Modernizing Legacy Data Infrastructure for Financial Services

Chandrakanth Lekkala

Abstract: The financial services industry is undergoing a significant transformation driven by technological advancements and evolving customer expectations. Legacy data systems, often characterized by rigidity, scalability limitations, and siloed information, hinder the ability of financial institutions to adapt and thrive in this dynamic landscape. Cloud - based platforms offer a compelling solution, providing agility, scalability, cost - efficiency, and advanced analytics capabilities. This white paper delves into the challenges and strategies for modernizing legacy data infrastructure in financial services, emphasizing the benefits of cloud migration and the transformative impact on data - driven decision - making and innovation.

Keywords: Legacy modernization, financial services, cloud migration, data warehousing, ETL/ELT, data lakes, Snowflake, AWS, cost optimization, data analytics, digital transformation

How to Cite?: Chandrakanth Lekkala, "Modernizing Legacy Data Infrastructure for Financial Services", Volume 10 Issue 1, January 2021, International Journal of Science and Research (IJSR), Pages: 1634-1638, https://www.ijsr.net/getabstract.php?paperid=SR24430141102, DOI: https://dx.doi.org/10.21275/SR24430141102