This is a draft version! Do not share the link externally!
Article
Ageing Applications: A Hidden Cost in Financial Services




Technology leaders across financial services have spent years simplifying their application landscapes – reducing functional overlaps, consolidating vendors, and rationalizing portfolios.
But despite extensive efforts, many continue to face rising maintenance costs.
Our new analysis of 40 leading banks globally has uncovered a hidden, and often underestimated, driver of these mounting costs: application age.
In collaboration with Expand, BCG’s benchmarking arm for financial services, we drew on normalized data to examine the relationship between average application age and maintenance costs – the results are striking.





