Core10

We recently had the opportunity to share our insights with Bank Director about middleware in banking. Our team explains how middleware serves as an adaptive layer, enabling financial institutions to innovate without replacing their core systems. This technology facilitates seamless data exchange through APIs, supports real-time activities, and enhances scalability.

Check out the article to learn the value FIs and other fintech partners find middleware offers and how it can drive innovation forward.

Thank you, Bank Director, for the opportunity to contribute to this important discussion.

Struggling to Improve Technology, Financial Institutions Turn to Middleware Middleware promises a shortcut around the core, but it’s not a “set it and forget it” solution.

Only 45% of SMBs now rely solely on banks for payments or credit, down from 64% in 2020.

Community banks have a unique opportunity to capture the growing small business market, but they must adapt their strategies to cater to the changing demands of this customer base. This entails offering:

💼Expert Advice: Small business owners crave guidance and expertise in navigating financial complexities, freeing them to focus on their core competencies.
💼Convenience: Seamless, hassle-free banking experiences are paramount, enabling entrepreneurs to devote more time to growing their businesses.
💼Personalization: Tailored solutions that blend human interaction with technology are in demand, offering a differentiated banking experience.

Accrue Digital Lending equips community banks to meet these demands, providing the digital capabilities and personalized service that modern entrepreneurs expect.

Ready to enhance your small business banking services and stand out in a crowded market? Learn more about Accrue. https://bit.ly/3zT0UJu

Is your bank’s tech stack holding you back? 🏦

Portability is key to staying competitive in today’s fast-paced financial landscape. Core10’s Mesh middleware ensures seamless integration and communication across systems, allowing you to:
1. Adapt quickly to market changes and customer demands
2. Integrate new technologies effortlessly
3. Reduce costs associated with maintaining legacy systems

Mesh is the strategic enabler you need for modernizing operations and delivering superior customer experiences. Discover how Mesh can revolutionize your banking operations. https://bit.ly/3zKVFeB

Your business needs to keep up with the ever-changing environment of banking and fintech. That’s why we’ve created trusted solutions to deliver the results your business needs to grow and innovate. It’s why we’ve recruited a deep talent pool of experienced, trained employees – right in our own backyard. And why we’re committed to enabling our customers to reduce manual inefficiencies, drive customer growth, and generate revenue opportunities.

At Core10, we’re your partners along your digital innovation and transformation journey – and we want to see you win. Our expertise supports digital account opening and lending, fintech and core connectivity, and tailored development solutions to meet your specific needs.

Learn more about how Core10 can help your business stay ahead: https://bit.ly/4bE6611

Happy Independence Day! 🇺🇸 Core10 wishes everyone a joyful and relaxing day with family and friends.

CIOs report that 10 to 20% of their technology budget dedicated to new products is diverted to resolving issues related to tech debt.

Technical debt is often viewed as the trade-off between short-term and long-term value in a technology product. While there are sometimes perceived benefits to quickly releasing a product or feature, the long-term implications can be costly.

Don’t let technical debt derail your innovation. Read the full blog to learn more about how to keep your development on track and your costs under control. https://bit.ly/3ztP5cj

(Source: McKinsey & Company)

In 2024, security and fraud prevention remain at the forefront of concerns for bankers. As digital transformation accelerates, the need to protect customer data and comply with stringent regulations has never been more critical.

Core10 is well-positioned to solve these challenges. Our digital account opening platform, Accrue, is designed to prevent fraud and boost compliance, ensuring that your institution stays secure and compliant.

✅ Prevent Fraud With Automated KYC and KYB
Accrue offers pre-built integrations with leading KYC and KYB vendors, helping you identify and eliminate fraudulent applications efficiently. Focus your resources on legitimate prospects and enhance your institution's integrity.

📊 Enhance Reporting
Empower your team with comprehensive data analytics and dashboards for a 360-degree view of your customers. Accrue captures essential data for regulatory reports and automates report generation, saving your team valuable time and effort.

🔐 Securely Send and Receive Information
With Accrue's customer portal, you can request and receive documents securely, eliminating the need for email attachments or external file-sharing servers. Keep your data protected and streamline your application process.

