Paul Payne explores why lift-and-shift cloud strategies, modular platforms and microservices failed to resolve core banking challenges, and how molecular architectures is emerging as a more practical ...

Core banking systems can trace their origins 50 years ago to independent, branch-specific solutions running on IBM computers using legacy languages like RPG, COBOL, and Assembler. The branch bank ...

Changing even a small part of a core-banking platform does not come easily to any bank, as it is the lifeblood of operations. But for the $300-million asset First State Bank, based in Waynesboro, MS, ...

Core banking systems, the engine that powers bank operations, have been changing to adapt towards the wider modernization sweeping the financial services sector. Private equity firm Nordic Capital ...

"If the product fit is right, a smaller company will be more focused on you as a client," said Kim Kirk, chief operations officer at Queensborough National Bank and Trust Company, pictured at left.

In the current volatile economic situation, banks are planning for a sustained period of higher inflation. They’re running internal health checks, monitoring whether clients could pay back loans, and ...

Core Banking is the computer system (software) used to process and manage bank and financial institutions’ operations. It includes different modules: account management, payments, loans, accounting, ...

Picture this: A company has an outdated core system, so its executives decide to upgrade it. After months of contract negotiations, they strike a (costly) deal for an upgrade, and the implementation ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Over the past decades, there’s been a massive shift in authority and decision making away ...