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What is one major challenge faced by investment banks in renovating their technology?
  • a)
    Grid compute for risk management and analytics
  • b)
    Client portals and new platforms
  • c)
    Cyber-security threats
  • d)
    Legacy applications and outdated infrastructure
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is one major challenge faced by investment banks in renovating th...
One major challenge faced by investment banks in renovating their technology is dealing with legacy applications and outdated infrastructure. These banks often rely on monolithic systems that are inflexible and not suited for the demands of modern technology. Upgrading or replacing these legacy systems can be costly and time-consuming, hindering the banks' ability to innovate and keep up with market demands.
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What is one major challenge faced by investment banks in renovating their technology?a)Grid compute for risk management and analyticsb)Client portals and new platformsc)Cyber-security threatsd)Legacy applications and outdated infrastructureCorrect answer is option 'D'. Can you explain this answer?
Question Description
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