Post Tagged with: "Core Banking"

How Traditional and Emergent Fintech Could Converge and Change Finance

How Traditional and Emergent Fintech Could Converge and Change Finance

by December 7, 2016 at 12:05 am 2 comments

  Traditional Fintech is so boring – and so profitable. The question is whether these vendors will use some of those profits to transform themselves or let nimble startups with modern technology and new business models eat their lunch.  Two years ago, in December 2014, we took a look atRead More

Chrome Credit Union Looks to the Future with Nymbus Core

Chrome Credit Union Looks to the Future with Nymbus Core

by December 2, 2016 at 12:30 pm 1 comment

A small credit union in western Pennsylvania is making an investment that would strike fear into the hearts to bankers everywhere: core replacement. Washington, Pa.-based Chrome Federal Credit Union — formerly Washington Community Federal Credit Union — is replacing its Jack Henry Symitar system with a core from Nymbus, the splashyRead More

Marcus by Goldman Sachs: The Digital Shift from Wall Street to Main Street [SPONSORED]

Marcus by Goldman Sachs: The Digital Shift from Wall Street to Main Street [SPONSORED]

by December 2, 2016 at 11:07 am 1 comment

The personal lending space in the United States, conservatively estimated to be around $3 trillion in 2016, is seeing continued disruption. One of the latest innovative offerings in the lending space comes from a traditional investment bank: Goldman Sachs has looked to expand its presence in the retail banking spaceRead More

Back Office 2.0 using Blockchain promises Business Process Elimination (BPE)

Back Office 2.0 using Blockchain promises Business Process Elimination (BPE)

by September 24, 2016 at 1:00 am 0 comments

Image source That is why the Blockchain session at SIBOS Singapore last year was standing room only and at SIBOS Geneva next week I counted 10 sessions with Blockchain as the primary theme (it will probably be mentioned in at least half the sessions).  This is the year when BlockchainRead More

The Fintech Threat Is Real

The Fintech Threat Is Real

by August 30, 2016 at 9:00 am 2 comments

It may come as a surprise to many of us that consumers are generally satisfied with their banking relationships. However, this doesn’t mean that banks have nothing to worry about. Alternative providers and FinTech companies present a double-edged risk to traditional banks. First, there is the eminent danger of aRead More

Deloitte Taps Blockchain Startups to Build New Core Banking System

Deloitte Taps Blockchain Startups to Build New Core Banking System

by May 3, 2016 at 12:08 pm 6 comments

The accounting giant Deloitte partnered with five blockchain startups to build a new core banking system, and offer blockchain solutions to companies worldwide, the company announced this morning. The partnership with startups BlockCypher, Bloq, ConsenSys Enterprise, Loyyal, and Stellar is yet another effort for Deloitte to push the blockchain technology into real-worldRead More

Building the Framework for the Future of Banking

Building the Framework for the Future of Banking

by October 20, 2015 at 12:35 pm 1 comment

Technology innovation seems to be moving at warp speed – but in the eyes of banking customers, it’s simply the speed of life. Real-time alerts, mobile everything and a consistent experience across every channel are now expected. Financial institutions are challenged to keep up while balancing spending and even reducingRead More

Breaking the Ball & Chain of Core Banking

Breaking the Ball & Chain of Core Banking

by September 24, 2015 at 10:34 am 1 comment

It may be time to rethink the core. Core transactional systems are commonly derided as being outdated and slow, yet they are rock-solid for what they do, such as maintaining an accurate record of how much money is in your account. Oh yeah, that. At Finovate last week, two vendors discussed plans forRead More

Bankjoy Is Building an Apple Watch App Centered On … Voice

Bankjoy Is Building an Apple Watch App Centered On … Voice

by September 1, 2015 at 10:38 am 0 comments

Listen to this: Bankjoy, the Y Combinator alum startup, is hotly working on a banking app for Apple Watch that will rely on voice for functionality. Dick Tracy would be thrilled. Michael Duncan, the founder and CEO of Bankjoy, told us yesterday that the Apple Watch app will be doneRead More

In Spending Mode, Discover’s Direct Bank Expenses Climb 18%

In Spending Mode, Discover’s Direct Bank Expenses Climb 18%

by July 24, 2015 at 11:19 am 0 comments

Discover Financial Services might be the major FI most engaged in spending on information technology today. Which is why it is worth noting that the company claims it is already “seeing good returns associated with those” spending efforts, according to R. Mark Graf, the credit card issuer’s chief executive officer andRead More