Patelco Credit Union has disclosed it experienced a ransomware attack that led to the proactive shutdown of several of its customer-facing banking systems to contain the incident's impact. Patelco is ...

To understand why coreless banking is such a paradigm shift, we must travel back in time and track the evolution of banking channels, products and services. Let’s rewind 60 years to a world before ...

Legacy core systems and data ecosystems are blockers to the transformation agenda at many banks. Ab Initio Software runs on platforms from Mainframe to Cloud. We process natively data formats from bit ...

Cloud-native banking is about financial institutions adopting cloud-native technologies and architectures due to their ability to deliver a highly scalable and resilient environment. In the ...

PADUCAH, Ky.--(BUSINESS WIRE)--CSI, a leading provider of end-to-end fintech and regtech solutions, announced its NuPoint® core banking platform was awarded “Best Core Banking System” in the 2023 ...

In U.S. banking, more than in most other lines of business, computers have freed employees from considerable drudgery by taking over routine paperwork and bookkeeping. Now the machines will begin to ...

Many other bank systems, such as online banking and ATMs, rely on the information in that system. Other computer systems are unrelated. "The core system is the system of record, the absolute arbiter ...

Until recently, the U.S. banking system has been strong because of sensible bank regulations implemented during the Obama and Biden administrations. Yet, around the world, numerous countries do not ...

There are plenty of opportunities to use generative artificial intelligence (GenAI) to boost business productivity. But in regulated sectors like financial services, the output from the AI needs to be ...

America’s banking conflagration may have died down, but the clean-up continues. Small and midsized banks have lost about $260bn in deposits this year. The Federal Reserve continues to plug much of the ...

US bank Wells Fargo has reported a big jump in recommendations from customers after using artificial intelligence (AI) and automation to help families manage the bank accounts, mortgages and financial ...

THE Supreme Court has declared that the Bank Secrecy Law does not prevent the disclosure of basic identifying information ...