Scots are reputed to be an independent group, and recent gains by the Scottish National Party in Parliament support that claim. If Scotland separates from the UK, the ramifications for the banking sectors in both nations would be profound. What are the specific initiatives being recommended to ensure a stable Scottish banking industry?
Mainframe computers have enabled banks to manage huge amounts of financial data for nearly 70 years, but these legacy systems are today proving to be hindrances to progress. Lean fintechs are taking full advantage of today’s ground-breaking, agile technology, while established banks are struggling to transform their bedrock digital infrastructure for the new world. How are banks migrating to cutting-edge systems that will maintain them on their industry’s frontlines?