The core conversion Live Oak Bank started a year ago has been completed on time, according to Chairman and CEO James "Chip" Mahan. The $8.2 billion-asset bank, a unit of Live Oak Bancshares, now runs on cloud-based software from Finxact...
Not that long ago putting customer information in a public cloud was unthinkable. Now, financial institutions large and small are taking the plunge, enabling them to respond to customer expectations 'like a...
North Carolina-based lender Live Oak Bank has gone live on a new core banking system from Finxact. The bank, which holds $9.9 billion in assets under management, switched its retail and commercial...
The core conversion Live Oak Bank started a year ago has been completed on time, according to Chairman and CEO James "Chip" Mahan. The $8.2 billion-asset bank, a unit of Live Oak...
After over two years of collaboration, Finxact and Levvel have entered into a new formal partnership to solidify the two organizations’ alignment and focus on shared customer success.
Primis Financial in McLean, Virginia, is planning a digital bank. The as-yet-unnamed bank will use a cloud-based core platform from Finxact and services from fintechs such as Apiture, Savana and Levvel.
Finxact, the leader in Core as a Service banking, announced today that Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, will...
Frank Sanchez is looking to create another core processing banking system. Based in Jacksonville, Finxact says the area benefits from the area’s deep roots in the financial technology sector.
Most people within financial services are familiar with the term open banking, the concept of allowing data to flow in a controlled fashion from one repository to another, i.e. from banks to...
The regional bank is switching VirtualBank, a digital-only unit added through a recent merger, to a core system that relies on Finxact software and Amazon Web Services. The move epitomizes the industry’s...
Amidst the merger of US regional banks, First Horizon and Iberiabank, the latter’s long-standing VirtualBank is migrating to Finxact’s core platform. It is moving from Iberiabank’s legacy core system which in turn...
In this interview with FinLedger, Kovacs discusses her current role as chief product officer at Finxact, how the company has pivoted with COVID-19; her career and the challenges facing women working in...
Live Oak Bank has begun deploying a core banking system from Finxact that runs on Amazon Web Services. The move is significant because the use of core banking systems that live on...
Finxact, the leader in Core as a Service banking, today announced the launch of the Finxact Marketplace along with its new corporate website. The Marketplace will feature best-in-class, API-driven technology providers that...
Finxact, a Core banking software provider, has announced that it has completed re-platforming initiative to support its financial institution clients on Microsoft Azure. The FinTech is responding to the expediting market demands...
Federal banking regulators’ latest warning about cloud security seems to have stemmed from recent data breaches and the accelerated use of cloud computing by people working from home during the pandemic. The...
San Francisco-based digital banking service One has selected Finxact and its cloud-based core banking system. One is founded by chairman Bill Harris, a former CEO of Intuit, PayPal and Personal Capital, and...
One, the middle class-focused digital banking startup founded by former PayPal and Intuit CEO Bill Harris, has selected SaaS-based core banking outfit Finxact to power its service. Entering a busy field of...
Finxact is focusing on advancing the technological capabilities of mid-market banks.
Backbase, an omnichannel digital-banking platform, announced a strategic partnership with Finxact, to help banks and credit unions looking to transform their business to digital platforms. The partnership combines the online and mobile...
Omnichannel digital banking platform provider, Backbase has announced that it has entered into a strategic collaboration with Finxact, the Core-as-a-Service platform provider to help banks and credit unions utilise the potential of...
FirstBank, a Colorado-based bank for businesses and consumers, has selected Finxact to help it launch a series of new digital products using the Finxact Core platform. FirstBank has 115 branches across Colorado,...
Finxact, the emerging leader in Core-as-a-Service banking, today announced that FirstBank, one of the largest privately held banks in the United States with over $19 billion in assets and 119 locations throughout...
FirstBank in Lakewood, Colo., has become the first customer of Finxact, a startup that has developed a cloud- and API-based core banking system. In so doing, it is joining a small group...
The American Bankers Association (ABA), Accenture Ventures, and SunTrust Bank have joined in a $30 million financing round for SaaS-based core banking startup Finxact.
Finxact, a Jacksonville, FL-based developer of Core-as-a-Service banking technology, raised $12m in seed funding. Backers included Live Oak Ventures and other strategic investors and angels. The company intends to use the funds...
For founder and CEO Frank Sanchez, this is a return to his roots. In the early 1980s, Frank Sanchez and his brother Mike started Sanchez Computer Associates and created a core banking...
Finxact, an innovator in Core-as-a-Service banking technology based in Jacksonville, announced Tuesday it has raised $12 million in seed funding from investors. The funding will be used to complete development of the...
Finxact, an innovator in Core-as-a-Service banking technology, today announced it has raised $12 million in seed funding from strategic investors and angels that include Live Oak Ventures and other industry pioneers. The...