The future for incumbents In a world that is constantly changing , only those that evolve will survive . Incumbents will have to develop to stay relevant . That much is certain , concludes Carmody .
“ There is no one simple answer that covers obsolescence of legacy systems , but it is happening . Legacy systems continue to naturally fall away . IPC has already seen some of our competitors that are not able to adapt quickly enough get left behind .”
He adds , “
Moore ’ s law has already been slashed multiple times , and the second derivative of fintech development continues to increase . It is only a matter of time that legacy systems will become obsolete , and IPC is poised with agility for the long haul .”