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This dual vantage point offers clarity: the market size is immense, and the current software infrastructure within financial institutions is outdated and resistant to change. Traditionally, legacy systems have been difficult to upgrade or replace, often due to organizational inertia or fear of disruption. However, AI now acts as an inflection point—one capable of broadening the market scope and catalyzing the modernization of legacy software.
The Market Dynamics Favoring AI in Financial Services
All signs point towards a "perfect storm" in favor of AI-driven transformation. Several factors are converging: