Core Systems

Boubyan Bank Modernizes Core Systems with Temenos' Cloud Solutions
Lending & Investment Boubyan Bank Modernizes Core Systems with Temenos' Cloud Solutions

In a significant move aimed at driving operational efficiency and enhancing customer service, Boubyan Bank has commenced the modernization of its core banking systems in partnership with Temenos, a globally renowned Swiss-based banking technology vendor. This strategic alliance is expected to

December 10, 2024
Can Meta Core Revolutionize Core Banking Amid Cloud and AI Shifts?
Lending & Investment Can Meta Core Revolutionize Core Banking Amid Cloud and AI Shifts?

Choosing the right core banking solution has never been more crucial for financial institutions. As banks navigate the dual pressures of adopting artificial intelligence (AI) and migrating to cloud-native technologies, the need to modernize their core systems becomes evident. Recent findings from a

December 9, 2024
Why Did NBS Bank Switch from Temenos T24 to Oracle's Flexcube?
Lending & Investment Why Did NBS Bank Switch from Temenos T24 to Oracle's Flexcube?

NBS Bank, a major financial institution in Malawi, recently made headlines by announcing its transition from the Temenos T24 core banking system to Oracle's Flexcube. This decision marks a significant technological shift for the bank, aligning with broader global trends in the banking

October 23, 2024
Modernizing Core Banking: Overcoming Legacy System Challenges
Lending & Investment Modernizing Core Banking: Overcoming Legacy System Challenges

In the dynamic world of financial technology, the rapid evolution of technology has positioned traditional banking institutions at a crossroads. With an increasing demand for seamless digital experiences and innovative financial services, incumbent core banking systems are now facing significant

July 29, 2024
How Are FinTech Innovations Redefining Global Core Banking in 2024?
Lending & Investment How Are FinTech Innovations Redefining Global Core Banking in 2024?

The banking industry is undergoing a significant transformation, spurred by technological advancements and the growing influence of fintech. The year 2024 marks a pivotal period where core banking operations are being revolutionized globally. This article delves into the various facets of this

July 29, 2024
How Did Citi's Trading System Failures Lead to a £61.6M Fine by UK Regulators?
Lending & Investment How Did Citi's Trading System Failures Lead to a £61.6M Fine by UK Regulators?

Citigroup Global Markets Limited (CGML) faced a significant financial penalty from the UK's Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) due to a substantial failure in their trading systems and controls. This incident showcased the seriousness of operational

July 29, 2024
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