News Topic: Infrastructure

Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices. ... Read full article

Clearpool's chief executive says BMO Financial Group, which is buying his company, saw a chance to gain control of cutting-edge technology that would help it cater to a special type of commercial customer. ... Read full article

Outages or disruptions of GPS signals — sometimes malicious, sometimes not — could quickly knock out computers, ATMs and card networks. ... Read full article

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million. ... Read full article

Community banks and tech companies that are happy the central bank is building a next-generation system are not as pleased with its four- to five-year timeline. But big banks see the slow rollout as an opportunity to expand their own instant payment ... Read full article

Security companies report a recent spike in spearphishing campaigns originating in Iran and targeting banks. ... Read full article

The New Jersey company said the issue, tied to insufficient validation procedures, did not lead to misstated financial results. ... Read full article

Bank of America, MX and Carolina Fintech Hub are training refugees and nontechies to become developers while at the same time showing corporate citizenship. ... Read full article

Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019. ... Read full article

Zack Bishop has experience in blending the systems of merged banks, according to Synovus, which this summer announced its first whole-bank deal in more than a decade. ... Read full article

The acquisition will increase Horizon’s core deposits and add branches around Indianapolis. ... Read full article

Sabet Elias has been named the trust bank's chief technology officer and will report to another BofA alum, Bridget Engle. ... Read full article

Readers react to the Office of the Comptroller of the Currency's fintech charter, respond to another bank outage, opine on the impact of regulation and more. ... Read full article

It’s great for bragging rights, but when banks make large investments in technology they run the risk of irritating investors who think they’re spending too much money for too little payback. ... Read full article

The company will also acquire three branches in Worcester County, Mass., when it buys the parent of Milford National Bank and Trust. ... Read full article

The financial technology infrastructure firm has made its first move to provide services outside of the U.S. ... Read full article

Premier Financial agreed to buy First Bank of Charleston for $33 million. ... Read full article

The Arkansas company's earnings fell 52% from a year earlier, reflecting a higher provision, a revaluation of its deferred tax asset and higher costs following a series of bank acquisitions. ... Read full article