Serge Beck, the founder and CEO of Omniwire, is driven by his belief that people deserve robust and secure financial services. getty As customers demand speed, personalization and real-time access—and markets call for adaptability—traditional core banking systems are evolving to satisfy the demand. Core banking is the central system that handles financial operations, including accounts,
Chris Gallagher | Contributor Story by: Input Comms Traditional finance has a long list of criticisms, but its biggest drawback has been the continued and often timeless dependence on intermediaries. Banks, payment processors, and clearinghouses slow down transactions and add extra costs. This system has limited financial access. Neobanks attempted to change this formula but
When it comes to your money, you don’t want to take any risks. Mobile banking apps make managing your finances a breeze, but is it safe to use them? The short answer is yes. Banks use a variety of security features to keep your data safe when you’re using their apps, but you have a