacy Systems, 'Army of No' Top Hurdles for Buy Side
C-Level panel identifies legacy technology and culture, deep-rooted in many firms, as the biggest hurdle to business transformation.
While the buy side embraces innovation and new technologies, it is still reliant on old but widely used systems.
“Decommissioning is one of the most topical issues right now,” said Stuart Warner, head of technology, UK and Europe, at Fidelity International. “We install all these new tools, but I never see the old ones get switched off because somewhere during the implementation, someone retreats.”
Tom Dalglish, head of technical services, applied innovation at HSBC, underlined the difficulty
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