Legacy Modernization - Genesis Global

Legacy Modernization in numbers

more downtime due to legacy systems compared to firms that have modernized their IT infrastructure*

*McKinsey

70-80%

of IT budgets consumed by maintaining legacy systems rather than innovating or making strategic upgrades*

*Gartner 2021

of capital markets firms rely on manual processes or workarounds to meet compliance requirements, largely due to legacy system limitations*

*Gartner 2021

THE CHALLENGE

Increased operational risks

Legacy systems become increasingly expensive and risky over time. They become harder to maintain to ensure they are meeting business and regulatory requirements.

The process of modernizing can be costly, complex and introduce operational risk for mission-critical systems.

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THE SOLUTION

Accelerate modernization initiatives

Rebuild or extend legacy systems with a comprehensive development suite, featuring frameworks and AI-powered tools.

Get access to a marketplace of ready-to-use components, integrations and templates for financial market functions.

This enables rapid replication or enhancement of existing functionalities, ensuring efficient system modernization.

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Faster Transitions, Lower Risk and No Siloes

Faster development

Quickly extend or replace legacy systems using Genesis’s development suite. Whether adding new features alongside existing systems or rebuilding them entirely, pre-built components and AI-powered tools reduce development time and enable you to streamline the process.

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Seamless synchronization

Ensure real-time data flow and smooth operations as you build upon or replace legacy systems with Genesis. It seamlessly connects protocols, data sources and systems, keeping both old and new components in sync to minimize disruptions and maintain business continuity.

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High-performance legacy extension

Building new functionality next to legacy systems can add latency to business processes. Ensure your systems run efficiently and minimize overhead as you add new capabilities with Genesis’ high-performance runtime.

Genesis also integrates with the monitoring and access controls you already use, ensuring compliance and operational resilience without adding complexity.

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Explore client stories

Neptune replaced aging tech

An outdated tech stack was slowing our client, Neptune Networks’ growth.

So, they built a new data processing platform with Genesis, that processes 1.25 billion messages a day on average.

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Canadian bank modernization – Effiency and compliance

A Canadian bank’s investment arm modernized its middle-office operations to meet T+1 regulations. They improved efficiency and compliance through centralized, multi-asset workflows, using Genesis.