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 From legacy systems and outdated business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, 2024The 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, 2024The 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, 2024As 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, 2024Central 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, 2024The 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