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The Hidden Bill Fintech Firms Are Running Up by Postponing Legacy Modernization
['Hugh Grant', 'Angela Scott-Briggs']
TechBullion
How much is it costing us to keep this old system running for another year?
The rest – staff hours, missed product cycles, breach exposure, hiring pain – shows up in places the finance team doesn’t tag as “legacy cost.”
Delaying modernization feels prudent because the modernization project has a price tag and the old system doesn’t crash today.
The word “legacy” gets thrown at anything more than a few years old, which isn’t useful.
The point is to start the clock intentionally rather than let the old system pick the moment for you.