Core banking systems

2237 articles tagged with this keyword

/retail

Duca Financial Services Credit Union signs with Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that DUCA Financial Services Credit Union Ltd. (DUCA), based in Toronto, has selected Fiserv for core account processing to modernize operations, better serve members, gain efficiencies and increase overall agility.

/cloud

Voyager Alliance Credit Union chooses TCS' Cloud for Core Banking platform

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has announced that Manchester-based Voyager Alliance Credit Union has selected TCS BaNCS™ Cloud for Core Banking as the core platform for its digital transformation.

/Core banking systems

Santander UK adopts nCino Bank Operating System to replace 13 legacy systems

nCino, the worldwide leader in cloud banking, today announced that Santander UK, one of the largest retail and commercial banks based in the UK, has adopted nCino's Bank Operating System to replace manual processes and 13 disparate legacy systems in favour of a single, end-to-end solution spanning the SME, Corporate and Commercial Bank.

/Core banking systems

Avaloq continues London expansion with two senior hires

Avaloq, the global fintech leader, has hired two senior individuals for its London office to help cater for strong demand in the UK for the firm’s Software as a Service (SaaS), Business Process as a Service (BPaaS) and on-premise solutions for UK private banks and wealth managers.

/ai

Q2 taps Socure for ID verification

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced its partnership with Socure to deliver best-in-class digital identity verification and fraud protection capabilities through Q2 Open’s CorePro, an agile, cloud-based core processor and system of record.

/cloud

Temenos completes acquisition of Kony Inc

Temenos (SIX: TEMN), the banking software company, today announced that the acquisition of Kony Inc, the fast growing US #1 digital banking SaaS company has now closed.

/ai

Microsoft releases report on FSI's readiness in AI across APAC

Today, Microsoft Asia and IDC Asia/Pacific released findings specific to the Financial Services Industry (FSI) from the study Future Ready Business: Assessing Asia-Pacific’s Growth with AI1, which found that organizations with AI expect to see 41% improvement in competitiveness in three years.

/Core banking systems

Sibos 2019: How to innovate beyond open banking

Spotlight sessions at Sibos 2019 in London had one key message: change is the only constant in open banking. Lisa Robins, global head of transaction banking at Standard Chartered, kicked off afternoon keynotes at the Excel Centre by comparing how Shazam solves the problem of forgetting the name of songs to how open banking has disrupted the financial services industry.

/Core banking systems

Swiss fintech neon closes 5mn series A financing

Zurich-based fintech neon has successfully closed its next financing round of 5mn CHF for further product expansion.

/Sibos

Tribe Payments sandbox goes live

Tribe Payments, a team of industry experts dedicated to delivering the future of payments, today announces its payments sandbox environment.

/Core banking systems

Incumbents vs neobanks: Leverage new technology or risk crumbling

Financial institutions are focusing heavily on digital transformation driving innovation, better customer experience and cost reduction as they shift gears from simply meeting regulatory and compliance needs to remain relevant in a digital world.

/ai

Finantix appoints business development director in Switzerland

Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, has appointed Jérôme Vasamillet to further grow its presence in Switzerland.

/Core banking systems

With AI and cloud, legacy systems no longer impede real-time intraday liquidity

The BCBS28 monitoring requirement asks banks to gather, process and report on a significant amount of data on a monthly basis. Finextra spoke to industry experts Richard Morris, product manager, cash and liquidity management at SmartStream; Henrik Lang, head of global liquidity, global transaction services, Bank of America Merrill Lynch and Daniel Moon, a risk consultant with over 10 years of liquidity risk experience about how technology can prevent legacy systems from impeding the progress of real-time intraday liquidity.

/Core banking systems

Velocity Credit Union moves to Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Velocity Credit Union, based in Austin, Texas, has selected Fiserv as a key technology provider as the credit union diversifies into business services and automates processes.

/Core banking systems

Ohpen and Virtual Affairs unbox white label bank and wealth management suite

Core banking provider Ohpen and international software and services provider Virtual Affairs announce a jointly developed out-of-the-box bank and wealth manager.

/retail

First National Bank and Trust Company signs for Finastra Fusion Phoenix

First National Bank and Trust Company (FNBT), headquartered in Beloit, WI, with 16 locations in Wisconsin and Illinois and approximately $1.2 billion in assets, has selected the Fusion Phoenix core banking platform and a suite of solutions from Finastra.

/cloud

Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

/startups

Epiphany banking tech platform ready for user testing; wins Sistemi Informativi deal

Epiphany, the full-stack digital banking start-up, founded in Italy and operating globally, has two major announcements this week.

/Core banking systems

Avaloq ships Cost and Fee module

Avaloq, a global fintech leader, has launched a unique data analytics solution for banks and wealth managers to quickly gain transparency on the impact of bespoke pricing for individual clients, thus supporting financial institutions to improve the overall client experience.

/Core banking systems

Ambitious P27 project grows team for next phase

Nordic bank-backed P27 is undertaking a recruitment drive as it puts together the building blocks for a proposed 2021 go-live of its real-time, cross-border payment project.