Core conversions

Why startup Finxact just got $30M from the ABA, SunTrust, others


The core-banking vendor won the investment and ringing endorsements from the trade group and several banks because its open system and cloud delivery could eventually challenge entrenched tech players.


Fiserv-First Data: Why small banks fear big fintech


The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so.


Banker of the Year: Zions' Harris Simmons


His knack for public policy, dedication to technological improvements once considered the province of big banks, and willingness to tear up a business model that he and his father built make him our top Best in Banking honoree.


Revamping deposit products at Zions required convincing employees first


Zions is streamlining its 500 deposit products as part of a massive core conversion, and its female executives are leading the effort.


Can a subscription model work with mobile banking?


A family-owned community bank in Oklahoma is testing a Spotify-like service by fintech Meen that allows customers to pay $9.95 a month to obtain digital banking services.


Making technology the solution, not the problem, at small banks


Community banks count on personal service as a differentiator to win business. But legacy technology issues can get in the way.


Mobile pay revolution, Mnuchin's pipe dream, Mulvaney's Siberia?: Top stories of the week


China's mobile payment lessons for U.S. bankers; Steven Mnuchin's wishful thinking on GSE reform; unpacking Mick Mulvaney's CFPB relocation musings; and more from this week's most-read stories.


Why this community bank took the plunge on a new core platform


Many banks talk about the need to replace legacy core systems, but relatively few go through with it. The CEO of Mechanics Cooperative Bank in Massachusetts explains the case he made to his board that the promise outweighed the risk.


Digital investments give small banks deeper borrower pool


Community banks are spending on technology to expand without having to build new branches.


Mortgages, tech expense create drag at Umpqua


Net income for the Oregon regional bank was $61.3 million, a slight decline from the same quarter last year. It earned 28 cents per share and fell short of analysts’ expectations,