Latest / Banking Transformed with Jim Marous
The Technical Debt Your Vendors Control
Your vendor may own the technology debt. Your institution owns the consequences.
Technical debt is usually discussed as a money-center bank problem, so community banks and credit unions hear it and go back to work, because they don't write code. But institutions still contracting with a legacy core are paying the maintenance on that provider's accumulated debt. Outsourcing didn't remove the debt; it changed the relationship to it: a large bank can inspect its own and decide what to repair, while a smaller institution can only live with the consequences.
In this episode, Jim Marous argues that…
The skinny
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