Banks spend more than $60 billion a year on core banking, yet much of the industry still runs on decades-old technology.

In this episode of the WRAP UP, I sit down with Martin Della Chiesa, CEO of Skaleet, to discuss why replacing legacy core banking systems remains so difficult and how cloud-native, modular and real-time infrastructure is changing the market.

We discuss why the biggest competitor for next-generation core banking providers is often the status quo, why major migrations can still take 18–24 months, and how modern platforms can help banks and fintechs launch new products in as little as six months.

We also get into AI and agentic commerce. Martin explains why banks cannot fully take advantage of AI agents if their underlying infrastructure is not API-based and real-time, how AI cou ...