Tuesday Topic: Finally, A Core Processing Alternative?

I am happy to see that there is a new player trying to enter the market.  Our core contract expires in 2023 and I am interested in exploring other options at that time.  In your opinion, which of the big three is the best provider in terms of cost and functionality?  We are currently on FIS Bankway and I came from a Jack Henry Silverlake bank.  I far prefer Jack Henry Silverlake, but of course it had its problems too.  Any thoughts?

------------------------------
Misty Mark
CFO
The Muncy Bank and Trust Company
------------------------------
-------------------------------------------
Original Message:
Sent: 01-29-2019 08:35
From: Barb Rehm
Subject: Tuesday Topic: Finally, A Core Processing Alternative?

American Banker probes the possibilities behind Finxact, an upstart aiming to compete with Fiserv, FIS, Jack Henry and Finastra. The ABA, SunTrust, First Data and others believe enough in Finxact to invest $30 million. What makes Finxact different? It's the first core system to run in the cloud and be sold as software as a service, which means users pay a monthly subscription fee that doesn't require a big capital outlay and hardware maintenance. If your core system needs an update-and whose doesn't-you owe it to yourself to read this story.  Today's bonus link is The Wall Street Journal story on the future of wireless. You've no doubt heard of 5G, but how about Wi-Fi 6 or Bluetooth 5? Me either, until I read this story. It's fascinating.

------------------------------
Barb Rehm
Senior Managing Director
Promontory Interfinancial Network
Arlington VA
------------------------------