With Windows 7 Product Support Ending, Article Outlines Bank Options for Upgrading

Jan. 14, 2020, is the day that Microsoft will discontinue product support for Windows 7. At that point, Microsoft will begin charging a fee for patches and related maintenance for Windows 7 users. By some estimates, just over 60% of financial institutions are either on Windows 10 or are in the process of migrating to it. A new free article on the ABA Banking Journal offers practical advice on questions to ask and options to consider as the clock ticks down.

The article notes that banks face special issues related to a software migration. Will the bank’s third-party software—such as accounting, appraisal or core applications—need to be upgraded? Is the hardware—PCs, ATMs/ITMs, and DVRs—under warranty? What do banks need to know about newer software that enables Microsoft to collect data from users?

The author points out that some banks may find that it makes sense to pay for Windows 7 support for a time, rather than migrating immediately to Windows 10. The decisions banks face about upgrading to Windows 10, he says, are “more complicated than they seem—and the time to make them is running short.” Read the article.

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