Tagged: core banking

October 3, 2021 @ 5:25 pm By Omar Faridi  |  

Modularbank, the next-gen Core banking solution provider, recently revealed that it has launched its new corporate brand identity in order to “better reflect its company values and market offering.” The new company name is Tuum, which means “core” in Estonian, “highlighting both its native roots… Read More

August 10, 2021 @ 10:37 pm By Omar Faridi  |  

Finxact, a Core as a Service banking provider, reveals that First Horizon Bank, the super-regional bank based in Memphis, Tennessee, has converted its VirtualBank brand from its legacy core to the Finxact Cloud-core. The conversion represents a key milestone for the new era of Cloud… Read More

May 17, 2021 @ 10:18 am By Samantha Hurst  |  

      Temenos (SIX: TEMN), the banking software company, announced on Monday the integration of Taurus SA (“Taurus”), the Swiss digital asset and blockchain infrastructure fintech, with Temenos Transact, a next-generation core banking software. Temenos reported it collaborated with Taurus to deliver “simplified” access… Read More

May 4, 2021 @ 7:58 am By Omar Faridi  |  

Adesso Schweiz, a consulting and IT services provider, has teamed up with Hypothekarbank Lenzburg in order to further develop and market Open Banking solutions in Switzerland’s capital markets. As noted by the Adessor Schweiz AG team: “For a business to succeed, you need innovative ideas… Read More

May 3, 2021 @ 7:53 am By Omar Faridi  |  

The Coronavirus crisis has accelerated digital transformation across the world, including the APAC region, which has resulted in many bank branch closures. There’s also been a significant increase in retail banking activities that’s supported by all-digital challenger banks. These virtual banks are digital-first and are… Read More

February 3, 2021 @ 2:36 pm By Samantha Hurst  |  

UK-based mobile payments company SumUp announced on Tuesday it has acquired core banking solutions provider, Paysolut. Paysolut reported that it serves future unicorns of fintech by providing its mobile banking platform to run their businesses on. The company has already been working with SumUp for the past… Read More

December 18, 2020 @ 7:58 am By Omar Faridi  |  

Netherlands-based core banking platform Five Degrees has acquired €22 million in capital through an investment round that was led by Velocity Capital Fintech Ventures. Reggeborgh and Atlas Invest also took part in the round. Karmijn Kapitaal, 5Square and several other existing investors made contributions to… Read More

October 5, 2020 @ 2:46 pm By Samantha Hurst  |  

  Pan-European banking service Monese announced on Monday it will adopt Thought Machine’s cloud-native core banking platform, Vault. Monese reported it will migrate its existing customer base onto the Vault platform, as it focuses on strengthening the company’s core technology platform and its banking infrastructure…. Read More

July 29, 2020 @ 7:18 am By Omar Faridi  |  

Thought Machine, a core banking technology firm, has acquired an additional $42 million in capital as part of its massive Series B round – which brings the total funds raised during the round to $125 million. Thought Machine had secured $83 million via the Series… Read More

June 29, 2020 @ 3:54 pm By Samantha Hurst  |  

Mass Financial, a UK-based core banking system platform, is now seeking £300,000 through its recently launched equity crowdfunding campaign on Crowdcube. The funding round has attracted nearly 200 Crowdcube investors so far, with Mass Financial offering 4.76% in equity at an £8 million pre-money valuation. … Read More

June 29, 2020 @ 10:16 am By Samantha Hurst  |  

Thought Machine, a company that builds cloud-native tech for banks, announced on Monday its core banking platform Vault now runs on every major cloud infrastructure provider including Google Cloud Platform, Amazon Web Services, Microsoft Azure, and IBM Cloud. Founded in 2014, Thought Machine is the… Read More

March 31, 2020 @ 10:36 am By Omar Faridi  |  

One, a digital banking startup that aims to provide financial services mainly intended for middle class workers, has chosen Finxact, which is a leading software-as-a-service (SaaS)-based core banking solution. Established by Bill Harris, the former CEO at PayPal and Intuit, One will use Finaxct to… Read More