Cloud Banking news and trends

NCino Reports Demand for Cloud Banking, AI Drives Record Sales
Earnings // May 29, 2024

NCino reported Wednesday (May 29) that demand for its single-platform cloud banking solution and artificial intelligence (AI) features drove record gross sales in the most recent quarter. The company reported that its total revenues of $128.1 million for the first quarter of fiscal 2025, which...

M&T Bank Taps Rich Data Co for AI Decisioning Platform
Banking // May 27, 2024

Rich Data Co. (RDC) has taken another step in the global expansion of its artificial intelligence (AI) decisioning platform for business and commercial lenders. The company has signed its first customer in the United States, M&T Bank Corp., RDC said in a press release emailed...

Cloud-Native Banking Presents Opportunities for Core Banking Innovation
Cloud Banking // May 24, 2024

The modernization of back-end systems represents an ongoing challenge for banks, especially as they seek to introduce new digital-first services. The options used to be stark: Rip and replace, or get the most mileage of the legacy systems already in place. In recent years we’ve seen the continued emergence of...

NCino to Acquire DocFox, Enhance Onboarding in Cloud Banking Solutions
Acquisitions // March 18, 2024

NCino plans to acquire DocFox to create a single platform that will enable financial institutions to manage the entire client lifecycle. The combined solution will encompass information intake, document collection and due diligence, the companies said in a Monday (March 18) press release. NCino’s acquisition of DocFox is expected...

Interviews & Exclusives
Cloud-Native Banking Presents Opportunities for Core Banking Innovation

May 24, 2024
The modernization of back-end systems represents an ongoing challenge for banks, especially as they seek to introduce new digital-first services. The options used to be stark: Rip and replace, or get the most mileage of the legacy systems already in place. In recent years we’ve seen the continued emergence of cloud-core banking systems used in the service of conducting daily banking activities, […]

Form3 CEO-US Says FedNow Launch Pushes Banks to Embrace the Cloud

August 02, 2023
Banking in the cloud might have once been a nice-to-have, but over time has become critical to enabling the changes that banks are trying to enact across the payments landscape....

Banks Look to the Cloud to Deliver Real Time Payments Speed and Security

April 14, 2023
As real-time payments schemes take root around the world, financial institutions must grapple with new operational and technical challenges. Dave Scola, U.S. CEO for Form3, told PYMNTS that the issues are...

Cloud Unlocks Embedded Finance Use Cases for Banks, Says Green Dot

October 14, 2022
Digital services have become par for the course in modern banking, and banks are scrambling to offer the most impressive experiences. Some of the most common services banks offer include...

Quick Reads
Mastercard and Thought Machine Partner to Deliver Core Banking Capabilities

June 17, 2024
Mastercard and Thought Machine have expanded their partnership to deliver payments and core banking capabilities to financial institutions worldwide. This collaboration brings together Mastercard’s global network and digital solutions and Thought Machine’s cloud-native core banking and payments platform, the companies said in a Monday (June 17) press release emailed to PYMNTS. Together, the companies aim […]

NCino Reports Demand for Cloud Banking, AI Drives Record Sales

May 29, 2024
NCino reported Wednesday (May 29) that demand for its single-platform cloud banking solution and artificial intelligence (AI) features drove record gross sales in the most recent quarter. The company reported...

M&T Bank Taps Rich Data Co for AI Decisioning Platform

May 27, 2024
Rich Data Co. (RDC) has taken another step in the global expansion of its artificial intelligence (AI) decisioning platform for business and commercial lenders. The company has signed its first...

NCino to Acquire DocFox, Enhance Onboarding in Cloud Banking Solutions

March 18, 2024
NCino plans to acquire DocFox to create a single platform that will enable financial institutions to manage the entire client lifecycle. The combined solution will encompass information intake, document collection and due diligence,...