Agentic software threatens legacy IT consulting models
The guest argued that agentic software development and modeling platforms will allow banks to modernize at scale without relying on massive teams of legacy system integrators.
The argument
Traditionally, core banking modernization required hiring hundreds of consultants from firms like Accenture, often resulting in high costs and mixed outcomes. The guest claims agentic platforms will enable banks to build and deploy systems five times faster with a fraction of the headcount.
The thesis, stress-tested
✓ What validates it
- ✓Decline in bookings or contract sizes for legacy IT consulting firms in the financial sector
- ✓Successful deployment of fully agent-built core banking modules
▸ Risks discussed
- ▸AI agents may still require human oversight and integration support
- ▸Banks may be slow to trust fully autonomous agentic development
Hear it yourself
"So traversing those towers of data or technology, I mean, historically, it's, you know, bits of paper and, you know, put a couple of 100 people on it to deal with it, but that doesn't work in a in an AI world, does it? No. I think, like, AI, like, the fragmentation so I think, like, basically, how do you organize typically, there's also Conway's Law. Like, the type of organization will basically dictate your IT landscape, will probably dictate your customer experience. Right? So very departmentalized, more organizational structures that are depending on the type of office, the type of product group."
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