Change is the only constant in our ever-evolving world. The technology industry is driven by this rapid change, which is forcing financial services organizations to adapt quickly to stay relevant. Failure to adapt to the latest technology puts these organizations at risk of losing customers and becoming outdated.

Technical debt refers to the accumulation of the rework that an organization has to address in the future to keep up with the current functional application performance or maintain the status quo. It can occur either intentionally or unintentionally and, if left unaddressed, it can become increasingly challenging and costly to maintain the platform.

This whitepaper discusses the effects of technical debt on the IT ecosystem and how financial services organizations can overcome them.