MIAMI, October 8, 2021 – JIC Bank chooses Cyberbank from Technisys, the cloud-native, next-gen digital and core banking platform to deliver differentiated, and tailored, financial products to consumers and small/medium businesses, at point of need.
JIC Bank is poised to embrace digital innovation with Cyberbank, the white label, next-gen core banking platform from Technisys to create and deliver personalized financial products, dynamically, to meet ever-changing customer needs.
“We evaluated other next-gen core platforms, but chose Technisys for its proven core architecture, deep expertise regarding compliance requirements, and extensive functional coverage for our client base,” said Joseph Tempelberg, CFO of JIC. “This partnership gives us the agility and freedom we want to create novel financial products that are tailored to the specific needs of each and every customer on any device.”
JIC Bank recognizes that the Cyberbank core banking platform is designed to support the concierge banking needs of individuals and medium/large business customers at every stage of their financial journey. Traditionally, banks require customers to access various applications, each with different credentials, for their personal and business needs. With Technisys, JIC eliminates these siloed and disjointed customer experiences.
“We needed the ability to deliver a frictionless and user-friendly experience by offering tailored products and services in real time – with low-to-no-code ease,” said Atabey Perez-Castro, General Manager of JIC Bank. “Technisys can deliver this.”
JIC Bank’s initial roll-out plans include digital wallet capabilities, and cutting-edge technology for its consumer and commercial deposit account holders.
“We are excited to partner with JIC bank to make their strategic vision a reality,” said Ian Cunningham, COO of Technisys, North America. “With our API-centric architecture, the Cyberbank Core banking platform will enable the bank to be up and running in as little as six months.”
Banks Are Asking the Wrong Questions About Core Modernization
In the early 2000s, Netflix offered Blockbuster an opportunity to integrate its online DVD rental model for $50 million. Blockbuster, bullish on its retail dominance, dismissed the offer, scoffing at the idea that digital and mail-based rentals could compete with its physical footprint. Blockbuster became a relic, while Netflix grew into a $433 billion global company.
Galileo Brings Co-Brand Debit Rewards to Hospitality Sector
Galileo is bringing its debit card rewards programme - which allows brands to offer debit users access to rewards normally reserved for credit card customers - to the US hospitality sector.
Choosing the Best Banking Option Isn’t Always Easy
Choosing the right banking option can be complex, with consumers weighing features like fees, accessibility and digital tools across traditional banks, credit unions, online banks and fintech firms.
Relationship Fragmentation is Killing Loyalty: How Should Banks Respond?
Banks have long believed that delivering core banking services inevitably leads to ownership of their customers' full financial needs. That's becoming a dangerous myth, according to a new report on emerging consumer behaviors across multiple generations.
Galileo Rolls Out Wire Transfer API for Fintechs
Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced it is arming fintechs with wire transfer capabilities, enabling them to better serve consumers and businesses by offering another option for fast, secure money movement.