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 ...
Juniper Research has recently shared the top 3 uses of next-gen tech in Core Banking. The Juniper Research team notes in a report that the core banking systems market “is well established; however, ...
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 ...
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 ...
WASHINGTON — The Office of the Comptroller of the Currency said the banking system remains stable, but faces growing pressures in profitability and credit quality as the economic landscape evolves, ...