Over half – 57% – of C-suite banking executives rank legacy systems as among their most serious development challenges. Another 54% cite the costs of redevelopment as one of their biggest obstacles.

With many executives convinced that their current core banking applications are not geared for the future, how should the CIO respond? How critical are Service-oriented architecture (SOA), modular systems, and outsourcing to solving these problems? And how can CIOs and their C-suite colleagues work together to close not just the perception gap, but the reality gap in core banking technologies—from transaction processing and centralised customer information to multi-jurisdictional compliance?

To debate the way forward for banking technology, and to present the findings from a special global banking survey conducted on behalf of Oracle by the Economist Intelligence Unit (EIU), Economist Conferences is convening a series of Banking Technology Roundtables.