Vol. 5
Connect, Innovate, Elevate
Ever try to pay a bill online and feel like you’ve been teleported back to 1998? We’ve all been there. This week’s Core Insider dives into how banks are breaking free from outdated systems and delivering modern experiences that customers (and staff) actually love. Whether it’s rethinking operations, tightening security, or navigating regulatory mazes without losing your mind, we’ve got actionable insights—and a little dry humor—to keep you ahead of the curve.
In this issue, you’ll find stories on banks embracing incremental modernization over risky rip-and-replace strategies, partnerships driving digital overhauls, and clever ways to turn regulatory compliance into a competitive edge. We’re also spotlighting real-world transformations, like CTBC Bank teaming up with Hitachi and Alkami’s $400M Mantl acquisition.
So, if you’re ready to cut through the noise, streamline your systems, and boost customer loyalty while keeping compliance in check, this one’s for you. And don’t miss the career opportunities and insider tips waiting at the end.
Let’s get into it!
From overwhelmed to streamlined
Rethinking operational efficiency in core banking
Streamlining workflows and clarifying roles turns chaos into clarity, boosting productivity, collaboration, and customer satisfaction.
Does your bank confuse endless meetings and rigid procedures with real productivity? Discover how clarifying roles, eliminating redundant steps, and embracing the right tools can transform chaotic busyness into efficient, high-impact workflows. Ready to see how focusing on what truly matters can boost morale, cut waste, and enhance customer experiences?
Strengthening security and
data privacy
Protecting your bank and customers in the digital age
In a world where one clever phishing attack can topple years of trust, robust security and data privacy are no longer optional. From cutting-edge encryption to organization-wide security culture, see how your bank can stay ahead of evolving threats and turn near-misses into competitive advantages. Ready to secure your bank’s future?
From checklist to culture
Building a secure core banking system
Is your bank’s security simply a box-ticking exercise? Discover how moving from reactive defenses to a proactive, organization-wide security culture can safeguard customer trust, strengthen system design, and prepare you for emerging threats. Ready to see why shared accountability is the key to true resilience?
Navigating regulatory compliance
Ensuring adherence in a complex legal landscape
Is your team working overtime but still struggling to make progress? Learn how automating tasks, optimizing workflows, and embracing data-driven decisions can boost agility and productivity—laying the groundwork for a standout core banking transformation.
Core Banking News
What’s Happening in Core Banking This Week?
I once tried depositing a check with my phone camera, only to be greeted by a cryptic error message that set me back to the days of dial-up. If you’ve ever faced a similarly clunky process, you’ll be glad to hear how this week’s core banking updates tackle those very hiccups—everything from Transparent Data Encryption (TDE) for airtight security to cloud-based transformations and phased migrations that preserve day-to-day operations.
In these stories, you’ll see banks and fintechs adopting microservices, sealing M&A deals (like Alkami’s $400M swoop of Mantl), and steadily migrating away from legacy bottlenecks. Whether it’s Fiserv DNA boosting a credit union’s agility or Finovifi acquiring Modern Banking Systems to streamline integrations, each piece offers a realistic but promising glimpse at how institutions can stay secure, efficient, and ready for tomorrow.
Dive in and discover the very real possibilities for transforming even the most stubborn of back-end systems—without losing a wink of sleep (or an entire morning in a failed deposit attempt).
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.
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.
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 for More?
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.
Click here to read the full articles!
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