Core banking transformation isn’t slowing down—it’s hitting a new gear.
- The market is projected to soar from $14.5B in 2024 to $50.9B by 2034 at a blistering 13.4% CAGR.
- MUFG is going cloud-native with Minna Bank’s core.
- Ecobank is overhauling its digital stack across 33 countries with Google Cloud
- Natech just banked $33M to scale its modular core platform globally
If you’re not modernizing your core, you’re already behind.
Core Banking Software Market Forecasts Significant Growth
Global demand for digital and cloud-native banking is fueling a projected surge in the core banking software market—from $14.5B in 2024 to $50.9B by 2034. Legacy upgrades are no longer optional.
Avoiding Pitfalls in Core Banking Migration Strategies
With legacy tech dragging banks behind nimble neos, getting core migration wrong is a costly risk. Here’s how to steer clear of the usual traps.
Tuum Partners with maib for Core Banking Transformation
Moldova’s maib is modernizing its infrastructure by adopting Tuum’s cloud-native core banking platform, a move designed to elevate digital agility and operational efficiency. The rollout marks a strategic leap in maib’s push for scalable, future-proof banking architecture.
Sri Lanka’s Banking Sector Gets a Digital Upgrade
Craft Silicon and APTS have teamed up to deliver cloud-native core banking, lending, and digital platforms tailored to Sri Lankan financial institutions. This partnership aims to drive end-to-end transformation and expand digital inclusion across the region’s banking ecosystem.
SAP Fioneer Infuses Core Banking with AI
SAP Fioneer has unveiled an AI Agent that integrates with S/4HANA core systems to automate workflows and deliver real-time insights through natural language interaction. The solution boosts operational efficiency while keeping data securely within the bank’s infrastructure.
AFFIN Group Modernizes Core Banking with Möbius on Microsoft Azure
AFFIN Group has deployed Möbius on Microsoft Azure, shifting to a hybrid cloud model that boosts scalability, security, and process automation. The move positions the bank for accelerated innovation and long-term digital growth.
MUFG Bank Adopts Minna Bank’s Cloud-Native Core Banking System
MUFG Bank is rolling out Minna Bank’s cloud-native core banking system—developed by Zerobank Design Factory and hosted on Google Cloud—in its new digital banking initiative. This marks the first external deployment of Minna’s system and signals a bold shift toward scalable, modern core architecture.
Natech Secures $33M to Expand Core Banking Platform Globally
Greek core banking provider Natech has secured $33M in Series B funding to enhance its modular cloud-native platform and launch Snappi, a digital bank built with Piraeus Bank. The funding accelerates Natech’s push into European and U.S. markets, further advancing its core tech footprint.
Slice Launches UPI-Integrated Credit Card and UPI-Only Bank Branch
Following its merger with North East Small Finance Bank, fintech Slice has launched a UPI-only branch and a cashback credit card backed by its in-house core banking system. This bold play fuses credit innovation and UPI rails on a fully integrated core infrastructure.
CRDB Bank Deploys T24 Core Banking System in DRC Expansion
CRDB Bank has deployed the Temenos T24 core system to power its expansion in the DRC, streamlining operations across retail, corporate, and wealth services. This core upgrade is key to CRDB’s strategy for scalable, cross-border digital growth.
Garanti BBVA Kripto Integrates Wyden into Core Stack
Garanti BBVA Kripto is embedding Wyden’s platform into its core banking system to streamline crypto trading for institutional and retail clients. The integration enhances digital asset trading with a focus on automation, security, and core-system alignment.
Starling Bank Expands Engine Platform to U.S. Market
Starling Bank has launched its API-first Engine platform stateside to help mid-sized U.S. banks and credit unions ditch legacy core systems. With modular architecture and cloud-native design, Engine aims to fast-track digital transformation across the Atlantic.
Ecobank & Google Cloud Unite for Core Transformation in Africa
Ecobank is teaming up with Google Cloud to overhaul its core and digital banking stack across 33 countries using AI, APIs, and real-time data. This massive modernization push aims to boost scalability, inclusion, and customer experience at the core.
Four Points Federal Credit Union Deploys Mahalo’s Thoughtful Banking Platform
Four Points Federal Credit Union is rolling out Mahalo’s digital platform to sync with an upcoming migration to the Corelation Keystone core system. The upgrade will modernize self-service options and streamline digital operations for members.
TSB Faces Another Risky IT Migration as Santander Eyes UK Bank
Santander plans to shift TSB from Proteo4UK to its Partenon core banking system—raising concerns after TSB’s previous troubled migration. The move is designed to drive efficiencies and unify digital infrastructure under a scalable core.
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.