Our bank and credit union friends are braving one of the most transformational shifts in the history of the financial industry. Technological advancements fueled by a massive change in social behavior and consumer demand have accelerated the arrival of a new age for community banking – the era of fintechs. The traditional financial institution can […]
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Blog Page 4
Category: Banking Core Integration
CU2.0 Brainstorm Recap: Credit Unions, APIs, Digital Transformation, and Embedded Finance in the Era of Fintechs
in API Management , Banking Core Integration , Digital Transformation , Enterprise Integration , Fintech
In January, I had the privilege of speaking at CU 2.0’s Brainstorm event as a panelist alongside a handful of incredible leaders, including Ajay Hans, Founder & CEO of Mobetize, Thomas Heatherly, Director of Growth at BankingOn, Kris Kovacs, President & CEO of Constellation, and Frank Wasson President & CEO of CommonWealth ONE FCU. I […]
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New Open Source Contribution – The Apache Camel Debugger
PortX, the Integration Platform as a Service (IPaaS) for financial institutions, is built on the open source Apache Camel framework. When leveraged correctly, Camel rivals the capabilities of expensive enterprise integration platforms while delivering the critical flexibility and security required in the financial industry. However, developing a financial-grade yet user-friendly platform on this powerful, evolving […]
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Demo: How to Connect Mambu to Fedwire Funds Service Using PortX
ModusBox recently announced a partnership with Mambu – the global fintech platform. At this year’s Money 20/20 event – the industry’s largest conference – we teamed up with our new partner to create a video illustrating the simplicity of connecting the Fedwire Funds Service to the Mambu core. We chose Fedwire because it is one […]
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Rating and Review: Integrating with Fiserv’s XP2 Banking Core
ModusBox works with banks and credit unions to eliminate dependency on their banking core vendor and enable the organization to leverage its core for what it does best. We do this by creating a flexible API layer on top of the banking core that unlocks the ability to quickly innovate new products and connections to […]
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Simplify and Automate Your Wire Transfer Process With PortX’s “Fedwire-As-A-Service” Solution
If you have ever sent a wire transfer, you know that the process is fraught with manual processes and a high risk of human error. Fintechs are solving this notoriously painful process with well-designed UI and API-led connections. This is driving the need for financial institutions (FIs) to improve the automation and user experience of […]
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3 Business Challenges Solved by Automating OFAC Screening With An API-Led Core Banking Integration Strategy
in API Management , Banking Core Integration , Digital Transformation , IT Management , Payment Management
Know Your Customer is a tremendous challenge to financial institutions amid today’s increasingly sophisticated financial crime and money laundering schemes, and the cost of non-compliance is expensive. In the first six months of 2021, The US issued more than $711 million of fines to financial institutions (FIs) for non-compliance with Anti-Money Laundering (AML), Know Your […]
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Increase the ROI of Banking Core Integration by Addressing Technical and Non-technical Solutions
What does your member onboarding process look like? How do you track member satisfaction through that experience? One of our clients recently approached us because this didn’t exist for their organization. The credit union had no idea what or when the touchpoints were or if the experience was positive for new members. This blog will […]
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Foundation for FinTech Innovation: Securely Sharing Customer Banking Data With GUIDs
Digital transformation can start with a relatively simple project. For some customers, that first project has come in the form of an online banking implementation or a Salesforce integration. One of our credit union customers recently started on its digital transformation journey with one of the simplest implementations – a connection to the digital lending […]
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