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RECENT ORDERS
Who’s bought what? WHO? OREGON STATE WHAT? KEYSTONE
move to Corelation’s KeyStone core processing offering. The US FI will convert to KeyStone in the winter of 2017.
O
Oregon State, which has been on its current system for approximately 30 years, needed to have a core solution that was flexible enough to grow and meet the ever-changing needs of its membership.
President/CEO Rick Hein says that Oregon State will also benefit from the technology being designed on industry standard platforms and making its KeyBridge API available to the sector. “We conducted an extensive review of several alternatives and determined that Corelation and
regon State Credit Union is making the
the KeyStone system is a breath of fresh air to core operating systems and the credit union industry,” says Hein. “Corelation wants us to succeed using their innovative state-of-the-art Keystone programme. Their software is designed from the very beginning with the goal of taking full advantage of the latest technology. The cultures at both of our organisations align extremely well and prioritise a genuine concern for member service.”rolled out its mobile app. By the end of 2016, customers will have access to fixed term savings, current accounts, overdrafts, debit and credit cards, instant access savings and residential mortgages, all serviced via the app.
Scott Thompson WHO? NEON WHAT? IDENTITYX
Brazil, targeting Millennials and using Daon’s IdentityX platform for biometric authentication. Customers will be able to use facial recognition to access their account and to perform such transactions as payments, via Visa-branded physical and virtual cards.
M
The new entrant is pitched as a reaction against brick and mortar banking turn offs, including long lines, bureaucracy and hidden fees. The company is a spin off from
Contro.ly, a FinTech founded in 2014. Its goal is to reach 100,000 active customers in its first year of operation. “My distaste with the traditional banking model started after a disastrous experience during international travel where my bank didn’t bother to help me through a tough situation. It was then that I realised I was just another number to them,”
obile only bank Neon has launched in
says Neon boss Pedro Conrade. “We are a bank founded by young people conceived for a new generation of banking customer. Our focus is to encourage sound financial planning and education to ensure that the youth of this country will not start their lives in debt.”
“Daon works with some of the most innovative brands in the financial services industry and we’re excited to be working with Neon to provide their customers with a superior user experience through the use of biometrics,” says Tom Grissen, CEO at Daon. “Convenient and secure authentication has become critical in today’s digital economy as customers embrace their smartphone as the preferred device to do business online.”
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2016
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