Cyber security and legacy systems still greatest technology challenges
But concerns differ by central banks’ CBDC mandate
The biggest financial technology challenges facing central banks remain cyber security and adaptation of legacy systems, data from the Fintech Benchmarks 2025 shows.
Over three-fifths (62.9%) of 35 central banks say cyber security is a key concern, while 57.1% of respondents say the same of adapting legacy systems. The order of challenges is the same as the 2024 benchmark.
Central Banking further analysed the sample by central bank digital currency mandate. Institutions without a legal mandate to
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