Why digital transformation in fintech requires mainframe modernization: A cost-benefit analysis

Vanaparthi, Narasimha Rao (2025) Why digital transformation in fintech requires mainframe modernization: A cost-benefit analysis. International Journal of Science and Research Archive, 14 (1). pp. 1052-1062. ISSN 2582-8185

This comprehensive analysis examines the critical role of mainframe modernization in driving digital transformation within the financial services sector. The article explores the current state of legacy systems in financial institutions, evaluating both the challenges and opportunities presented by modernization initiatives. Through detailed cost-benefit analysis, risk assessment, and examination of real-world implementation strategies, this research provides insights into successful transformation approaches. The article includes an in-depth case study of Citibank's modernization journey, highlighting key success factors and lessons learned. Additionally, it addresses future technological trends and market dynamics that will shape the evolution of banking systems, offering strategic guidance for financial institutions undertaking modernization initiatives.