At the recent Temenos Community Forum, Rohit Chauhan, Chief Technology Officer at Temenos, articulated the transformative potential of composability in addressing technical debt within financial institutions. He advocated for a gradual approach to core modernisation, leveraging composable modules rather than opting for more aggressive strategies. This method not only mitigates the immediate impact of technical challenges but also fosters a more manageable 'blast radius' of issues. Chauhan underscored that modernisation should be viewed as an ongoing journey, urging stakeholders to maintain a forward-looking perspective that anticipates future developments and prepares for them proactively. By adopting this futurist mindset, organisations can better position themselves to adapt to the evolving landscape of financial technology today.
Source: Finextra
