5 Keys to a Successful Lending Portfolio Migration
Migrating your lending portfolio to an improved technology system is among the most challenging initiatives for credit unions and banks. Though every lender wants a modern tech stack, the costs and difficulties of migrating data to a new platform can sometimes outweigh the benefits. This is why so many credit unions and banks are still scraping by with legacy infrastructure. There are three key challenges that lenders face when embarking on a migration. The first is the risk of data loss or corruption. It’s common for unexpected discrepancies to arise, even with rigorous testing. Even seemi...
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