Legacy Modernization is the continued process of transforming Legacy Systems in order to reduce IT environment complexity and costs, increase data consistency, enable collaboration across platforms and improve process flexibility. It mostly aims at transforming existing systems into web based thin client systems and integrate multiple related systems. One of the major challenges in legacy modernization is to ensure that the modernized system has similar capabilities with compatibility with existing data formats.

Advantages of Legacy Modernization are as follows:

• Reduce processing time
• Analyse frauds quickly and prevent them from occurring in the future
• Address mobility challenges
• Implement Business Intelligence into their core systems