Core processing platform replacements among credit unions and banks alike should continue a slight uptick in the next few years, according to the Aite Group.
The Boston-based research firm said it already has seen an increase in deployments of new platforms in recent months by banks of between $3 billion and $10 billion in assets and among credit unions of $1 billion or more.
"Many institutions are left with little choice but to replace their core systems as they move forward with planned initiatives," Aite Group said in a new report on core vendors.
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