Stay ahead of the curve with Core10 and ensure your bank remains a fortress of security and compliance. Discover how Accrue can empower your institution to remain secure and complaint: https://bit.ly/45JF0UE

🏡 Manage your FI like a savvy homeowner...

Joel Legg, VP of Technology, puts it perfectly: "As a homeowner, you have multiple companies that provide services to your home: utilities, water, electricity, homeowners insurance, etc. You have to pay each one of these companies individually to take care of your home. But, if you had one place to go to take care of these items, it becomes much easier to not only manage your finances, but to see the full picture of how each entity is impacting your financial health."

That’s exactly what Mesh helps community FIs accomplish! Like a central hub for your home services, Mesh connects your technology partners to the core and streamlines your banking operations – enabling you to manage integrations in one secure location and unlock new possibilities for data analysis and growth.

🔗 Are you ready to see how Mesh can transform your financial institution's approach to digital modernization? Read more about our solution here:

Digital Modernization Success With Mesh | Core10 Mesh solutions provide digital modernization for banks and fintechs to keep these financial institutions ahead of the competition.

The key to success in digital lending lies in the customer experience. Here are three critical components banks should focus on:

Omnichannel Experience: Engage customers consistently across multiple channels.
Integrations: Ensure efficient lending processes with minimal manual data entry.
Intelligent Workflows: Elevate team members from busy work to focus on building customer relationships.

Dive into these keys and how our Accrue Digital Lending platform can enhance your borrowers' experience in our blog.

Customer Experience: The New Driver of Digital Success for Banks | Core10 Learn how enhanced customer experience is revolutionizing digital banking success, and how Core10’s solutions can supercharge your transformation.

Digital transformation has banks weighing the decision to build or buy their tech stacks. With open APIs having revolutionized the industry, the choice is no longer straightforward. Whether it's control and enhanced customization with an in-house build or accessing the latest technology and proven solutions by purchasing, both paths come with their own set of pros and cons.

Read our blog to navigate this critical decision and discover which option aligns best with your bank’s strategy and goals. https://bit.ly/3VfSlz6

Struggling to keep your bank's efficiency ratio in check? Dive into our latest blog to discover how API management can revolutionize your operations.

Improve bank efficiency ratio with API management | Core10 Core10 discusses how to reduce overhead in banking and improve efficiency ratio with API management.

SMBs are looking for more than just banking services—they want advice and help running their business. However, when bank teams are bogged down with mundane tasks, it hinders their ability to provide this crucial support. This advisory role is a key differentiator and can ultimately drive SMBs to leave the bank if poorly handled.

➡️ Core10's Accrue platform enables pre-built forms, automated workflows, and key integrations to pull your team out of busy work queues and elevate them to their highest value — growing relationships with your customers.

Enhance your team's value and empower them to better serve your SMB customers. Book an Accrue demo today! https://bit.ly/3yNORfZ

Data maturity in banking can yield significant results, with an impressive 61% ROI for those who advance in this area. At Core10, we understand the transformative power of data.

Core10's Mesh is designed to aggregate data, offering more than just data collection. With Mesh, you gain access to robust analytics and reporting capabilities that turn raw data into actionable insights.

Uncover new trends, make informed decisions in real-time, and stay ahead of the competition. Empower your financial institution with Mesh and experience the difference that advanced data maturity can make. https://bit.ly/456Z0jR

(Source: Accenture)

When 65% of banking transactions are expected to be digital by 2026, a modern digital presence is crucial! Our VP of Revenue and Marketing, Tyler Brantley, shares five key principles for banking modernization in our latest article.

1️⃣ Customer Experience: Create seamless, personalized platforms.
2️⃣ Innovation: Invest in API integrations, account opening, and digital lending tech.
3️⃣ Data Privacy: Proactively address privacy and security risks.
4️⃣ Compliance: Navigate regulations like 1071 with ease.
5️⃣ Risk Management: Understand the potential impact of digital solutions.

Read the full article to dive deeper:

Creating Digital-First Strategies: Five Principles for Banking Modernization Discover five key principles for banking modernization and learn how to drive digital-first strategies in Tyler Brantley's latest insights.

We are often asked, "How can API development benefit my financial institution or fintech?"

Although the solutions are complex, the benefits are simple. Among the many benefits, APIs enable your systems to adapt to market demands, keeping you ahead in the industry. They offer seamless connectivity with top-tier lending, security, and compliance platforms, enhancing both efficiency and customer experience.

