Week Spots of Modern FinTech Infrastructure

Behind the beautiful interface, the back-end of FinTech app rarely follows the same banking processes. Every transaction made through FinTech payment app, is not going via a “newly built” financial system. Modern financial services usually use the same IT infrastructure, which banks have been using for many years. While the front-end drive the business, the outdated infrastructure makes newly created financial services vulnerable to significant financial and reputational risk.

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The story first appeared on www.hypersphere.ai