The big news this week? Banks and cores move to the cloud

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team discusses the big trend this week in banking technology: the shift to cloud services. The cloud-focused news started Monday, with news that Fiserv will acquire cloud-native digital banking solution Finxact. This is the first true cloud-native core banking solution running on Amazon Web Services (AWS) for Fiserv, said David Albertazzi, director of Aite-Novarica Group’s retail banking and payments practice. BAN shares his insights into the core market’s race to the cloud. Core provider Jack Henry and Associates also revealed this week that they’ve been pursuing a cloud strategy for two years. Associate Editor Alijah Poindexter provides the details about that plan, gleaned from this week’s Jack Henry earnings call. The team also notes the historical significance of NCR’s plan to shift the bulk of its revenue to services and software from hardware. Tune in for a discussion of more finance-related cloud news, as well as a peek at what’s ahead, in today’s episode of the Weekly Wrap with Poindexter and BAN Deputy Editor Loraine Lawson for the week ended Feb. 11, 2022.