# AI & cost of legacy systems in UK banking

> UK banks are spending approximately £3. 3 billion every year simply to keep legacy core systems running – roughly a quarter of their total IT budgets.

- **Source:** [TechRadar](https://www.techradar.com/pro/ai-and-cost-of-legacy-systems-in-uk-banking?utm_source=gearopen.com&utm_medium=referral&utm_campaign=feed&utm_content=69ce8cd12da9a8475e2471f6)
- **Published:** 2026-04-02
- **Category:** AI & Bots
- **Tags:** #ai #legacy #systems #banking #cost #keep #acknowledge #approximately
- **Canonical:** http://localhost:4321/a/69ce8cd12da9a8475e2471f6

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_GearOpen's distilled summary. The full original article is published at TechRadar (source link above); GearOpen does not republish the source's full text._