#core banking Tech News.
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The latest core banking news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks core banking across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Finastra sold its Universal Banking (UB) global core banking software business to UK private equity firm Pollen Street Capital. Financial terms of the deal were not disclosed. The sale offloads a major product line from the financial technology company.
First Commerce Bank, a $1.8B-asset New Jersey community bank, selected FIS as its core banking platform. The AI-ready system gives the bank a modern foundation to compete on technology with national banks and digital-first challengers.
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