Slowly but surely, Frank is eliminating every trace of Bank Solutions by pointlessly renaming it to "Account Processing" or "Premier" every chance he gets. The next step will be to lay off the rest of the unit and then ramp up the Clover emails as a cover-up.
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Bank Solutions is a great division. Sadly, losing the people who made it great is sad to see. For a bit, the OFD stuff didn't impact that division as much as others, like Cards, which is why I was happy there for a while. Then, it did. I miss my team as they made the job great for the most part.
Agree with everything posted here, with the exception of 'Finxact. The beginning of the end for all the legacy cores'. These next GEN cores all require a legacy banking platform to lean on. Finxact fills only the light weight digital space with agility of speed to market. Yes core platforms do have tech and compliance debit but the difference is they HAVE expertise (had in the case of Fiserv) and mature software. Mature Core's must focus on the business of banking, leaving integration to others, margins for both core vendor and Fi no longer support the one core vendor model . FI's must reset their expectations focus on strategic channels especially community inclusion. Community Banks and CU's do not have the resources even with Fiserv to take on the large banks.
They were trying really hard to emphasize that the legacy cores would co-exist with Finxact. That Finxact can't handle everything that a bank needs to do. Then they slipped in a little "our go-forward cores" are safe.
They just don't want all the core employees to leave at the same time. They need time to move the customers onto one or two cores, before they can build up finxact to replace the cores entirely.
Finxact. The beginning of the end for all the legacy cores.
That would be d-mb
I don't see how Byron survives either, TBH.
Keith will be forced out with Todd
Keith needs to go and all of his directs.