Core banking systems

125 articles tagged with this keyword

/retail

Tech Mahindra taps Temenos to offer core banking service specifically designed for EMIs

Temenos (SIX: TEMN) today announced it has signed an agreement with Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions, for Tech Mahindra to provide a core banking offering on Temenos SaaS specifically designed for Electronic Money Institutions (EMIs) in the UK and Europe.

/people

Mambu hires Mark Geneste as chief revenue officer

Mambu, a leading cloud banking platform, announces the appointment of Mark Geneste as Chief Revenue Officer to lead its commercial team.

/payments

Why Flexibility is Paramount to Core Banking Transformation

Join FinextraTV at the Temenos Community Forum 2024 as Rodrigo Silva, Executive Vice President, Americas, Temenos, and Charles Kim, EVP & CFO, Commerce Bank, explore the path towards digital transformation and the challenges that both organisations had to overcome. The duo delve deep into the journey undertaken to update 30+ year old core banking systems across the business because they no longer met the bank's needs, due to their inflexibility. Starting with customer service and deposit systems, they highlighted that the next stage of the process was to transform private banking and lending, where flexibility was needed when underwriting loans. Core banking transformation can also support the wealth segment, where there is more complexity and compliance needs to be kept pace with.

/retail

Q2 and Personetics to drive innovation at Avidia Bank

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, announced today that Massachusetts-based Avidia Bank has selected Q2 to modernize and enhance its digital banking experience for its customers.

/cloud

Tuum joins AWS Marketplace

Tuum, a leading next generation core banking platform, is pleased to announce the strengthening of its ongoing partnership with Amazon Web Services (AWS).

/people

Finom appoints ex-Revolut Rob Allen as head of sales

FINOM, the leading European digital banking solution for SMEs and Entrepreneurs, has announced the appointment of Rob Allen as its new Head of Sales.

/wholesale

Mashreq to expand global reach with oracle

Mashreq, a leading financial institution in the MENA region, announced today that it has extended its relationship with Oracle Financial Services to support its growth globally.

/retail

Canada’s Haventree Bank selects Temenos

Temenos (SIX: TEMN), the banking software company, today announced that Haventree Bank, a federally regulated Schedule 1 bank in Canada, has selected Temenos to support its digital transformation and business growth.

/payments

Payset adopts the full Thought Machine stack

Thought Machine, the cloud-native banking technology company, today announces that Payset will deploy Vault Payments, Thought Machine’s cloud-native payments processing platform.

/retail

German digital bank C24 extends relationship with Mambu

Mambu, a leading cloud banking platform, and C24 Bank, a fully regulated and BaFin-approved bank have announced an extension to their ongoing partnership following a successful initial launch of the greenfield digital retail bank.

/retail

Canadian credit union Vancity signs seven-year deal with Intellect design Arena

Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banks, credit unions and insurance companies, announces a pioneering partnership with Vancity, Canada’s largest community credit union.

/retail

Bank Midwest launches digital offshoot using technology from Finastra

Finastra today announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community.

/people

Backbase appoints Chris Shayan as head of artifical intelligence

Backbase, the creator of the Engagement Banking Platform announces the appointment of Chris Shayan as the new Head of Artificial Intelligence.

/payments

Instant Payments and the Opportunity for New Technology Strategies

Daragh Kirby, Head of Sales & Marketing, Intercope, speaks at EBAday 2024, about how instant payments allows banks to no longer use cumbersome core banking systems to process transactions – whether it be SEPA, cross-border or RTGS payments. We explore how financial institutions are now looking to more suited technologies so instant payments can be made in a leaner way and with lower latency, to support meeting regulation timelines and reap the rewards that are available with faster transactions.

/retail

Spanish microlender Dineo Crédito migrate to Mambu core platform

Dineo Crédito, Spanish microlender part of the international retail leader Cash Converters group, has entered a partnership with Mambu, the leading cloud banking platform.

/payments

EBAday 2024: Instant payments and generative AI will be the most impactful for the industry

Digitisation and the advantages that are available through modern technology were core topics for the afternoon sessions at EBAday in Lisbon, Portugal.

/payments

SEPA Instant Mandate: Racing to European Banking transformation

Ainsley Ward, Vice President at CGI, and Global Business Development lead for CGI’s Payments Solutions, sheds light on European Parliament's SEPA Instant Mandate and the 9th of January 2025 deadline for Eurozone banks. With the Federal Reserve's FedNow initiative connecting 400 banks in a year underscoring varying market readiness, challenges still persist. We discuss alternatives found in new technologies and scepticism over universal compliance in anticipation of EBAday, where stakeholders can converge to navigate regulatory complexities and seek solutions in this digital era.

/wholesale

Nexi and Engineering Group collaborate to develop corporate digital banking package

Nexi, the leading European PayTech, and Engineering Group, international leader in the digitalization of processes for businesses and Public Administration, will develop a business partnership in digital banking and give life to NOVA, a technology platform designed for different business segments from SMEs to Large Corporate, characterized by a configurable service portfolio and a modular, natively open and cloud-oriented architecture.

/cloud

Thought Machine becomes Mastercard core banking partner

Thought Machine has become Mastercard's first strategic end-to-end core banking partner, with the pair offering their combined capabilities to financial institutions looking to modernise their technology stacks.

/cloud

Santander to take in-house-built tech platform global

As it rolls out a cloud-based in-house-built technology platform in the US, Spanish banking giant Santander is already planning to introduce the system around the world.