Welcome to this week’s roundup on core banking transformation! Banks are stepping up their game as they ditch outdated systems for real-time data and seamless digital integration.
CTBC Bank Philippines is joining forces with Hitachi Asia to overhaul its digital corporate banking platform, ensuring smoother workflows behind the scenes. Meanwhile, Access Bank is revamping its back-end systems to speed up processing and roll out new products faster. And in Saudi Arabia, stc bank and D360 are leading a digital leap with innovative banking models that promise to modernize core operations for a tech-savvy customer base.
Ready to see how these bold moves are reshaping the future of banking? Dive into the full stories for all the details!
MillenniumIT ESP: Securing DFCC Bank’s Core (FT.lk)
Experience Sri Lanka’s first TDE deployment securing DFCC Bank’s core database. Boost compliance, protect data at rest, and strengthen back-end operations.
Alkami Acquires Mantl: A $400M Core Upgrade (FinTech Futures)
Alkami’s $400M purchase of Mantl supercharges digital account openings, linking modern features to legacy cores. Streamlined back-end systems mean faster onboarding and tighter integrations.
A Smarter, Safer Path to Core Modernisation (Finextra)
Finextra explores incremental upgrades over “rip-and-replace,” using microservices and cloud tech. Preserve operations while seamlessly updating legacy infrastructures.
Missouri’s First Community Credit Union Upgrades to Fiserv DNA (FinTech Futures)
Fast, scalable, and seamlessly integrated – Fiserv’s DNA platform promises to transform First Community’s core operations. Expect faster service rollouts and a better digital experience for members.
DFCC Bank Pioneers TDE in Sri Lanka (Daily Mirror)
MillenniumIT ESP implements Transparent Data Encryption, safeguarding DFCC Bank’s core data at rest. A first in the country, this move reduces compliance risks and fortifies back-end operations.
Legacy Item Processing to Modern Core – A Success Story (PaymentsJournal)
A phased migration revitalized a financial institution’s item processing framework while preserving day-to-day operations. The result? Smoother workflows and robust integration with the bank’s core.
Finovifi + Modern Banking Systems (FinTech Futures)
Finovifi acquires Modern Banking Systems to streamline and upgrade legacy cores. Expect faster integrations and more flexible back-end solutions for modernizing bank infrastructures.
The Future of Core Banking in the Cloud Era (Forbes)
A Forbes Council piece on gradually migrating legacy cores via cloud-native architectures. Adopting agile methods avoids ripping out entire systems while boosting scalability and reducing overhead.
AWS Cloud for Core Banking (SiliconANGLE)
SiliconANGLE shows how banks tap AWS for microservices-based core upgrades. Learn best practices for seamless migrations that reduce downtime and operational costs.
BAJK’s Controversial Core Banking Upgrade (Daily Ausaf)
A Rs 1.7 billion contract could revamp Bank of Azad Jammu and Kashmir’s aging infrastructure. Despite questions around transparency, this overhaul aims to modernize the bank’s back-end operations.
Ready to explore?
Dive into the highlights to see how leaders in the banking space are tackling innovation, efficiency, and scalability head-on. Let these stories inspire your own transformation journey.
