We've heard it all before – new technology trumps old "legacy" technology. But if credit unions regularly upgrade their software and hardware, why do so many credit unions still rely on technologies that were developed in the 1970s?
Many credit unions will argue that their technology is brand spanking new. They'll even prove it by calling up a slick loan origination system on their tablet. But dig a little deeper and you will discover that the credit union's whiz-bang functionality depends on ancient technology staggering around the basement. Too often, it's got more bang than whiz.
Related:
The Core is Dead, Long Live the Core
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