Legacy systems still a drag

David Ballard, consultancy director at Northdoor, says while many businesses in banking and insurance know what they want to do in business terms, it is still the case many are yet to fully go through the IT transformation required to meet their goals. In a general sense, the industry is moving towards so-called service oriented architecture (SOA), an approach to constructing IT systems that will enable companies to make best use of .Net or Java technology. Such technologies not only enable provider firms to offer more to their direct customers and intermediaries, but can help cut bac...