The September 2022 Aite-Novarica report The Impact of the Pandemic on U.S. Bank Core System Replacements by David Albertazzi and Christine Barry examines how COVID-19 accelerated banks’ urgency to modernize core platforms. It analyzes market consolidation, M\&A trends, and other challenges influencing replacement decisions, alongside estimated spending and deployment preferences. The report outlines key decision criteria, evaluates vendor market share, and forecasts replacement activity through 2024. It highlights how modern, forward-looking core systems can improve efficiency, agility, and competitiveness in an evolving banking landscape shaped by digital transformation.

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