Core banking systems

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New Singapore digital bank Trust selects Thought Machine core

/cloud

New Singapore digital bank Trust selects Thought Machine core

Trust Bank, the Standard Chartered and FairPrice-backed digital challenger that recently launched in Singapore, is running on Thought Machine's cloud-native core platform.

Payset signs for Thought Machine platform

/cloud

Payset signs for Thought Machine platform

Online payments platform Payset is gearing up for European expansion after signing on for Thought Machine's cloud-native technology.

Investor calls on Temenos to oust CEO

/people

Investor calls on Temenos to oust CEO

Investor Petrus Advisers has called on Swiss core banking vendor Temenos to fire "out of his depth" CEO Max Chuard immediately and for chairman Andreas Andreades to resign.

Money20/20 US: Anchorage launches full-stack crypto offering

/crypto

Money20/20 US: Anchorage launches full-stack crypto offering

Anchorage today unveiled the launch of ‘Build With Anchorage’ at Money20/20 in Las Vegas. A full-stack infrastructure offering that facilitates crypto payment gateways, structured financial products, and crypto investing, the service will enable fintechs, payments firms and banks to design and embed a full crypto product lifecycle via Anchorage APIs.

NatWest to launch BaaS business in UK

/cloud

NatWest to launch BaaS business in UK

UK high street bank NatWest has teamed up with European software vendor Vodeno Group to launch a Banking-as-a-Service (BaaS) business for the UK market.

Sibos 2022: India’s regional banks – the state of play

/cloud

Sibos 2022: India’s regional banks – the state of play

Ahead of Sibos 2022, Finextra spoke to Baldev Prakash, managing director and CEO of one of the oldest private sector banks in India, Jammu & Kashmir Bank, about their technology roadmap, the subcontinent’s economic recovery and the geopolitical implications of the Russia-Ukraine conflict despite being a smaller bank.

CSI to go private in $1.6bn deal

/retail

CSI to go private in $1.6bn deal

Fintech and regtech outfit Computer Services Inc is set to go private after agreeing to be bought by investment firms Centerbridge Partners and Bridgeport Partners for around $1.6 billion.

Finextra announces inaugural Financial Cloud Summit

/cloud

Finextra announces inaugural Financial Cloud Summit

Finextra is pleased to announce the launch of its inaugural Financial Cloud Summit, set to take place in early 2023.

Financial software provider Savana raises $45m

/cloud

Financial software provider Savana raises $45m

Savana, a financial software player that helps banks and fintechs go digital, has raised $45 million in a Series A funding round led by growth-stage investor Georgian.

Banks choosing to build and not buy tech, suggests survey

/wholesale

Banks choosing to build and not buy tech, suggests survey

Corporates' demands for digital services are leading a majority of corporate banks to look in-house when building their technology stack, according to recently published research.

Oxbury raises £20m for AgTech core platform

/sustainable

Oxbury raises £20m for AgTech core platform

Agricultural challenger bank Oxbury has raised £20 million to continue the development of its proprietary AgTech core platform.

Minna Bank hits 1 million app downloads in first year

/cloud

Minna Bank hits 1 million app downloads in first year

Minna Bank, Japan’s first digital bank, has notched up over 1 million app downloads, and over 400,000 new accounts in their first 12 months.

Thought Machine launches cards and payments processing platform

/cloud

Thought Machine launches cards and payments processing platform

UK core banking vendor Thought Machine has launched a cloud-native cards and payments processing platform.

M1 migrates to Thought Machine

/retail

M1 migrates to Thought Machine

Uk core banking vendor Thought Machine continues to make inroads in the US, signing SoftBank Vision-backed financial super app, M1, as its latest client.

Thought Machine doubles valuation to $2.7 billion

/retail

Thought Machine doubles valuation to $2.7 billion

UK core banking vendor Thought Machine has doubled its valuation to $2.7 billion on a $160 million funding round led by Singapore's Temasek with support from a clutch of top tier banks.

Westpac to build new institutional platform with 10x Banking

/wholesale

Westpac to build new institutional platform with 10x Banking

Westpac has commenced work on a new transactional platform for institutional clients and is looking to UK-based technology provider 10x Banking to provide the core technology.

Santander migrates 80% of IT infrastructure to the cloud

/cloud

Santander migrates 80% of IT infrastructure to the cloud

Banco Santander has used bespoke, in-house developed software to digitise its core banking platform, already migrating 80% of its IT infrastructure to the cloud.

Private equity firms eye up Temenos

/retail

Private equity firms eye up Temenos

Private equity firms EQT and Thoma Bravo are reportedly exploring potential bids for Swiss core banking outfit Temenos.

Estonia's LHV Group invests in core banking startup Tuum

/startups

Estonia's LHV Group invests in core banking startup Tuum

Estonian financial services outfit LHV Group has invested €1 million in Tuum, its core banking platform provider.

Finastra teams up with EcoTree to provide a green offering for banks

/sustainable

Finastra teams up with EcoTree to provide a green offering for banks

Finastra has teamed up with sustainable forestry company EcoTree to provide banks with a means to remove the carbon footprint associated with both the running and implementation of its technology.

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