We have 7+ years of experience spanning:
🚀 New API development
🔗 Connecting API-driven systems to FIs and fintech systems
📈 Expanding existing API sets for specific use cases

Increase your speed to innovate. Learn how Core10's API development services can support your business' unique growth needs.https://bit.ly/4bCtrRd

This Memorial Day, Core10 pays tribute to those who served and sacrificed for our freedom. We are forever grateful for your service.

As the digital-first approach reshapes banking, it's crucial to cater to the tech-savvy demands of Gen Z and Millennials. These younger consumers seek fast, convenient, and secure services. Understanding their unique needs and preferences can significantly enhance customer loyalty and satisfaction.

At Core10, we provide top-tier digital banking integrations with our Mesh integration layer. Mesh centralizes partnerships, enabling rapid innovation, fintech-forward technology, and a 360-degree customer view. Empower your bank with scalable, secure, and cutting-edge solutions. Discover how Core10 can modernize your banking experience and attract the next generation of consumers.

Modernizing Integrations for Digital Banks | Core10 Why modernizing integrations for digital banks is critical to attracting Gen Z and millennial consumers, and how your bank can seamlessly implement technology that supports their needs.

When up to 50% of customers abandon digitally opening an account if it takes more than 3 to 5 minutes, it's imperative to prioritize the digital experience. According to BAI, the leading reasons for abandonment include:

1. Completing information online but needing to finish paperwork or verify identity in a branch
2. Technical glitches
3. Excessive questions causing frustration and drop-off

Core10's Accrue Digital Account Opening solution effectively addresses these pain points.

🔗 Pre-filled forms make account opening and ongoing maintenance faster and easier for everyone.
🔍 Pre-built integrations to leading KYC and KYB vendors streamline verifications.
⚙️ A configurable decisioning engine provides instant pre-approvals.

Reduce abandonment rates and grow your deposits with Accrue. Discover how we can enhance your digital account opening experience. https://bit.ly/3wWvOPI

Whether you're investing in software development, product modernization, or application updates, the right financing strategy can make all the difference.

🔍 Curious about how to finance your next development project? Discover the nuances of CapEx (Capital Expenditures) and OpEx (Operational Expenditures) and find the best approach for your business needs.

🔗 Read More: https://bit.ly/4bG7nFd

At Core10, we tailor our approach to fit your unique budget and project requirements. Contact us to explore development strategies and budget solutions for your next IT venture!

CapEx vs. OpEx: 2 Way of Effectively Financing Your IT Projects | Core10 Maximize the impact of IT budgets with creative CapEx and OpEx funding strategies. Learn the two ways to finance your next software project.

We often hear about "connectivity," but what does it really mean for the banking industry? That's exactly what we aimed to address with the creation of Mesh. Mesh enables iPaaS capabilities –bridging the gap between multiple disparate systems and partners and empowering banks to expand their services and capabilities seamlessly.

A Mesh user shared, "We wanted the ability to integrate more quickly and have portability as technology changes." Thanks to Mesh, banks can keep pace with the big and challenger banks by accelerating their innovation and speed to market.

🚀 Discover Mesh for Your Bank
Curious to see how Mesh can revolutionize your bank’s capabilities? Visit our website to learn more about Mesh and start your journey towards advanced connectivity. https://bit.ly/3wxn2I0

As 94% of community financial institutions (FIs) emphasize the need for the latest technologies to satisfy customers, it becomes essential for these institutions to find a reliable partner to guide them through their digital innovation journey.

That's where Core10 comes in. We are committed to being that trusted partner, helping FIs navigate the complexities of digital innovation and meet the evolving needs of their customers.

🚀 Accrue Digital Account Opening and Lending Platform: Boost your deposit growth and fund more loans, faster

🔗 Mesh Banking Infrastructure Platform: Seamlessly connect your technology ecosystem to empower smarter, data-driven business decisions.

👨‍💻 ProServices: Access our API solutions and software product development expertise, tailored to meet your unique needs.

Discover how Core10 can elevate your digital innovation strategies on our website: https://bit.ly/4b5XYXD

(Source: CSI)

Automation isn't just a buzzword anymore—it's a game-changer for financial institutions (FIs) looking to streamline operations and boost their bottom line. Recent studies reveal staggering savings potential, with FIs able to pocket at least $100,000 per year through automation initiatives.

