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The convergence of Legacy Systems and FinTech using chatbots

Legacy Systems remain problematic.

Legacy Systems constrain change enablement.

FinTech accelerates change.

Legacy Systems are costly and slow to change.

FinTech is inexpensive and quick to change.

The knowledge to change Legacy Systems dilutes overtime.

Diluted knowledge increases cost, time and risk.  

 

Solution Stage 1

Capture Legacy Systems knowledge needed for change.

Use this knowledge to populate an ecosystem of Chatbots.   

Use Chatbots as guides to make Legacy Systems change.

 

Solution Stage 2

Treat Legacy Systems as a black-box.

Use Chatbots as the conversational front-end to Legacy Systems.

Use Chatbots as the conversational front-end to FinTech.

FinTech and Legacy Systems co-exist.

Legacy Systems knowledge is a measurable and working asset.

Legacy Systems no longer constrain change enablement.

Legacy Systems cease to be problematic over time.

  

 

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Freddie McMahon

Freddie McMahon

Chatbot Thought Leader

DF2020 Ltd

Member since

04 Aug

Location

London

Blog posts

53

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This post is from a series of posts in the group:

Business Knowledge for IT

This community aims to provide links, resources, book suggestions, tips and insights to facilitate learning and development of IT professionals in financial services, and to develop a forum for IT professionals to exchange views on various related items.


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