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Why more banks are ditching their legacy core vendors

Ryan James is done with the legacy core system providers that dominate the banking market: Fiserv, FIS, Finastra and Jack Henry.

“The biggest threat to banking innovation is the legacy cores,” said James, who is CEO of Surety Bank in DeLand, Fla., which has $130 million in assets. “I want the bank to be here for another a hundred years, and it just was not happening under any legacy core.”His frustrations were more to do with customer service and corporate culture than with technology per se….

 

Originally Posted to: American Banker