News & Commentary
Latest Content tagged with Core Systems
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How Banks Can Overcome the Challenge of Data Overload
Commentary  |  7/9/2014  | 
Banks must master the use of unstructured data if they want to seize competitive advantage, enjoy productivity gains, and improve customer service.
Detours on the Road to Digital Banking
Commentary  |  7/9/2014  | 
Digital capabilities are being embraced as the key to future growth. But skills and accountabiliy gaps impede many firms, McKinsey research reveals.
Welcome to the New Bank Systems & Technology Community
Welcome to the New Bank Systems & Technology Community
Bank Systems & Technology Videos  |  7/8/2014  | 
For the first time, the bank technology community has an online destination where it can share ideas and content.
Why Bankers Should Think Like Technologists
Commentary  |  7/8/2014  | 
Banking at its core is a business that manages and prices risk. But it's also increasingly a technology business, as new competitive and cyber security threats show.
Consumers CU Expands National Footprint With Online Account Opening
News  |  7/8/2014  | 
Using Andera’s digital account origination solution, CCU projects a 30% increase in accounts opened online in 2014.
Four Core Must-Haves To Enable Digital Banking
Commentary  |  6/25/2014  | 
What does it take to become an "Everyday Bank" that is a customer’s trusted partner before, during and after a transaction?
Does Your Core Platform Enable or Inhibit Superior Financial Performance?
Commentary  |  6/15/2014  | 
Banks embarking on core banking journeys can't justify the investment without making revenue generation a central part of the business case.
3 Key Upgrades to Bank of America’s New Mobile App
Slideshows  |  6/13/2014  | 
Bank of America’s new mobile app delivers improved navigation and multichannel integration for a better experience for its 15 million mobile customers.
Fiserv Sees Rapid Results From Open Solutions Acquisition
News  |  4/25/2014  | 
Availability of integrated, real-time capabilities drives deals, including Washington Federal's selection of DNA account processing solution.
Measuring the Benefits of A Core Replacement
News  |  4/9/2014  | 
Aite Group found that Philippine bank RCBC has seen significant cuts in operating costs thanks to its recent core conversion.
Extending the Life of Your Core Banking Platform
Commentary  |  3/6/2014  | 
Sizing up the options for replacing core systems.
Nedbank Limited Selects Oracle Core Solution
News  |  1/23/2014  | 
The South African bank said it is looking to modernize its infrastructure.
Core Systems Modernization: Risk and Reward
News  |  11/5/2013  | 
At BAI Retail Delivery 2013, Zions Bancorp CIO Joe Reilly discussed why the bank holding company decided to replace legacy systems.
Old National Bank Makes IT Processes For Digital Banking More Efficient
News  |  10/31/2013  | 
The bank is pursuing efficiency by using fewer vendors for digital banking products.
Monitise Revamps Core Platform For Flexibility
News  |  10/2/2013  | 
The new platform allows clients to quickly manipulate functionality.
How to Outsource the Core Without Giving Up Control
Commentary  |  8/29/2013  | 
In the fourth article in our series on core modernization efforts, we hear from a community bank that has transformed its back office by outsourcing its core platform without losing control over vital functions.
BBVA Compass Names New CIO
News  |  8/29/2013  | 
Gabriel Sanchez Iniesta will replace Sergio Fidalgo, who has been promoted to a new role with parent company BBVA Group.
D+H Completes Acquisition of Harland Financial Solutions
News  |  8/16/2013  | 
Davis + Henderson Corporation has acquired Harland Financial Solutions for $1.2 billion.
New Oracle FLEXCUBE Upgrade Helps with FATCA Compliance
News  |  8/13/2013  | 
Oracle’s newest release of its FLEXCUBE core banking product includes tools to help with regulatory requirements and launch new delivery channels.
Global Core Banking Market to Reach $10.1 billion in 2017
News  |  8/8/2013  | 
The estimated size of the global core banking market stands at $8.6 billion in 2013, and is expected to grow at a 4 percent rate over the next four years.
D+H To Acquire Harland Financial Services
News  |  7/24/2013  | 
D+H will enter the core banking market with the acquisition, while expanding its presence in the U.S. and combining its lending solutions with Harland’s portfolio.
Reaching the Unbanked in South Africa
News  |  7/9/2013  | 
Standard Bank and technology partner SAP worked together to serve the country's rural and unbanked population.
CSI Adds SAP’s Business Intelligence Tool to Core Offering
News  |  7/8/2013  | 
CSI’s NuPoint core system will now have SAP’s BusinessObjects Business Intelligence platform embedded, adding analytics and reporting capabilities based on the core’s transactional data.
Complement the Core: Going Paperless
Commentary  |  6/13/2013  | 
In this third article in the series on core transformation, we address why a bank needs to think beyond the core platform itself to achieve true transformation, modernization and efficiency.
The Core of the Technology Puzzle
Commentary  |  6/11/2013  | 
In our second article on the ongoing modernization of the core platform, we hear from two banks that have put the pieces together to improve customer service through more strategic operations.
Lloyds Banking Group Keeps It Simple With BPM
News  |  6/10/2013  | 
The U.K.'s largest bank has identified 200 initiatives that need to be completed in order to simplify the entire banking organization.
