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You Can Do It, but Should You?

Posted by Lee Farabaugh on Nov 21, 2020 1:00:11 PM

Have you ever looked at a project, known that it needs to get done, but just not want to tackle it yourself?

Let me give you an example.

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Topics: APIs, banking, Development, Ellie Mae, Services, outsource, staff augmentation, Plaid, Constellation

The Game of Telephone: Bridging the Gap Between Disparate Systems

Posted by Lee Farabaugh on Nov 21, 2020 11:15:26 AM

When I was a kid, “Telephone” was one of my favorite games to play.

If you’ve never played, here’s how it works: The first person in the game is given a message and is instructed to pass it on by whispering it in the ear of the next player, who then whispers it in the ear of the player after them, and so on. When the message reaches the final player, they announce it out loud, and the results are often hilariously, nonsensically different from what the initial player started with.

I’m sure there’s a metaphor in there about the dangers of gossip or why it’s important to get your information right from the source. But what strikes me today in my current career is how easy it is for things to break down in translation from one platform to another.

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Topics: fintech, APIs, banking, Ellie Mae, integrations, Open Banking, data integrations

Top 5 Use Cases for APIs in Fintech

Posted by Lee Farabaugh on Oct 23, 2020 2:11:03 PM

The other day, I was having tea with a mentor of mine who is a few years from retirement. She and her husband stumbled upon a little patch of heaven about an hour away from the city.

It’s a 100-year-old refurbished farmhouse, surrounded by 80+ acres of well-maintained pasture and  picturesque rolling hills. As if that wasn’t perfect enough, she can relax from their wraparound porch overlooking a tranquil, two-acre pond — the ideal place to relax and unwind. So of course, they bought it.

It’s a dream come true for my mentor, and I was excited for her. I had to know her secret to finding this jewel. Naturally, the next question out of my mouth was, "How in the world did you find such a stunning place in a perfect location?"

That is when the dreaminess of the story broke down.

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Topics: fintech, APIs, banking, Ellie Mae, Services, outsource, WalletFi

Growth through connectivity

Posted by Tatum Utley on Mar 3, 2020 7:45:00 AM

Can you imagine life if the lights and appliances in your house weren't connected to the power grid? What if each morning when you woke up, you had to find a power source for each light, connect it, and then turn it on? In a sense, that's what happens every day with critical functions in the financial technology industry. But it doesn't have to be that way.

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Topics: fintech, APIs, banking, integrations, Services, Loan, data integrations

Bank Local, Be Cool

Posted by Katie Weckler, CFP® on Sep 26, 2019 11:13:24 AM

 

When was the first time you stepped into a bank? Did you get a Lolli Pop from the teller? Did you open your first checking account and receive a laminated temporary debit card?

FDIC Chairman, Jelena McWilliams, recalled observing both of these and other practices of a bygone era when she recently took an exploratory trip to a local community bank in rural Virginia. At one of my favorite events of #BostonFintechWeek2019,

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Topics: fintech, banking, featured, outsource, Talent, Boston Fintech Week

Fear Not, FIs: the FiServ/FirstData merger doesn't have to stifle innovation

Posted by Lee Farabaugh on Jan 30, 2019 8:13:08 AM

Fiserv is spending $22 billion to acquire First Data in a deal to build Fintech scale. What does this mean for Fiserv’s core banking clients? While they’re likely to benefit from the combination of financial technology and payment processing giants in the long run, in the short term many banks and credit unions are worried that disruption is likely to result from the massive integration and cost-cutting effort the two firms will be embarking on.

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Topics: core banking, fintech, banking, Development, featured, integrations, Services

About Core10

Core10 is a 100% U.S.-based software development company that provides a full suite of fintech development services and support resources. We connect talent with opportunity through our technical consulting work for innovative banks, credit unions, and financial services companies. Our Hereshore® development centers employ driven, dedicated technologists with a desire to learn. The result is professional, knowledgeable, and capable resources, located in areas that are significantly less expensive.

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