FIS says it is on pace to have a record year for sign-ups to its core banking offering. It’s a trend driven by “competitive takeaways” and greater traction in the community banking sector, Stephanie Ferris, CEO of the financial services technology provider company, said on an earnings call Wednesday...
There’s a misperception about bankers and banking. That misperception is that money — in all its forms — is the most important asset. The reality is that customers are the most important asset, because if there are no customers there is no money. And financial...
For traditional financial services players, core banking beckons as a way to enable other financial firms — banks and FinTechs included — to set up embedded payments, instant payments and lending. And microservices are in the mix. The basic building blocks of banking — setting...
Mastercard and Thought Machine have expanded their partnership to deliver payments and core banking capabilities to financial institutions worldwide. This collaboration brings together Mastercard’s global network and digital solutions and Thought Machine’s cloud-native core banking and payments platform, the companies said in a Monday (June...
October 02, 2024
Recent announcements and partnerships have shown core banking’s appeal — not just for traditional FIs, but FinTechs too — as anti-money laundering (AML) efforts must scale and move into real-time functionality, ideally automated, to monitor real-time transactions. Struggling with the Legacy Systems Generally speaking, core banking providers help FIs upgrade their back-end processes and move […]
June 27, 2024
There’s a misperception about bankers and banking. That misperception is that money — in all its forms — is the most important asset. The reality is that customers are the...
March 18, 2024
Embedded payments, embedded lending and a continuing shift to virtual cards all demand a reconsideration of technical infrastructure. Banks, grappling with legacy back-end systems, and FinTechs, seeking to innovate within...
August 07, 2024
FIS says it is on pace to have a record year for sign-ups to its core banking offering. It’s a trend driven by “competitive takeaways” and greater traction in the community banking sector, Stephanie Ferris, CEO of the financial services technology provider company, said on an earnings call Wednesday (Aug. 7). “In fact, for the first half of 2024, […]
June 17, 2024
Mastercard and Thought Machine have expanded their partnership to deliver payments and core banking capabilities to financial institutions worldwide. This collaboration brings together Mastercard’s global network and digital solutions and...
March 14, 2024
Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key...
February 06, 2024
Core banking platform Tuum has raised $26 million to expand to new parts of Europe. The Estonian company’s Series B funding round, announced Tuesday (Feb. 6), will allow the company to target new...
