Core banking systems

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Temenos makes two leadership appointments in the US

Temenos, the banking software company, today announced two key executive appointments to accelerate business growth and capture the market opportunity in SaaS and in the US.

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

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Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Narendra Mistry, CPTO of Universal Banking at Finastra, emphasises that banks must adapt quickly to evolving technology and customer expectations. Success lies in implementing efficient core banking systems, that enable innovation at scale and at pace, while navigating AI and data with a focus on mindset and business services. Lean systems, like those of neo and digital-only banks, are good, but long-term growth requires a clear vision, a strong culture and breadth of capabilities. For established banks with pre-existing infrastructures, symbiosis – where next gen solutions are deployed alongside existing solutions – can offer a fast way to deliver outstanding experiences, stay ahead of competitors and, when appropriate, ease transitions.

Adapting to change: How financial institutions can revolutionise core banking systems

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Adapting to change: How financial institutions can revolutionise core banking systems

Siobhan Byron, EVP of Universal Banking at Finastra, discusses how innovation is not just limited to the neo and startup banks, indeed established banks are combining the move-fast philosophies of the emerging players with their own considerable assets. The conversation highlights the need for financial institutions to have a clear vision and strategy, find the right pace and technology for transformation, avoid high-risk methods, outline the challenges of losing market share, talent, and the ability to meet future needs if institutions fail to stay current and innovative.

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First Global Bank rolls out Profile Finuevo Suite

Profile, a leading international financial solutions provider, has announced the implementation of its Smart Banking solution, Finuevo Suite, at First Global Bank.

The Importance of ESG when Choosing a Technology Provider

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The Importance of ESG when Choosing a Technology Provider

Join FinextraTV at the Temenos Community Forum 2024 as Kalliopi Chioti, Chief ESG Officer, Temenos and Christian Sarafidis, Chief Executive, EMEA Financial Services, Microsoft, dive deep into how choosing the right provider and right partner is crucial for ESG. With increasing pressure coming to the fore from regulators, organisations have no choice but to consider their reputations. This journey cannot be completed alone, so partners are of paramount importance, in addition to technologies such as cloud and AI to drive sustainability efforts.

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Thought Machine and Quantifeed join forces for private banking drive

Thought Machine, the cloud-native banking technology company and Quantifeed, the leading provider of digital wealth management solutions, today announce a new partnership which brings together their joint capabilities to service the private banking sector worldwide.

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Temenos integrates Visa Direct with Payments Hub

Temenos (SIX: TEMN), the banking software company, today announced a collaboration with Visa, a world leader in digital payments, to integrate Visa Direct, a Visa money movement solution, with Temenos Payments Hub and make available to banks via Temenos Exchange, the Temenos ecosystem of partner solutions.

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Octo3 and EVS come together to Form FTS.Money

In a pioneering move, Octo3, a leading financial technology firm, and Evantagesoft (EVS), a renowned banking technology solutions provider, have established FTS.Money (FTS).

What African Banks are Prioritising Today

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What African Banks are Prioritising Today

Join FinextraTV at the Temenos Community Forum 2024 as Lee Allcorn, Managing Director, MEA, Temenos and Deribie Asfaw, President, Cooperative Bank of Oromia talk about the priorities for banks across the African continent and the speed at which business and innovation operates here. Today, clients are prioritising trust, security and ensuring that their investments are as risk-free as possible. In addition to this, providing services to those that are unbanked and underbanked in a low cost manner continues to be an issue to be resolved. The conversation also turns to scalability, as financial institutions in Africa look to reach new channels and new markets.

Core Banking Transformation: Enabling Future Growth at a Systemic Bank

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Core Banking Transformation: Enabling Future Growth at a Systemic Bank

Join FinextraTV at the Temenos Community Forum 2024 as Mick Fennell, Business Line Director - Payments, Temenos and Serge Munten, Head of Transformation, Banque Internationale à Luxembourg discuss their digital transformation project and the obstacles the bank faced when modernising core banking and payments capabilities. Scoping out the project, it is explored how BIL decided to completely revisit their IT landscape to enable the bank to manage higher transaction volumes, keep up with changing regulations and drive future growth.

Considering Cloud? Here are the options for banks

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Considering Cloud? Here are the options for banks

Join FinextraTV at the Temenos Community Forum 2024 as Tony Coleman, Chief Technology & Innovation Officer, Temenos and Keith Lynch, Head of Enterprise Business, EMEA, Red Hat dive deep into why choice remains a fundamental tenet for the banking industry and how cloud migration is no exception. A bank in 2024 has many options, whether it is moving to public cloud, where technology stacks are supported by hefty players such as AWS or Azure, for example, or working with SaaS providers. The conversation also shifts to expanding on the benefits of private cloud where cloud-like deployments are established. The advantages of hybrid cloud are also prevalent, where one technology stack can run across multiple footprints, allowing organisations to build an app once, but deploy it everywhere with open source technology.

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Amadeus subsidiary Outpayce contracts with Mambu for B2B digital wallet

Outpayce, an eMoney institution with a license in Spain, has selected Mambu’s cloud banking platform to launch its multi-currency digital wallet offering to simplify the end-to-end travel payments experience.

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First Federal Bank of Kansas signs with Jack Henry

Jack Henry™ (Nasdaq: JKHY) announced today that First Federal Bank of Kansas City (FFBKC) has selected Jack Henry for growth and innovation.

Ethos partners Thought Machine for Shariah-compliant banking services

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Ethos partners Thought Machine for Shariah-compliant banking services

A new digital financial services provider, called Ethos, has launched in the UK to offer Shariah-compliant services to Muslims.

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Handelsbanken Norway extends Tietoevry Banking deal

Handelsbanken Norway has entered into a new agreement with Tietoevry Banking for the delivery of a complete solution portfolio, including core banking, card and payment solutions, wealth management, as well as solutions for combating financial crime.

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Plumery and Fimple forge challenger bank technology pact

Plumery, a digital banking experience platform for true customer-centric banking, and Fimple, a next-generation core banking provider, have joined forces to offer challenger and incumbent banks a comprehensive suite of digital banking features, ranging from digital experience to core banking.

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Flexys and Tuum join forces

Flexys, makers of leading debt management software, and Tuum, an innovative core banking provider, are joining forces.

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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.

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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.

Why Flexibility is Paramount to Core Banking Transformation

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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.

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