Upgrading to real-time banking technology is a very bad idea
There are dozens of reasons why upgrading the current systems used by banking institutions is a great idea. With many systems having been built in the last century, the technology exists today to make things cleaner, more streamlined, and better overall. The one aspect of 2011 technology that does not belong in banking is real-time processing. The reason – security. Word is spreading about plans by 5 of the top 20 major banking institutions to move to more advanced real-time systems that will allow them to generate more revenue. On the surface, it seems like a win-win situation. People want their…