Latest Core banking systems News: Finextra Research

Company update/cloud

Yemen's KIB selects temenos Infinity and Transact to replace legacy IT

Temenos (SIX: TEMN), the banking software company, today announced that Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its legacy IT systems and deploy a single, cloud-native, cloud-agnostic digital banking platform to underpin its banking operations.

21 April 2020

News/payments

Size does matter for banks tackling ISO 20022 migration

With a new migration date set for November 2022, Swift’s community must be prepared to adopt the data-rich ISO 20022 for cross border payments in under 24 months. The deadline delay proves just how challenging this project has been for financial institutions across the payments landscape.

15 April 2020

Research/Core banking systems

How to Adopt SWIFT gpi by the 2020 Deadline - Build, Buy, Outsource or Collaborate?

08 April 2020 693 downloads

Company update/retail

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path Solutions, the software specialist for the Islamic financial services industry, in which Path will provide the front-to-back iMAL suite for retail, commercial and corporate banking to be implemented as AGB’s new core banking and channels platform.

06 April 2020

News/startups

Digital banking service One picks Finxact core system

One, the middle class-focused digital banking startup founded by former PayPal and Intuit CEO Bill Harris, has selected SaaS-based core banking outfit Finxact to power its service.

31 March 2020

Company update/retail

Personetics joins Avaloq.one ecosystem

Avaloq and Personetics are entering into a strategic partnership to connect Avaloq’s global banking clients with Personetic’s AI-powered personalized engagement solutions.

24 March 2020

News/security

Finastra brings servers back online

Finastra has powered up servers that were brought offline at the tail-end of last week following a possible ransomware attack.

23 March 2020

Company update/retail

Path Solutions signs Somalia's MyBank to iMAL core

Path Solutions announced today that it had signed up MyBank Ltd., its second banking client for iMAL in Somalia, and indicated a stronger focus on the Somali market for Sharia-compliant software solutions and services to tackle financial exclusion in the country.

23 March 2020

Company update/retail

Al Wifaq International Islamic Bank selects ICSFS core banking package

Al Wifaq International Islamic Bank for Investment and Finance, a newly established bank in Iraq, has selected the most holistic Islamic banking software; ICS BANKS ISLAMIC from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to start its Islamic operations in Baghdad, Iraq.

16 March 2020

Research/Core banking systems

The Irish Banking Ecosystem, Interconnection and the Speed of Change

16 March 2020 413 downloads

Company update/payments

Jack Henry integrates with SilverLake core platform to streamline accounts receivable financing

Jack Henry & Associates, Inc. announced that BusinessManager has been fully integrated into the SilverLake System core platform to streamline accounts receivable (A/R) financing.

10 March 2020

Company update/Core banking systems

Nimble picks Mambu for pivot to mainstream digital banking

Nimble, a leading provider of unsecured credit in Australia, has selected Mambu’s market-leading, pure SaaS solution as its new banking technology platform as the company looks to commence its evolution to ultimately offer mainstream digital banking services.

10 March 2020

Company update/Core banking systems

Community Bank, Bangaldesh goes live on Infosys Finacle

Community Bank, among the newest scheduled banks in Bangladesh, and Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), today announced the successful implementation of the Finacle Core Banking Solution at the bank, in just 48 days.

09 March 2020

Company update/Core banking systems

FirstBank enlists Finxact for new digital services

Finxact, the emerging leader in Core-as-a-Service banking, today announced that FirstBank, one of the largest privately held banks in the United States with over $19 billion in assets and 119 locations throughout Colorado, Arizona, and California, will launch new digital banking products and services on the Finxact Core.

06 March 2020

News/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

06 March 2020

Company update/Core banking systems

Mambu gets Nimble

Nimble, a leading provider of unsecured credit in Australia, has selected Mambu’s market-leading, pure SaaS solution as its new banking technology platform as the company looks to commence its evolution to ultimately offer mainstream digital banking services.

06 March 2020

Company update/Core banking systems

Temenos Quantum integrates with Explainable AI platform

Temenos (SIX: TEMN), the banking software company, today expanded its Temenos Quantum market-leading multiexperience development platform (MXDP), giving businesses greater control of their digital transformation and allowing them to offer smarter, AI-powered digital experiences.

05 March 2020

News/Core banking systems

Temenos selected as core provider for Bank of Queensland tech rebuild

The Bank of Queensland has selected Temenos as the core banking supplier for its $440 million full stack tech rebuild.

05 March 2020

Company update/Core banking systems

Vantage Bank Texas selects Backbase digital platform

Founded in 1923, Vantage Bank Texas (Vantage) — the family-owned community bank operating across Texas and Mexico — today announced that it has selected Backbase’s digital platform to develop dynamic user journeys across its entire client base.

05 March 2020

Company update/cloud

NH Mutual Bancorp moves to the cloud with Jack Henry

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that New Hampshire Mutual Bancorp’s (NHMB) three banks have either recently migrated or will be migrating to the cloud hosted SilverLake System® core platform to boost efficiencies and support future growth across each institution.

03 March 2020