Small Mass. Banks, CUs Face Heavy Tech Lift
Monopoly power isn’t just lurking in consumer prices. Data shows smaller lenders face disproportionately high – and rising – costs for their operating system software.
PeoplesBank Converts to Cloud Platform
PeoplesBank says it’s become the largest U.S. community bank to fully operate on a cloud-native core banking platform after successfully converting to the Nymbus Banking Platform.
Bank CEOs Sweat Deposits and Talent, CU CEOs Focus on Recession and Data
Core provider Jack Henry surveyed over 100 bank and credit union CEOs from its core customer base during the first quarter.
Banks, Cores Increasingly at Odds Over Service
Banks are becoming less and less satisfied with the vendors providing their core banking technology even after four years of work by industry leaders to bridge gaps in how each side sees the other.
Survey: Banks, Technology Providers Disagree on Effectiveness
While less than half of U.S. banks said they were very or extremely satisfied with their core technology provider, these vendors overestimated their effectiveness in helping banks, according to the American Bankers Association.
Jack Henry to Acquire Payrailz
Core technology provider Jack Henry & Assoc. plans to acquire Connecticut-based Payrailz, a digital payments company used by several Massachusetts lenders.
Cloud-Based Cores Win Fans Among Mass. Lenders
As the banking landscape changes, some banks and credit unions have responded by making a big move: leaving behind their legacy technology systems in favor of cloud-based core platforms.
API Backers Promise Transformed Banking
Open banking took a major step closer to becoming the standard for many community banks last month. Backers say it offers community banks a cheaper and more secure way to integrate fintech tools into their service packages.
