About the role
Introduction“Nearly 50% of banks do not upgrade old IT systems as soon as they should, and 43% of US banks still use COBOL, a programming language dating from 1959 ...and extra layers embedded on top of it are causing outage” - UK FCA in its annual report.In other words, banking systems are outdated and cannot be easily modernized. Fintech has responded enthusiastically to address this problem, and in India alone, there are over 2,000 fintech and neo banks. Each of them is looking to provide value-added services through a tech-driven approach. However, in each case, the fintech or neo bank partners with a licensed bank for core services like savings or loan accounts delivered through the same legacy systems and hence are constrained themselves. What will you be doing here?