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Core Banking in the Age of Transformation: A Ride from Legacy to Modernity | Blog

Everest Group

For years, core banking systems have been the backbone of financial institutions. Nimble FinTech startups with cloud-based solutions are challenging traditional banks. In this dynamic environment, core banking systems are under more scrutiny than ever before. But the landscape is shifting, and customers have high expectations.

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Mainframe and the cloud? It’s easy with open source

IBM Business Partners

Open-source software. DevOps, open source and the mainframe Open-source software and DevOps share a common philosophy and technical underpinnings. GitOps gets its name from Git, the hugely popular, open-source code-management tool. Such an architecture includes many open-source elements.

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Cloud Takes Center Stage at 2023 Bank Automation Summit

Perficient Digital Transformation

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device. Cloud computing makes data more accessible, cheaper, and scalable.

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Why you need a Project Manager for Effective Strategic Sourcing?

Sourcing Captain

As we have discussed in our previous blogs, strategic sourcing is the perfect and innovative way to reduce costs, achieve a faster time to market and improve the quality of the final product. Wikipedia defines strategic sourcing as,” the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.

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What Is Bank Reconciliation? A Brief Guide for Business Owners

inDinero

First thing’s first: What is Bank Reconciliation? Bank reconciliation is the process of aligning internal documentation with the balances shown on your bank statements. Table of Contents Why Is It Important to Reconcile Your Bank Statements? How to Reconcile a Bank Statement Bank Reconciliation Example Acme Inc.

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Build trust in banking with data lineage

IBM Services

Trust is the cornerstone on which the banking industry is built. When consumers lose trust in a bank’s ability to manage risk, the system stops working. Put simply, consumers trust banks to keep their money safe and return the money when requested. But there’s trust on the business side, too.

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Is there a “right” cloud strategy for banking?

IBM Business Partners

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach. appeared first on IBM Blog.

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