Do banks need a new core banking system?

There are two main options (with a few variations) for banks that conclude that they need to replace their core banking system: a traditional enterprise core banking system (self-hosted or as a utility) and a next-generation cloud-based core banking system. Most current implementations are still of the traditional variety.

What makes a successful bank technology modernization strategy?

Modernizing banking technology can be as daunting a task as it is essential. A successful bank technology modernization strategy should include a comprehensive look at all of a bank’s technological needs — from front-end channels like teller or digital banking to loan origination, risk and fraud management to core systems.

Is modern banking systems a good company?

Modern Banking Systems is a company that’s easy to work with and has friendly, helpful people willing to listen to our issues and help us work through them. Even their corporate culture is a lot like ours. We can say that since we’ve been a customer for over thirty years. When we started with MBS, we were a $35M bank and now, we’re a $121M bank.