back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

4 Core Banking suppliers in the European FinTech space

By Joy Dumasia

June 09, 2022

  • CBP
  • Core Banking Platform
  • Core Processors
Share

Core banking, FIS Global, Fiserv, Oracle, USAFinTech refers to software and other modern technologies used by businesses that provide automated and improved financial services. FinTech in our daily life is Mobile Payment apps, Cryptocurrency and Blockchain like Bitcoin and Gemini. In the future, the range of FinTech services is predicted to transform the market even more with AI and machine learning and will make FinTech products an integral part of our digitalised life.

FinTech’s role in society is becoming more vital than ever, mainly due to Covid-19. FinTech can be used anywhere, by anyone meaning it becomes accessible to people who may never have taken advantage of financial services before. Through access to essential financial services such as mobile money and e-wallets, FinTech companies are helping lift people out of poverty and create a more financially inclusive world.

Core Banking (centralised online real-time exchange) is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices. The core banking system helps banks modernise efficiently. With the current intensifying competition, many next-generation banks are gaining the upper hand by selecting core banking systems, thus forcing incumbent banks to review their legacy systems.

The following are 4 Core Banking suppliers in the European FinTech space: 

FintechOS is on a mission to transform how people engage with the everyday services they need, empowering organisations to become truly customer-centric, helping them adopt a data-driven approach, and consolidating critical data from multiple sources like databases or IoT devices. This connectivity accelerates processing, automation, and above all, delivery of a streamlined experience; it slashes costs too.

Recently, IBS Intelligence reported that FintechOS, a global leader in high-productivity FinTech infrastructure for the banking, insurance, and retail industries, has announced it is an accredited FinTech for PwC and Microsoft’s digital banking solution.

Berlin-based Software-as-a-Service provider, Mambu aims to provide a powerful alternative to the costs and complexity of traditional core banking systems or custom in-house solutions. The company aims to boost investments and lending and helps clients successfully start new business ventures, transform existing operations, launch new products and expand into new markets.

IBS Intelligence reported that Mambu, the cloud banking platform, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to integrate its solution into the latter’s next-generation real-time multi-currency digital wallet and digital banking platform in Europe. 

Temenos powers a world of banking that creates opportunities for people and businesses everywhere. Temenos enables growth for two-thirds of the world’s top 1,000 banks and 70+ challenger banks in 150+ countries. Geneva-based Temenos offers core banking systems to retail, corporate, universal, private, treasury, fund administration, Islamic, microfinance and community banks.

IBS Intelligence also reported that Temenos announced that Optimus Cards, the white label card and Banking-as-a-Service provider, has subscribed to Temenos open platform for composable banking to support the expansion of its cards-as-a-service business. Temenos will help the UK headquartered Electronic Money Institution launch new products faster and scale efficiently as it expands into new markets. 

Yobota is a cloud-native core banking platform built on open source technologies for maximum flexibility and scalability. Its intelligent APIs let one build and deploy bespoke financial products direct to the customer without lengthy and costly development timeframes.

IBS Intelligence reported that Yobota announced a partnership with Tranch, a BNPL startup platform that delivers flexible payments to fast-growing businesses. With the help of Yobota’s flexible architecture and API-first capabilities, Tranch can meet the demands of even the most complex customer journeys in the UK.

ALSO REGISTER FOR: IBS Intelligence NextGen Core Banking Summit 2022

Previous Article

June 09, 2022

BR-DGE and Trust Payments partner to expand payment offering

Read More
Next Article

June 09, 2022

kevin. strengthens Transaction Monitoring with Sentinels

Read More










IBSi Daily News Analysis

September 26, 2022

CBP

How will corporate banking predictions affect technology buyers?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Thought Machine announces partnership with Trade Ledger

Read More

September 23, 2022

FairMoney partners with Oradian to accelerate market growth

Read More

September 21, 2022

Azentio Software receives ISO 9001:2015 and ISO/IEC 27001:2013 certifcation

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022