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
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
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
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 From legacy systems and outdated business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
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
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
