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Legacy Bank
Trends
- 1Banks urged to put data first in mainframe migration●Still running a mainframe core? Thinking about migration? The banks that get it right don't start with the technology. T
A technology practitioner with core banking migration experience at J.P. Morgan says banks still running mainframe cores should not begin modernisation with technology choices. Instead, they should start with the data, the ledger, reconciliation processes and the controls that must survive the transition. The argument frames data integrity, not platform selection, as the decisive factor in successful core banking migrations.
- 2Lawsuit accuses Legacy Bank of failing to protect customer data●Legacy Bank accused in lawsuit of failing to protect customers in data breach
A lawsuit has been filed against Legacy Bank alleging the institution failed to adequately protect its customers in a data breach. The complaint claims the bank did not take sufficient safeguards to secure personal information, exposing customers to risk. Details about the number of affected customers or the type of data compromised were not disclosed.