FILE PHOTO: Unicredit Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
MILAN (Reuters) - Italy's UniCredit on Wednesday announced improvements to its mobile banking service Buddybank, in a move that Chief Executive Andrea Orcel said would ease the eventual transition to a cloud-based core banking infrastructure.
Traditional banks face the challenge of shifting their IT operations on to the cloud, moving away from a system known as mainframe whose programming language is increasingly obsolete, making it hard to recruit young staff able to work with it.
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