Modernizing architecture can reduce long-term costs

There is a lot of talk in the financial services industry about modernization and automation, but the reality is that too many banks and broker-dealers still base much of their network of business-critical data and processes on a complex web of spreadsheets and manual interactions. This has mostly been sufficient, with banks making do with a patchwork approach to new business initiatives, data quality improvements, and ever-increasing regulatory requirements. 

But change is coming. The rate at