Finance Signals 2025 Report

This report presents critical insights for CIOs, CTOs, and technology leaders in the financial services industry (FSI), aimed at facilitating informed strategic decisions. It outlines six key insights that highlight the current challenges and risks faced by the industry as it approaches 2025. The report indicates that while FSI outperforms other sectors in cybersecurity, a significant portion of systems still have average or below-average security ratings, exposing them to potential threats. Additionally, it details how poor software maintainability can lead to substantial extra costs and hinder innovation. The report also discusses the impact of legacy technology on agility, the talent crisis caused by knowledge monopolies within development teams, and the quality issues prevalent in AI systems. Furthermore, it emphasizes the growing need for sustainable IT practices beyond regulatory compliance. The findings are supported by extensive data analysis from a vast database of software systems, providing a comprehensive view of the software challenges within FSI.