Core10's Accrue Digital Account Opening Platform is revolutionizing the way FIs operate. Pre-filled forms make account opening and ongoing maintenance faster and easier for both customers and bank team members. A configurable decisioning engine provides instant pre-approvals and automated verifications.

Provide faster approvals and onboarding with Accrue. https://bit.ly/3UpIGWu

(Source: SMA Technologies)

Ever wondered why professionals like Robert choose Core10? Our team culture celebrates expertise and collaboration, all while embracing remote work.

Sound intriguing? We're on the lookout for a Senior QA Engineer and other roles. Explore our job listings and start your journey with us!

https://bit.ly/3UIm1WS

Cybersecurity remains a persistent challenge for banks. 42% of banks cite cybersecurity as a top concern, and for good reason. Losses incurred by financial organizations amount to approximately $5.9 million per cyber incident, surpassing the average across all industries ($4.45 million).

Ready to fortify your institution's defenses? Explore actionable strategies in our latest blog on mitigating the top 3 security and compliance risks for your bank. https://bit.ly/3y0s6oz

Sources (Cornerstone Advisors & IBM)

Top 3 biggest threats to banks | Core10 Avoid banking security and compliance threats through mitigation strategies. Read to learn more about the top risks.

Gear up for the impending great wealth transfer! With over $70 trillion projected to change hands in inheritance over the next two decades, it's essential to adapt to the evolving preferences of the recipients, who increasingly favor digital and seamless banking experiences.

To ensure your financial institution is well-prepared for this shift, collaboration with best-of-breed fintech partners is paramount. But, don't let the time to integrate slow you down.

Simplify integrations and increase speed to innovate by enlisting the expertise of a middleware partner. Discover how our Mesh middleware streamlines connectivity, positioning your institution for success in this dynamic landscape.

https://bit.ly/3y2dB3p

(Source: BAI)

🎉🏦 We're thrilled to join in celebrating Community Banking Month at Core10! 🏦🎉

Did you know that 81% of community bank loan applicants reported being satisfied with their experience? That's a remarkable figure compared to 68% at large banks, 62% at finance companies, and a mere 48% at online lenders. This statistic speaks volumes about the personalized service and community banks offer.

At Core10, we recognize the vital role community banks play in supporting local economies. That's why we're immensely proud to be part of their digital innovation journeys. By providing talent and solutions, we empower community banks to thrive and grow while continuing to serve their communities,

Here's to celebrating the invaluable contributions of community banks everywhere!

(Source: Fed Small Business)

Finopotamus recently asked our VP of Technology, Joel Legg, "As credit unions assemble their ideal technology stack, what’s your best advice on how they can avoid gaps and overlaps?"

Hear his take on middleware and how our Mesh solution is helping FIs gain greater command and agility in tech stack management.

https://bit.ly/4aDg42Y

With all products and services equal, SMBs say they would prefer to work with smaller banks. Yet, regional and megabanks banks have 90% market share of SMB checking accounts.

How can community banks reclaim their market share? Here are three strategies worth considering:

💡 Empower Your Bankers: Equip your banking professionals to serve as knowledgeable advisors at scale.
💸 Enhance Convenience: Streamline money management for your SMB clients, making it effortless and efficient.
👥 Personalize Service: Demonstrate a deep understanding of your customers' needs by delivering tailored experiences.

It all begins with prioritizing the customer. Discover how Core10's Accrue Digital Account Opening platform can support you in delivering the business services your customers expect and need.

(Source: Cornerstone Advisors)

https://bit.ly/3vY4Bfd

By 2026, 65% of bank transactions will flow through digital channels. 📲

What does this mean for the evolving landscape of customer demographics?

Consider this: The average age of community bank customers surpasses that of big bank and neobank counterparts. With this aging demographic, there's a noticeable decline in product engagement over time.

To thrive, community banks must be well-equipped to capture younger consumers. If you need help navigating a digital-first ecosystem, reach out to our team. https://bit.ly/3PSWWpf

(Source: BAI)

Whether you're embarking on your journey or already in motion, reach out to us and discover how we can empower your success.

https://bit.ly/43EG4bf