Rapid technological advancement has enabled businesses to rely on fast, scalable, and user-friendly payment systems. The steady increase in global internet usage has rendered legacy systems incapable of catering to the modern needs of an ever-growing user base. Maintaining systems that grow organically as the services offered by companies increase requires a huge development skill pool. For legacy systems, these skill pools are not easily available, and though legacy applications may work with out-of-warranty or obsolete software, they are still unstable due to compatibility issues with the current operating systems, browsers, and other commonly used information technology (IT) infrastructure. Hence, an intelligent automation platform can upgrade the underlying legacy code and equip applications to be cloud ready.
Digital solutions have been instrumental in catalyzing a phenomenal transformation in the payments industry. In the financial services sector, the shift has been seismic, as financial institutions that have traditionally enabled payments such as Fintechs, are now driving the payment ecosystem based on innovative technology, supportive regulation, and consumer demand. Technology has transformed the digital payment ecosystem by increasing peer-to-peer and person-to-merchant payments. It is, therefore, imperative that innovations in the payment space must be combined with security. Adequate initiatives will need to be taken to safeguard consumer data and interests. However, it is difficult to create a system with the same features as the legacy system thereby hampering the delivery of a consistent user experience. Data protection is a key component, and data must be migrated with the requisite safety precautions to avoid any data loss.
Enterprises have to decide between continuing with a legacy tech stack and handling it with support tasks related to legacy code or translating or rewriting the application to a modern version. In order to remain relevant in today’s market and meet the evolving business demands, enterprises need to convert their legacy applications to modern languages facilitating digital transformation. The critical priority of such initiatives is to modernize the application without affecting business functionality and performance. The following sections highlight some common challenges faced during transformation and their respective solutions.
Challenges in migrating to a new language
Some challenges faced while migrating to a new language are:
The challenges that have been identified during the transformation of legacy technology (mostly C++ to Java), can be addressed with the following solutions:
The journey ahead
Enterprises that transform their applications from legacy tech stacks to modern technologies are likely to face the aforementioned challenges. However, by utilizing development approaches that shift the focus of development from coding to modeling, the transformation of legacy applications can lead to platform independence, enhanced productivity, and uniform quality. The adoption of a manual approach for such a large-scale endeavor will be time-consuming, effort-intensive, and expensive. Thus, the ideal approach to modernization will involve the assistance of an intelligent automation platform, which will help enterprises by upgrading the underlying legacy code and enabling cloud-readiness.