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Coronavirus (Covid19) and the Banking Industry: Impact and Solutions

Leor Melamedov Photo: Collected Banks certainly have their hands full in light of the novel coronavirus outbreak (COVID-19). Borrowers and businesses face job losses, slowed sales, and declining profits as the virus continues to spread around the world. Banking customers are likely to start seeking financial relief, and federal bank regulators in the U.S. are encouraging banks to

Cloud Banking: Cloud Computing is the future of banking technology

It’s just a matter of time before all financial institutions move their technology to the cloud. As banks adapt to market changes and new technology landscapes, cloud computing is playing a major role, providing alternative ways to access to core banking technology. The spiraling costs of deploying and maintaining complex in-house legacy


‘Local software must demonstrate THAT they cannot be manipulated and have a proven track record’ I was very much involved with the banking industry when it moved from hand posted ledgers to basic analog accounting machines (NCR 32) which operated on gears to very basic accounts system where magnetic strip behind