U.K. Grocery Chain Sainsbury's Assumes Full Control of Bank
News  |  5/8/2013  | 
The retailer has selected U.S. financial technology company FIS as its core systems provider.
Inside National Australian Bank’s Core Transformation
News  |  4/26/2013  | 
BS&T caught up with Adam Bennet, executive general manager, enterprise transformation at National Australia Bank about its conversion to Oracle’s core platform to learn about the next steps of the conversion and the capabilities already being enabled by the new platform.
Redefining the Core Platform Decision
Commentary  |  4/26/2013  | 
In the first of a series of articles on core transformation, we explain why it isn’t just the technology that a bank needs to modernize. It’s the approach to technology and innovation as well.
Transforming Banking Core Systems: Lessons from Busey Bank
News  |  4/8/2013  | 
Busey Bank moved its core systems into the cloud, creating efficiencies and preparing for growth. Here's what banks can learn from Busey's conversion.
The Impending Modernization of Your Banking System: You Can't Afford to Wait!
Commentary  |  4/5/2013  | 
Although legacy systems replacement is a major undertaking for any bank, the global banking industry could regain a significant proportion of the profitability lost during the financial crisis by adopting modern core systems.
Temenos Acquires U.S. SAAS Core Banking Provider TriNovus
News  |  3/22/2013  | 
Swiss core banking vendor Temenos announced it is acquiring TriNovus to further its growth strategy in the U.S. to provide a SAAS version of its T24 core banking solution.
BBVA Compass Goes National With NBA Banking Product
News  |  2/15/2013  | 
Following the bank’s core system transformation it has rolled out its first nationwide product NBA Banking, offering checking and savings accounts with an all-digital experience.
Lloyds Whistleblower Says Bank's Business Continuity Plan is Flawed
News  |  1/15/2013  | 
A former business continuity executive claims he was forced out of Lloyds Banking Group because he identified severe problems what would cost £200 million for the bank to remedy.
Fiserv Acquires Competitor Open Solutions
News  |  1/15/2013  | 
Fiserv acquired Open Solutions in a deal announced this morning, adding Open Solutions' technologies - such as parts DNA core processing platform - to Fiserv's offerings.
Bank of America Announces Enhancements to Benefits Online Program
News  |  12/17/2012  | 
The enhancements include a new online education center and redesigned home page.
The Core Systems Dilemma
News  |  12/7/2012  | 
Banks looking to upgrade or replace legacy core systems have a choice: Do it all at once or gradually. Many factors go into deciding which is better for a specific bank.
Core System Modernization Makes Customer Centricity Possible
Commentary  |  12/5/2012  | 
Core bank systems have to do more than just run the business. They're now the foundation of transformation and competitiveness.
The Case For ‘Progressive Renovation’: Legacy Systems Are Not Equipped for Today’s Multichannel Banking
News  |  12/4/2012  | 
The emergence of new disruptive market entrants is forcing banks to accelerate their core systems modernization efforts. Growth and product innovation hang in the balance.
It's Time to Embrace Core Systems Transformation
Commentary  |  11/29/2012  | 
Although U.S. banks are among the leading consumers of IT, many have resisted core transformation. Now, however, the risk of delaying modernization outweighs the long-standing risks of proceeding.
Ready for Real Time: BBVA Compass Up & Running on New Core System
News  |  11/29/2012  | 
Accenture's Alnova new core banking infrastructure is now running BBVA Compass' checking and savings deposit platform across the bank’s 716 branches
Core Banking Systems Winners And Losers
News  |  11/29/2012  | 
Don Free, research director at Gartner, shares his views on how the core vendor market is changing, and what banks and vendors must do to stay competitive, with BS&T associate editor Jonathan Camhi.
Cloud Growth: Strategy, Not Cost-Cutting
Commentary  |  10/30/2012  | 
Adoption of cloud and as-a-service computing models is accelerating in banking. While costs-savings may be the primary driver, increasingly the cloud is seen as a means of innovation and competitive advantage.
Bank of America Merrill Lynch Announces New Supply Chain Management Tool
News  |  10/15/2012  | 
The new product allows the bank's buyer clients and their suppliers to manage their cash flow.
Temenos Acquisition Adds New Front-End Software to Its Core Offerings
News  |  9/21/2012  | 
Temenos announced its acquisition yesterday of edge IPK, a UK-based provider of front-end solutions that provide a common user experience across channels.
Oracle's New Banking Platform Targets Big Banks with Legacy Systems
News  |  9/18/2012  | 
Oracle Financial Services announced the release of their banking platform with service-oriented architecture to help big banks that are stuck with legacy systems.
Should the Government Force Core Systems Upgrades?
Commentary  |  8/9/2012  | 
A U.K. technology trade association wants regulators to force British banks to upgrade legacy IT systems.
U.K. Tech Association Urges Banks to Upgrade IT Infrastructure
News  |  8/9/2012  | 
Intellect, the trade association for the UK technology sector, wants British regulators to force banks to upgrade legacy IT systems.
Oracle Announces Flexcube 12.0
News  |  5/25/2012  | 
The core banking solution includes features that enable banks to deliver more personalized and convenient service to customers across all channels
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