February 17, 2026

Legacy systems are putting banks at risk

February 17, 2026/ The Financial Revolutionist

Patricia Montesi, co-founder and CEO of Qolo, argues that outdated core systems pose a far greater risk to banks than stablecoins.

The Financial Revolutionist

The Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.

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Legacy systems are putting banks at risk

The Financial Revolutionist