<ul><li>As much as 70 per cent of banks’ IT budgets are being consumed by maintaining outdated legacy systems, according to a new whitepaper by RS2.</li><li>Legacy systems pose challenges such as reduced efficiency, rising operational costs, and an inability to deliver superior digital experiences.</li><li>RS2 suggests that adopting AI-powered orchestration layers can enhance existing systems without the need for a full-scale overhaul, enabling banks to allocate investments in innovation and new products.</li><li>AI-driven orchestration layers can optimize banking operations, strengthen fraud detection, provide deep customer insights, streamline compliance, and enhance system reliability.</li></ul>

RS2 Urges Banks to Invest in Innovation as 70% of IT Budgets are Spent on Legacy Systems

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