Core systems

Nine months before the outage, the NCUA told a federal council it may no longer need the authority to examine vendors like the one that failed.

Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.

Bank and credit union regulators proposed a rule that would apply more supervisory oversight to core service providers, saying the firms sometimes provide little transparency to banks and can disrupt due diligence processes.

The core provider says ShinyHunters' breach affected fewer than 10 financial institution clients.

The core provider is conducting a review of its offerings after a 21% decrease in earnings per share and a drop in revenue from its core banking sector.

Looking at the competitive structure of the core-provider business illustrates why challengers have such a hard time winning business from the big three.

Fintech founder Randy Fernando launched his latest startup, an AI-focused software provider for banks called Maximum, with $30 million in seed funding.

The deal is the latest in a series of acquisitions by bank core provider CSI, which is further expanding its offerings for regional and community banks.

The biggest core providers have each tied their security to a frontier AI developer. The guidance that would govern any of it excludes agentic AI.

The international bank software company divested the remainder of its bank core software after selling off its Phoenix core system earlier this month.

The bank tech provider sold off its U.S. mid-market banking business, including a core used by hundreds of U.S. banks, to a branch of Constellation Software.

First Interstate Bank and Boulder Dam Credit Union have begun piloting the new agents, which were built using AWS' Bedrock.

Experts say that compliance with a potential executive order being considered by the White House that would require banks to collect citizenship information would be costly, especially for community banks.

Banking trade associations told the Office of the Comptroller of the Currency that regulators should reform rules around third-party risk, saying concentration and limited choice of core service providers places an undue burden on banks.

The bank technology company is adding offices in the U.S. and India as part of its quest to reach clients outside of its U.K. home base.