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Stock impact report

Navy Federal partners with Zafin for multi-year core modernization initiative to drive performance and accelerate product innovation [Yahoo! Finance]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Yahoo! Finance
for banks, announces today its partnership with Navy Federal Credit Union, the world's largest credit union, to accelerate and de-risk a large core modernization and business transformation program that moves Navy Federal from a legacy mainframe core to a deconstructed, slim, cloud native, real-time banking core working in harmony with externalized product and pricing capabilities. Adoption of the Zafin platform on top of a cloud native banking core, will enable Navy Federal to deliver value to existing members and attract new members and deposits through personalized offerings that meet their unique needs. Additionally, it will allow Navy Federal to reduce costs associated with new product launches and ongoing product and pricing management while optimizing performance and productivity as it continues to transition to a cloud native, real-time core. "Today's banking landscape requires member experience and member service wrapped around technology and data driven products and serv Show less Read more
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