Vietnam’s HD Bank announced that it has formed a strategic collaboration with Thought Machine, the UK-headquartered core banking technology company. HD Bank is embarking on a multi-year strategy to develop

The post Vietnam’s HD Bank Picks Thought Machine to Reinvent Its Digital Offerings appeared first on Fintech Singapore.

Community Spirit Bank has five branches throughout northwest Alabama and northeast Mississippi.

SoFi Technologies announced today it is acquiring digital multiproduct core banking platform Technisys, which will operate as a subsidiary of SoFi. Technisys’ shareholders will receive aggregate consideration of approximately 84 million shares of SoFi common stock — approximately $1.1 billion — less than 10% of SoFi’s fully diluted share count as of Sept. 30, 2021, […]

Hungary's second largest bank plans to launch a new retail digital bank.

Pakistan’s largest lender, Habib Bank Ltd., will adopt a new platform after months of customer complaints about frequent outages. The Karachi-based lender will onboard its more than 25 million clients onto the Temenos core banking platform, HBL said in a statement Friday, citing increased reliability and security as benefits. HBL had announced a new Chief […]

U.S. banks and credit unions are switching mobile platform providers in droves — in fact 104 have done so in the last three months. By far the largest financial institution to switch was Fayetteville, Ark.-based Arvest Bank with 235 branches, according to report provided to Bank Automation News by FI Navigator. The report does not […]

Thought Machine’s Vault system will underpin Intesa Sanpaolo's new digital banking service, Isybank.

Ex-Tibco senior exec Erich Gerber joins Temenos as president and chief revenue officer.

As customers demand more control and autonomy over their finances, banks are now introducing more customer-friendly core banking solutions. Companies like Oracle and IBM have also introduced automation and advanced data processing to fine-tune operations and increase the knowledge base. But before you adopt a core banking solution, try to explore the concept and importance […]

The post Core Banking: Definition, Features, Benefits appeared first on SDK.finance - White-Label Digital Core Banking Software.

Jack Henry is revamping digital banking strategy for its core business in a move to provide local and regional banking clients with a fintech-enabled open banking ecosystem. When the Missouri-based core provider released its Q2 2022 earnings this week, discussion focused on its long-term digital banking strategy, which involves an open banking application that will […]

Fiserv and Jack Henry made announcements today that show core providers are shifting their strategies to the cloud. Fiserv — an early investor in Jacksonville, Fla.-based core-as-a-service provider Finxact — plans to acquire the remaining ownership of the company for approximately $650 million, Fiserv said in an announcement. Through the acquisition, Wisconsin-based Fiserv will acquire […]

Mambu says it's "the world’s only true Software-as-a-Service (SaaS) cloud banking platform".