After years of taking a ‘wait and see’ approach, fintech applications are moving to the public cloud. As a vendor with the privilege of talking to both application providers and financial institutions (FIs) daily, we find very few who are happy with the WAN solutions available to them as they move to the cloud. Initially,
Anyone who has worked in a bank or credit union IT department knows a couple of truths are threaded through every technology adoption decision. Any new solution should be more secure than the last. Every solution needs to do more with less $ (or at least the same). As an industry, financial services organizations are
As security threats increase and regulations continue to change, the IT departments of banks and credit unions find themselves constantly playing catch up. And while these are very real threats to the business, IT professionals in a typical bank or CU will tell you that budgets aren’t exactly increasing year to year. Tech updates are
Banks and credit unions have one of the toughest security jobs in the world. They must balance the needs of handling some of the most important data in the world (financial records and transactions) with the need to facilitate seamless access to this data for their customers and staff. As the events of 2020 unfolded
Banking software providers have delivered some of the most solid and secure WAN connectivity for decades. From the early days of dedicated T1 circuits, to MPLS, VPN and now SD-WAN the connections between software providers and banks have been at the forefront of WAN technology. They didn’t really have a choice. As the facilitator of
As you may have heard, Finastra was hit with ransom-ware attacks and were forced to shut down a number of their products and services over the weekend. There are initial reports showing that Finastra may have been running an unpatched VPN with known vulnerability issues. While Finastra has not released the full details and scope
FinTech has exploded over the last decade. The community banking and credit union industries are craving additional features, customer experiences and way to differentiate themselves, and innovation in FinTech is allowing them to do it.
The FinTech space is transforming. This transformation has been simmering for years and is just beginning to catch fire.
Connectivity solutions will be increasingly challenged to implement the most advanced security. Enterprise scale banks can produce enterprise scale APIs but community financial institutions must rely on different methods, frequently to several vendors at a time.