30 years ago, the financial services industry looked quite different. Today, these platforms are seen as legacy, and legacy platforms in financial services have increasingly entered into the discussion around digital transformation. We're going to explore why they're so ingrained in some businesses and what you can do.
Application Managed Services is basically outsourcing the task of ongoing support for your apps to an external provider. Through AMS, you can delegate the responsibility of monitoring and releasing patches, bug-fixes and minor enhancements to another company - freeing up resources and reducing hiring/training.