Core Systems

Incumbent Banks Face Challenges in Launching Digital Banking Spin-Offs
Lending & Investment Incumbent Banks Face Challenges in Launching Digital Banking Spin-Offs

The financial landscape is undergoing rapid transformation, with traditional banks increasingly launching digital banking spin-offs to compete with fintech disruptors. Establishing these new digital arms, however, comes with a unique set of challenges. From legacy systems and outdated business

July 23, 2024
How Will Affinity CU and Mahalo Transform Digital Banking Together?
Lending & Investment How Will Affinity CU and Mahalo Transform Digital Banking Together?

The financial landscape is experiencing a significant evolution, with digital transformation at the heart of this shift. Among the noteworthy developments, the collaboration between Affinity Credit Union (Affinity CU) and Mahalo Banking stands out. This partnership is set to revolutionize digital

July 22, 2024
Modern Banking Challenges: Moving Beyond Legacy Core Systems
Lending & Investment Modern Banking Challenges: Moving Beyond Legacy Core Systems

The banking industry is undergoing a significant transformation, driven by technological advancements and evolving customer expectations. Traditional banks, which have long relied on legacy core banking systems, now face a myriad of challenges that threaten their growth and competitiveness. These

July 22, 2024
How Will US Banks Tackle the Open Banking Rule?
Lending & Investment How Will US Banks Tackle the Open Banking Rule?

As the deadline for the Consumer Financial Protection Bureau's open banking rule draws nearer, set for conclusion in the forthcoming fall season, U.S. banks are facing a transformative challenge. The regulation requires financial institutions to enable customers to share their financial data

April 30, 2024
Central Bank Modernizes with TCS Bancs to Enhance Operations
Lending & Investment Central Bank Modernizes with TCS Bancs to Enhance Operations

Central Bank of Missouri, a century-old institution, is embracing technological advancement by joining forces with Tata Consultancy Services (TCS) to modernize its core banking systems. This significant collaboration anticipates the deployment of TCS's esteemed Bancs technology to rejuvenate

March 20, 2024
Are US Banks Ready for an ACH Network Cyber Attack?
Lending & Investment Are US Banks Ready for an ACH Network Cyber Attack?

The Automated Clearing House (ACH) network is crucial for financial transactions in the U.S., from salary deposits to bill payments. This network's security is vital, but is the banking system fully equipped to handle a cyber assault on the ACH? A collaborative effort by the Global Resilience

March 20, 2024
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