THE FINTECH INTERVIEW
“CO-EXISTENCE MIGHT BUY TIME, BUT IT’ S NOT A STRATEGY WHEN LEGACY SYSTEMS HOLD YOU BACK”
Peter Pugh-Jones, EMEA Field CDO, Data Streaming Platform, Confluent
AI implementation, yet legacy systems prevent exactly this data quality.
Peter argues the future trajectory remains clear, regardless of current constraints. Digital-native banks demonstrate sophistication and speed that legacy solutions cannot match, delivering agile feature deployment and personalised customer experiences.
“ Digital natives offer a level of sophistication and speed that legacy solutions can’ t match,” Peter explains.“ Those banks are incredibly agile, able to launch new features very quickly, and often offer a more personal, curated experience than many larger players.”
Modern architectures enable these capabilities because they avoid hardware, software and design compromises inherent in legacy technology.
Advanced systems can receive, interpret and act on data with unprecedented speed. Some can even process data while it remains in motion. WATCH NOW
Data Streaming in Real Life: Banking – Core Banking
“ They can receive, interpret and act on data far, far more quickly. Some systems can even do so while that data is in motion, infusing each data point with context before it’ s even stored,” Peter reveals.“ Legacy systems aren’ t capable of this.”
However, retrofitting cloud environments with AI capabilities that help modernise legacy estates provides valuable transitional
28 September 2025