The UK banking sector is a "long way away" from addressing deficiencies in "antiquated" IT systems, a senior Bank of England official has told a parliamentary inquiry.
Could this lack of investment be ROI's fault ?....CFO shouldn't take lead over CTO on such topics.
Unless vendors get their acts together, CTOs might not want to take the risk of putting their necks on the chopping block by taking the lead on such topics:
6 Reasons Why Banks Can't Transform Legacy Applications
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