Syntel Claims Banks Should Modernize Middle and Back-End Systems

March 30, 2016 - Financial IT

As the recent World Retail Banking Report states, many banks have not adapted their middle and back-end systems at the same rate as the digital transformations taking place in the front-end, or user interface. As a result, middle and back-end systems often receive a lower level of support and investment, which can create a fragmented customer experience and hinder the industry’s ability to attract, retain and engage modern customers.

According to Nitin Rakesh, CEO and President of Syntel, a leading digital modernisation and IT solution provider, banks have an opportunity to level the playing field with their digital competitors by more equitably allocating their technology investments among front, middle and back-end systems.