Legacy IT leaves finance sector vulnerable to unseen costs and compliance gaps, Conduent argues

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Artem Shendetskii

26.05.2026

Legacy IT leaves finance sector vulnerable to unseen costs and compliance gaps, Conduent argues — Conduent urges legacy IT overhaul

Legacy IT continues to pose a silent but significant risk for financial institutions, Conduent cautions in a new statement.

The company points to challenges ranging from compliance gaps to hidden operational costs and limited business agility, which frequently go unnoticed until major issues arise. Conduent promotes a five-stage modernization checklist designed to help firms upgrade legacy IT systems with a focus on compliance and return on investment. The urgency reflects broader sector concerns over outdated infrastructure potentially undermining financial sector stability and competitiveness.

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Conduent recently co-hosted ELEVATE2026 with Microsoft and Deloitte to discuss AI and business innovation strategies, according to a company statement. The firm has also launched a recovery model to help payers address aging overpayments and provider trust issues through intelligent triage, as detailed in a previous announcement. These initiatives highlight Conduent’s focus on technology modernization within financial services.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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