Core’s heating up,
banks are raising capital, going live
and scaling faster than ever.
Big Moves This Week: Top Headlines
🌐 OCC Approves Crypto Trust Bank Charters
The OCC gives Circle, Ripple, Paxos, BitGo, and Fidelity Digital Assets the green light to launch national trust banks, forcing crypto firms to stand up full, regulated core banking operations.
🌐 CFG Bank Partners with Jack Henry for Core Platform Modernization
CFG Bank selects Jack Henry to modernize its end-to-end core, supporting rapid growth in healthcare lending and scaling after a fivefold asset expansion since 2019.
Trends to Watch: AI, Embedded Banking, Crypto
🌐 UK Pushes Stablecoin Rules, Banks React
FCA’s Digital Securities Sandbox is driving banks to upgrade their core systems for stablecoin custody, compliance, and real-time digital asset settlement.
🌐 Kotak Mahindra Bank Scales Stress Testing with Core System Upgrade
Kotak Bank upgrades its backend systems to support 5x processing capacity for regulatory stress testing by March 2026.
Platform Watch: Vendors + Tech
🌐 Thread Bank Raises $30.5M to Modernize Core with Finxact
Thread Bank secures funding to revamp its core using Finxact’s cloud-native platform, enabling embedded banking and real-time processing.
🌐 British Caribbean Bank Goes Live with Finastra Essence
BCB successfully deploys Finastra’s Essence platform to improve agility, product rollout speed, and compliance readiness.
Quick Hits
🌐 SBI Rolls Out YONO 2.0 with Core Upgrades
SBI rolls out YONO 2.0, upgrading core infrastructure for higher scalability and expanded digital services, supported by 6,500 new workforce additions.
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