Vol. 1

Connect, Innovate, Elevate

Welcome to Core Insider, your go-to source for the latest insights, strategies, and news in banking transformation. Discover how each small step can lead to powerful transformations in your core banking journey. Don’t wait—unlock the tools and insights that drive real progress!

Core Banking News

What’s Happening in Core Banking This Week?

Have you ever wondered what goes on behind the scenes when you tap your phone to pay or check your balance online? We’re excited to share some big updates from the world of core banking that will pique your curiosity and shape your daily financial experiences.

 

ANZ’s $2.5 Billion Leap Forward

Australian banking giant ANZ is making a bold move by investing $2.5 billion to modernize its core systems.

Why so much? Because outdated technology can slow transactions, complicate compliance, and frustrate you. By developing the ANZ Plus platform and Transactive Global system, ANZ aims to:

• Boost efficiency
• Strengthen security
• Simplify digital banking

From migrating 1.2 million Suncorp Bank customers to ANZ Plus by 2027, to building future-ready infrastructure, ANZ is setting a fast pace for the industry. (“It’s like trading in a vintage car for a self-driving electric vehicle,” one analyst quipped.)

 

European SaaS Solutions Steering the Future

Over in Europe, SaaS-based platforms—like Aura Cloud, five°degrees, Fimple, and Skaleet—are challenging what “modern banking” means. They offer:

• Quicker implementation: Launch new financial products faster.
• Flexible integrations: Adapt to market shifts without massive system overhauls.
• Cost savings: Pay for what you use, and scale as you grow.

Curious? IBS Intelligence has an in-depth feature on how these solutions are transforming European finance.

 

Smaller Aussie Banks Think Big Through Mergers

Meanwhile, in Australia, smaller banks like Qudos Bank and Bank Australia are considering mergers to compete with larger institutions. This union could mean:

• $17 billion in combined assets
• Enhanced operational efficiency
• A need for advanced core systems to handle the influx of customers

Merging banks must unify data and processes seamlessly. It’s a bit like blending two families into one household—tricky at first, but beneficial once everything’s sorted. You can read more on this in The Australian.

 

The Future of SaaS in Core Banking

SaaS solutions have emerged as contenders in banking modernization. They let you:

1. Automate day-to-day tasks to reduce human error
2. Scale operations without inflated hardware costs
3. Deliver better customer experiences with faster updates

At a time when financial institutions scramble to innovate, SaaS platforms are becoming potentially game changers. If you’d like the inside scoop, IBS Intelligence offers detailed insights.

 

Ready for More?

From ANZ’s monumental upgrade to Europe’s SaaS-driven momentum and Australian banks’ quest to merge, we’re seeing a whole new era of streamlined, future-proof banking. As core systems continue to evolve, you’ll likely enjoy faster transactions, smoother digital experiences, and financial services that keep up with your needs.

Click here to read the full articles!

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Pilot Conversion: A Controlled Approach to

Core Banking Transformation

Imagine trying a brand-new recipe for the first time. Do you make a giant batch for a dinner party, or do you test it on a smaller scale to tweak the flavors?

The same principle applies to core banking transformation. Before diving into a full-scale rollout, a Pilot Conversion lets you refine the process, identify potential hiccups, and ensure success—one step at a time.

This prudent approach is wise not only for your kitchen but also for banks undertaking core banking transformations. I recently chatted with a bank manager who explained their decision to adopt a Pilot Conversion strategy.

“We can’t afford mistakes during our core banking transformation.”

Instead of rolling out the new system to all branches at once, they started small—testing, learning, and refining in real-world conditions. The result? Fewer risks, smoother transitions, and a template for success.

Initially, they opted to introduce the new system in just one branch, allowing them to tweak and refine the setup based on real-world feedback. This cautious, controlled approach helped them avert potential disasters by addressing issues on a smaller scale before a full-scale rollout.

What is Pilot Conversion?

Pilot Conversion is….

Click here to read more and see how a strategic pilot can set the stage for a successful full-scale rollout.

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From Isolation to Integration:

Embracing Innovation with Valued Team Updates

Picture this: a brilliant team with groundbreaking ideas, but instead of leading the charge, they’re tucked away in the basement—out of sight, out of mind.

Too often, innovation teams in banks face this exact scenario: equipped with resources but disconnected from the organization’s core strategy. Let’s explore how to bring them out of the shadows and into the spotlight.

In the world of core banking, where running, changing, and innovating are all essential, it’s not uncommon to see innovation left out in the cold—or, as illustrated in our cartoon “Innovators in the Basement,” literally left in the basement. Here, innovation is present but disconnected from the bank’s core activities, often given a budget but sidelined from day-to-day strategic conversations. It’s an all-too-familiar scenario: innovation teams with great ideas but no platform to share them, no resources to execute them, and little integration into the bank’s broader mission.

Contrast this with… to read more click the link:

Click the link to empower your teams and drive your bank’s success!