Post Tagged with: "Core Banking"

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 Core transactional systems are commonly derided as being outdated and slow, yet they are rock-solid for what they do, such as maintaining an accurate record of how much money is in your account.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

Legacy Systems Prevent Banks From Delivering on Digital Promises

Legacy Systems Prevent Banks From Delivering on Digital Promises

by June 1, 2015 at 9:48 am 2 comments

While the giants of the digital world are achieving new successes on flexible architectures, banks are falling further behind on their legacy systems. Legacy systems are one of the biggest barriers keeping banks from imitating the digital experiences provided by the likes of Apple, Google, and Amazon. These companies deliverRead More

Umpqua Completes Core Update

Umpqua Completes Core Update

by April 17, 2015 at 10:58 am 1 comment

Umpqua has a brand-new core. The Portland, Ore.-based Umpqua Holdings Corp. said yesterday that it had completed its core upgrade, which was first announced last summer. The core upgrade included the integration of core systems from Sterling Financial Systems, which Umpqua acquired in April 2014, making it, Umpqua said, the West Coast’s largestRead More

The Core Is All Right [Video]

The Core Is All Right [Video]

by April 10, 2015 at 11:49 am 0 comments

They’re everywhere, outdated bank cores — and that may be ok. We all know about the problems with outdated cores running Mad Men-era software, and a few bold banks, notably BBVA Compass, have installed new cores running modern software. IBM Banking released a video last week discussing the problems with legacyRead More

Fiserv Scores Major Win by Signing Washington Federal

by February 5, 2014 at 11:57 am 0 comments

Washington Federal, the largest bank in Washington State, selected Fiserv‘s DNA account-processing platform, Fiserv announced today. The DNA platform, which includes an innovative app store for Fiserv customers, was originally put together by Open Solutions, acquired by Fiserv one year ago. “Our partnership with Fiserv is a transformational, long-term investmentRead More