Author: Sergio Barbosa

Banks have spent fortunes fighting fraud. But this has slowed spending in other areas – and the cracks are beginning to show.

Despite the regulators’ fascination with new technologies, local banks seem to remain fairly cautious about their adoption.

Many financial institutions are held hostage by legacy systems that consume the lion’s share of their IT budgets.

In an effort to save costs, local companies often fall for the low-quality code trap, writes Sergio Barbosa.