Core Banking

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path Solutions, the software specialist for the Islamic financial services industry, in which Path will provide the front-to-back iMAL suite for retail, commercial and corporate banking to be implemented as AGB’s new core banking and channels platform. Read more »

Finastra brings its Fusion Phoenix core to the cloud

Finastra has brought its core banking platform, Fusion Phoenix, to the cloud, with Commerce National Bank & Trust of Winter Park, Florida, and Commencement Bank of Tacoma, Washington being the first US banks to access the core solution via public cloud. Read more »

TransPecos Banks Signs With Nymbus For Modern Core Banking Upgrade

NYMBUS, a provider of the world’s most advanced financial services platform, today announced TransPecos Banks, SSB has selected and is currently converting its existing core, payments and digital banking solutions over to NYMBUS. Read more »

Burrow partners with Saffron Building Society to Develop Digital On-Boarding Platform For Mortgages

Burrow, part of the DPR group and provider of customer onboarding as a service technology, have announced their latest partnership with Saffron Building Society to launch a fully automated pre-application qualification solution for new mortgage customers. The Burrow platform offers a slick user interface that enables lenders and intermediaries to pre-qualify customer mortgage enquiries with an easy to adopt ‘plug and play’ solution, without the... more Read more »

SBI Invests $20m In Core Banking-API Integration Firm OpenLegacy

Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems. Citi, FIS and BNP Paribas-Cardif are among the clients for OpenLegacy's platform, which helps them to create microservices-based APIs to extend their core banking systems to the digital world, including the web, mobile and cloud. Read more »

Al Khaleej Bank signs for iMAL Islamic core banking platform

Path Solutions, a worldwide provider of Sharia-compliant financial technology solutions, has announced that it signed Al Khaleej Bank in Sudan to its core banking platform.  Read more »

Fintech company Ohpen enters pension market through partnership with TKP

Today, TKP Pensioen and core-banking provider Ohpen announce their cooperation in the DC pensions sector. With this move, the pension administrator is looking to realise its ambitions in this area, while for Ohpen the partnership will allow it to enter the pensions market. Both parties expect a great deal from this win-win situation. Read more »

TONIK Selects Finastra’s Core Banking Solution to Power Southeast Asia’s First Pure-play Licensed Digital Bank

 Finastra announced today that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly. Read more »

ICSFS Recognised for its Core Banking Implementation by IBSI

IBS Intelligence recognised  ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, for its Core Banking Implementation during its IBS Intelligence Global FinTech Innovation Awards 2019. Read more »

FinTech partnership helps UK banks and financial institutions stay competitive with SME customers

Today five°degrees; a digital core banking provider announces its partnership with Codat, a London based FinTech helping banks to integrate with the multiple accounting platforms their customers use to run their businesses – all through a single API. The collaboration between five°degrees and Codat strengthens the position of the two companies within the SME lending industry, provisioning for the needs of banks and financial institutions to help... more Read more »

Mambu positioned as a Challenger by Gartner in the 2019 Magic Quadrant for Global Retail Core Banking

Mambu, the leading SaaS banking engine, today announced it has been positioned by Garter, Inc in the Challengers quadrant of the 2019 Magic Quadrant for Global Retail Core Banking.  The report states: “Core banking market demand keeps surging, underpinned by digital banking transformation, with an increased focus on commercial off-the-shelf packages, public cloud and open banking initiatives. Bank CIOs should evaluate core banking products in... more Read more »

FinTech partnership strengthens position of five°degrees and W.UP in European banking and finance market

Today five°degrees; a digital core banking provider, announces its partnership with W.UP, a banking provider that uses artificial intelligence to generate digital revenue and interact with clients. As part of the partnership, W.UP: a London and Budapest based FinTech, becomes part of five°degrees Open Banking Marketplace: an interconnecting banking and finance ecosystem that enables competitors to work together to improve the end-user experience... more Read more »

Path Solutions Upgrades Jaiz Bank’s Core Banking Platform for Enhanced Performance

Path Solutions, the global Islamic banking software company, today announced that Jaiz Bank Plc., Nigeria’s premier non-interest (Islamic) bank has successfully upgraded its Islamic core banking platform iMAL R14.1 version. The upgrade is to enable innovation that will meet evolving customers’ needs as it expands into new markets. Read more »

Cheers Paytech chooses Mambu as core banking system

Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. The partnership will facilitate the backend movement of funds within the Cheers Wallet Engine.  Mambu’s rapid deployment capability and API-first architecture will allow the team to integrate quickly and without the need for complex coding or underlying infrastructure maintenance. Read more »

Tata Consultancy Services Announced that KGI Bank Deployed TCS BaNCS for its Next Phase of Growth

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that its customer, KGI Bank in Taiwan, has successfully deployed TCS BaNCS for its corporate and consumer banking operations, creating a strong foundation for its next phase of growth. Read more »

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