US banking infrastructure providers dominate core services market, KC Fed study says
( April 2, 2024, 19:54 GMT | Official Statement) -- MLex Summary: A US Federal Reserve Bank of Kansas City study found that the Big Three core services providers — FIS, Fiserv, and Jack Henry — served 72 percent of banks surveyed in 2022, possibly giving them market power over banks of all sizes. These core systems provide banks' primary services such as account and customere management; deposit and withdrawl processing; loan processing; and finance and accounting.See document below....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.