Swiss and Liechtenstein banks are reluctant to fully replace their core banking systems

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Banks in Switzerland and Liechtenstein are more inclined to upgrade their core banking systems than replace them entirely; an IFZ survey of 63 banks found that 65% expect to still be using their current systems in ten years. 95% said they were satisfied with the stability and reliability of their existing systems, but 64% were dissatisfied with their ease of use, and 61% felt that innovation was slow. By 2029, the share of banks whose core systems process payment transactions is expected to fall from 67% to 52%.