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Banks are persisting with the ‘patch and upgrade’ approach to legacy systems – and it’s swallowing up IT budgets

Summary by IT PRO
Banks are spending a staggering 70% of their budgets on maintaining outdated legacy systems, with many using an expensive 'patch and upgrade' approach.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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Banks are persisting with the ‘patch and upgrade’ approach to legacy systems – and it’s swallowing up IT budgets

Banks are spending a staggering 70% of their budgets on maintaining outdated legacy systems, with many using an expensive 'patch and upgrade' approach.

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IT PRO broke the news in on Thursday, April 3, 2025.
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