2020 in review: Top core banking stories
Sometimes it can feel like the smallest hiccup can set back a core banking deal or implementation by months.
Banks have had to deal with remote implementations in 2020
With that in mind, it’s no surprise that a year of cuts, digital investments, and shake-ups will have had an effect on the number and size of core banking deals we saw this year.
Despite this there have been several vendors keen to show that things are business as usual. They have talked up their abilities to complete implementations completely remotely.
Here are some of the more eyebrow-raising core banking stories from this year (in no particular order).
US banks debut cloud-based Finastra Phoenix platform
In July, two US-based banks became the first to deploy Finastra’s Fusion Phoenix core banking solution in the cloud.
Florida-based Commerce National Bank & Trust and Washington-based Commencement Bank are accessing the Finastra platform via a … Read the rest