1. Nostro Account: An account a bank holds with a foreign bank. For instance, a Ukrainian bank may have a Nostro account with a German bank. 2. Vostro Account: An account a foreign bank holds with ...

Here's how banks are using AI to modernize incrementally, preserve institutional knowledge and evolve legacy platforms without full-scale replacement.

Paul Payne explores why lift-and-shift cloud strategies, modular platforms and microservices failed to resolve core banking ...

In the global economy, there is an emerging culture shift where the financial industry is changing at a very rapid speed, and this change is led by the digitization of processes. Individuals require ...

The core banking systems that power most financial institutions in the U.S. have been quietly working behind the scenes for years (in some cases, decades), but recent findings suggest they may have ...

The digitalisation wave has set in motion a fundamental and inevitable change throughout the globe, triggering disruptive growth throughout all aspects of business in the corporate world as it ...

The U.S. banking system is healthy, providing a strong foundation for the overall economy amid current uncertainties. Big banks are profiting from market volatility through active trading desks, while ...