By Marios Kapiris
In an era of rapid change, challenges are inevitable for any business or organization—especially when it comes to digital transformation. One of these challenges is what’s known as technical debt: the long-term cost and complexity that arise when organizations opt for quick, short-term technology solutions instead of more resilient, well-architected approaches.
Sooner or later, every business accumulates technical debt as a result of the modernization efforts demanded by today’s fast-evolving landscape. This is also supported by findings in the “2024 Readiness Report” by Kyndryl, where respondents ranked technical debt among the top five modernization challenges facing organizations.
As financial institutions accelerate digital transformation and…
