Facilization’s Post

🤔 How fast can banks react to new regulations? #AllianzBankBulgaria took the right path by contacting its IT partner #Infopulse to help them address the European Commission’s challenge! Together they developed and rolled out an #InstantPayment solution in just one month! Not only was it custom-made breaking through some #OracleFLEXCUBE limitations, but also had a retry function and the ability to process customers’ payments 24/7.  Read more in a dedicated case study 👉 https://bit.ly/40Pe2Zj

Why do banks in New Zealand and Auckland choose API Connects for Oracle Flexcube services? 🌟 Comprehensive integration & configuration. Smooth migration. Experienced engineers. Watch the video for more insights! 📹 #Banking #OracleFlexcube #APIConnects #FinTech

Axway in Exclusive Talks to Acquire Majority of Sopra Banking Software Operations. Axway has recently announced exclusive conversations for the #acquisition of the majority of Sopra Banking Software's (SBS) activities. The acquisition presents a unique opportunity for Axway to expand its #product portfolio and capitalize on recent performance. This move aligns perfectly with Axway's strategic #roadmap, aiming to create a strong enterprise powerhouse by lowering #payment friction and offering #personalized services for customers to meet their growing demands in #banking operations. Axway is an enterprise data #integration leader in the industry that improves heritage #IT infrastructures to unlock new business opportunities and provides a range of #digitaltransformation solutions to modernize operations and improve #customerexperience. Sopra Banking Software (SBS) is a global technology company that provides solutions to banks and financial service industries to re-imagine and accelerate their digital transformation processes. SBS stands to benefit from the global scale and experience of Axway, which has successfully transitioned to a subscription-based business model which provides customers with continuous access to #data, updates and improvements. This #strategic acquisition will enable Axway to extend its geographical footprint to Europe, the Middle East, and African regions along with opening its gateway to more #revenuestreams. It will also help SBS to efficiently streamline its banking #operations with better integration and API Management by leveraging Axway’s technological capabilities thereby reducing the faster time-to-market and enhancing the overall customer journey experience. The move reflects a forward-looking approach, combining technological prowess, financial acumen, and a commitment to shared values. As the FinTech industry evolves, this strategic move positions Axway as a key player, ready to navigate the challenges and opportunities ahead. #acquisition #apimanagement #bankingindustry #fintech #quadrantknowledgesolutions

Building a new hierachy in the world of banking is essential. Data should move around the client, not up and down static product lines. Legacy core banking has created a straight jacket around products where every product requires the same data, or construction of integration layers or data warehouses to hold a static and some dynamic data. Sharing across product lines is also blocked because remuneration often goes against collaboration inside the organisation. A new approach, and maybe better approach would see identity (individual or corporate) at the centre of services that can be managed by the client through organisation, and maybe across and up and down organisations. Multiple access requests for multiple services load cost and complexity on an already stretched system. Failure to recognise clients and their activities can result in lost sales opportunities and also in higher risk. Distributed ledger technology, mainly associated with crypto, offers a cloud native opportunity to orchestrate data around apps and clients creating a dynamic and flexible world to reduce realiance on technologies like cognotec, DB2 and Oracle. The cost dynamic and the way in which APIs can be developed rapidly to use data in new business processes make distributed ledger a world beater.

🚀 Explore our latest article on the inevitable migration from Swift MT to MX with our SAI solution! ✨ Migrating to the Swift MX format by November 2025 is critical to remaining competitive and compliant with current standards. 🔄 Satisco Application Integration (SAI) simplifies this complex process by automating the conversion, managing the transition period and providing seamless integration with all systems. 🛠️ SAI offers automated MT to MX conversion, intelligent transition period management, easy integration with all systems, an integrated monitoring tool and much more! To learn more, read the full article on our blog 🌐 https://lnkd.in/ex5ui929 #Swift #Digital #Transformation #Solution #Finance

‼️Very important article. 🗣️Would love to know your opinion on this

For over 15 years, experts have predicted the demise of legacy systems, urging institutions to modernise their tech or risk obsolescence.   However, this shift hasn't materialised. Instead, we have become an industry of integrators, partnerships, and external hubs of complex spaghetti systems with multiple stakeholders that rely on payment orchestration layers and other integration wrappers, unhealthy obsessed with front ends with a complete disregard for the core systems that drive it all. In our white paper with Consult Hyperion, we take a step back to reevaluate the long-term. We examine the payments system architectures that FIs, banks and processors utilise today, highlighting their benefits, disadvantages and where they should sit in your tech stack. This is a must-read for any C-level executive or payments professional seeking to break free of legacy thinking and strive to build a future-proof #payments ecosystem ➡️ https://lnkd.in/eKT9Wrxb

💳 What does a card system migration mean, why it matters and how to do it? As new ways to pay come to the fore and cash takes a back seat, having a modern software infrastructure that can cope with online and mobile payments is vital to any bank’s future. Deniss Filipovs from Tietoevry Banking gives an outlook at what it takes to replace or upgrade your card payment systems. 🔗 Read more: https://lnkd.in/dVsbByRu #TietoevryBanking #BankingIndustry #payments

In all the cases when we are talking about major system modernization, migration approach is one of the core topics banks are interested in. Here we are trying to summarize our experience when it comes to modernizing cards' platforms.

Enjoy swift feature updates and independent service deployment without disruptions. From building external ecosystems to ensuring scalability and easy maintenance, our microservices architecture redefines the future of agile and efficient banking. To know more visit: www.mindgate.solutions #MicroserviceArchitecture #BankingSolution #BankingTechnology #Bank #DigitalTransformation #Digitalbanking #BankingInnovation #MicroServices #MindgateSolutions #RealTimePayments #UPI #UPIPayments #DigitalInnovation #PaymentsSimplified #SeamlessTransaction #MindgateImpact