For example so called two factor authentication is a

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legacy banking systems. For example, so-called two-factor authentication is a nearly bullet- proof way to secure consumer bank accounts. Banks send a temporary code to the consumer’s cell phone before allowing them to log in, which means hackers would need access to both the computer and the cell phone to gain access to the account. Despite the effectiveness of the method, several major banks don’t use two-factor authentication to protect consumer bank accounts .
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2. Understanding customer context The other area where organisations have suffered is trying to superimpose digital solutions on traditional customers. Thus, with an online banking the traditional customers will find difficulty to cope with it and the worst part is they tend to make false transaction when using the online banking and have high chances to be cyber crime victim as they have limited knowledge about digital banking. However, We are now no longer in an era where we have to explain the basic technologies that drive our digital offerings. 3. Digital transformation All industries need good and advance legacy system to cope with the digital transformation. In banking industry alone, even largest banks still using and rely on core system that was built long time ago and was not been updated. In order to compete with the changing
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