Core banking systems

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Is RegTech encouraging a cloud revolution?

/cloud

Is RegTech encouraging a cloud revolution?

The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation.

/Core banking systems

Asian fintech startup, Cheers Paytech, chooses Mambu as core banking system

Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth.

/Core banking systems

New Zealand's TSB goes live with Temenos Infinity for online account opening

Temenos (SIX: TEMN), the global banking software company announces that New Zealand bank TSB has gone live with Temenos Infinity for online account opening and onboarding in just nine weeks.

Finastra sells cloud-based core model to regional startup revverbank

/Core banking systems

Finastra sells cloud-based core model to regional startup revverbank

Revverbank, a Manchester-based new bank for regional businesses and savers in the UK, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities.

/Core banking systems

Busey bank selects Jack Henry SilverLake core

Jack Henry & Associates announced today that Champaign, Ill.-based Busey Bank, and holding company First Busey Corporation, has selected the SilverLake System in an outsourced environment to support the institution’s strong growth with open architecture, improved workflows and enhanced digital capabilities.

/Core banking systems

Kaleyra and Epiphany form Open Banking partnership

Kaleyra, an international leader in mobile messaging services for banks and companies of all sizes, and Epiphany, a technology start-up born in Italy and operating globally, specialised in digital banking solutions that “open up” open banking, have signed a partnership agreement to jointly support banks in their digital transformation efforts, from basic PSD2 compliance to delivering new banking experiences, to enabling core banking modernization.

Temenos buys Explainable AI firm Logical Glue

/ai

Temenos buys Explainable AI firm Logical Glue

Swiss banking software provider Temenos has acquired Logical Glue, a London-based Explainable AI (XAI) specialist with financial services customers in the UK and Europe. Financial terms were not disclosed.

/security

Avaloq integrates with OneSpan fraud-fighting software

OneSpan (NASDAQ: OSPN), a global leader in software for trusted identities, e-signatures and secure transactions, today announced that Avaloq, a global fintech leader and provider of software as a service (SaaS) and business process as a service (BPaaS) solutions to financial institutions processing more than $4.5 trillion in assets, has integrated OneSpan solutions into its cloud-based banking platform.

/Core banking systems

South African microfinance institution Barko selects Temenos to replace legacy core

Temenos (SIX: TEMN), the banking software company, today announces that Barko Financial Services selected Temenos software to replace its legacy systems, in both core and front office, to offer a compelling and personalized customer experience.

/ai

Finantix components deployed by HSBC private bank

Finantix, a leading supplier of transformational software to the wealth management, insurance and private banking industries globally, today announced that Finantix Components have been deployed by HSBC Private Banking as it launches a new global client wealth management portal for its clients.

/retail

SunTec unveils Xelerate Digital Core

SunTec, the leader in revenue management and customer experience orchestration, announced the launch of Xelerate® Digital Core – an extremely low risk approach for banks to accelerate their Digital transformation journey, without having to replace their functionally stable legacy core systems.

/Core banking systems

Bank of Kigali signs with Temenos

Bank of Kigali Plc has selected Temenos (SIX: TEMN), the banking software company, to power its digital transformation journey in order to support its regional growth plans and realize its financial inclusion objectives.

/retail

Tata CS completes first phase of Scottish Widows transformation project

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT, consulting and business solutions organisation, has crossed a major milestone by successfully completing the first phase of implementation of the TCS BaNCS Insurance Platform as part of a business transformation programme for Scottish Widows, the life and pensions arm of Lloyds Banking Group.

/wholesale

Bank of Thailand goes live with SimCorp Dimension

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announces that The Bank of Thailand, the country’s central bank with USD 226 billion in reserves, has successfully implemented and is live on SimCorp Dimension

Deutsche Bank to spend €13bn on tech amid massive job cuts

/Core banking systems

Deutsche Bank to spend €13bn on tech amid massive job cuts

Deutsche Bank has announced swingeing job cuts as part of a radical overhaul of its operations that will also see it spend €13bn on new technology over the next four years.

/retail

NCino opens Toronto office

NCino, the worldwide leader in cloud banking, today announced it has established a new office in Toronto to better support the adoption of the nCino Bank Operating System within Canadian financial institutions.

/Core banking systems

Jack Henry acquires Geezeo

Jack Henry & Associates, Inc.® (NASDAQ: JKHY) today announced the acquisition of Geezeo, a Boston-based provider of retail and business digital financial management solutions.

/Core banking systems

Avaloq appoints new head of sourcing and sales lead

Mathias Schütz is to take over as Avaloq’s Country Head for Switzerland and the Principality of Liechtenstein from mid-August.

/cloud

Zafin and DXC form alliance

DXC Technology, the world’s leading independent, end-to-end IT services company, and Zafin, a leading provider of product and pricing control solutions for financial institutions, have entered into a collaboration that will enable DXC’s core banking clients to make a strategic response to the changing demands of the marketplace.

/payments

Bank of Mongolia to drive digital transformation with Intellect Design Arena

Chennai-based, Intellect Design Arena informed the exchanges that the company will implement Quantum Central Banking Solution for the Bank of Mongolia, the Central Bank of Mongolia, on Monday.

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