Surround, Shrink, Scale: The Legacy Exit Strategy for Payment Modernization
Discover a trusted, proven, and low-risk strategy for exiting legacy Fedwire & ACH processing
Banks are weighed down by rigid payment architecture and mounting technical debt. In North America and Europe, 75% of IT budgets are spent just to maintain outdated systems, leaving little room for innovation.
By 2028, banks will pour $57 billion into aging payment systems, with costs rising 7.8% annually.
The reality? System outages, lost revenue, and shrinking competitive edge. No wonder 84% of banking leaders are looking to move away from legacy ACH and Fedwire systems. But how can banks modernize without disrupting operations and with low risk?
Discover the "Surround and Shrink" approach — your path to strategic payment modernization.
- Why piecemeal upgrades fail
- The shift to unified payment orchestration
- A low-risk, modular approach to migration
- An executive roadmap to future-proof payments
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Most large and regional banks don’t know that there’s actually a low-risk, proven approach to ACH and Fedwire modernization. That’s where the ‘Surround and Shrink’ approach comes in. It’s a strategy that allows banks to stand up a parallel processing platform, running modern systems alongside their existing ones. Over time, they can phase out legacy tech and reduce technical debt without the big-bang risk of a complete system overhaul. This approach is already working—it’s modular, it’s practical, and it helps banks transition at their own pace. This paper dives into that strategy and gives executives a roadmap for modernizing in a way that’s both scalable and sustainable.
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