Banking’s Digital Evolution: Merging Mainframe Legacy with Cloud Innovation [Video]

In a groundbreaking research published in the International Journal of Computer Engineering and Technology, technology expert Jagadish Raju explores the critical transformation of banking infrastructure. Based in the USA, his analysis reveals how financial institutions are navigating the delicate balance between traditional mainframe systems and modern cloud solutions.

The Power of Legacy Systems

Traditional mainframe systems continue to be the backbone of banking operations, processing an impressive 31 billion transactions daily with remarkable reliability. These systems maintain uptimes of 99.999%, demonstrating their crucial role in maintaining the stability of global financial operations. However, the challenge lies in adapting these robust systems to meet modern digital demands.

Cloud Revolution in Banking

The banking sector is witnessing a dramatic shift toward cloud adoption, with the global cloud computing market in banking projected to surge from $24.13 billion in 2021 to $112.44 billion by 2030. This transformation is driven by the need for greater agility and innovation in financial services, enabling …