U.S. banks changing out core systems for real-time processing

They're spending more than $100M to replace aging systems

By , Computerworld |  Virtualization, banking, transaction processing

"If you're going to spend $100 million to $150 million dollars to implement technology to address regulatory change, that's as much as ... you'd spend to change our your core banking, so you might as well address centricity and speed to market, too," Voelker said.

Lucas Mearian covers storage, disaster recovery and business continuity, financial services infrastructure and health care IT for Computerworld. Follow Lucas on Twitter at @lucasmearian or subscribe to Lucas's RSS feed . His e-mail address is lmearian@computerworld.com .

Read more about financial services in Computerworld's Financial Services Topic Center.

Originally published on Computerworld |  Click here to read the original story.
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