With the rapid rate of technological change and shifting customer demands, financial institutions across the globe have been looking to keep up with innovation and modernise their tech.
Here is our pick of five of the top banking technology stories from September, featuring PeoplesBank and Nymbus, Bank CenterCredit and Tuum, Mercantile Bank and Jack Henry, and more.
ABN Amro selects Mambu to power new neobank BUUT
ABN Amro has selected Mambu’s cloud banking platform to power BUUT, a new neobank initiative developed by the Dutch banking heavyweight to support customers aged between 11 to 18 in the Netherlands.
Launched on 3 September after 12 months in development, BUUT offers banking services for teenagers including Dutch IBAN accounts, debit cards, and a money management system that separates funds into spending and saving pots.
ABN Amro says the Mambu platform “provides several core banking services that enable the BUUT IBAN administration underlying the payment and savings accounts”. The Dutch bank already uses the same platform to power its Tikkie and New10 businesses.
PeoplesBank completes landmark migration to Nymbus Core
Massachusetts-headquartered PeoplesBank has become the largest US community bank to fully implement a cloud-native core banking system following its migration to the Nymbus Core.
Nymbus revealed this months that the migration by PeoplesBank was completed on 22 June 2025, with more than 19,000 customers said to have been obaorded during the first day of operation.
While this specific transformation project has been underway since October 2021, the relationship between PeoplesBank and Nymbus originated in 2020, when the regional bank selected the technology provider to power its digital banking initiative, Zynlo.
Sharetec overhauls leadership with new CEO and CTO
Credit union software provider Sharetec has executed a major overhaul of its leadership team, appointing Rachel Collins as CEO, and Scott Abramson as CTO.
Collins joins from specialist software company W Energy Software, where she has served as CEO since November 2022. She succeeds outgoing Sharetec chief Steffi Decker, who is now transitioning to the role of executive chairman.
Meanwhile, Abramson moves from Jack Henry division Symitar, where he has worked as senior director of product strategy and technology for over 12 years.
Bank CenterCredit taps Tuum to power BaaS offering
Bank CenterCredit, the third-largest bank in Kazakhstan with total assets of approximately $13.29 billion, has selected Tallinn-based core banking software vendor Tuum to power its new Banking-as-a-Service (BaaS) offering.
The bank has opted for Tuum’s BaaS infrastructure to offer embedded finance to fintechs and corporate partners across Central Asia and the Middle East.
The infrastructure will run parallel to Bank CenterCredit’s existing legacy systems and will be deployed on Amazon Web Services (AWS) Outposts within the bank’s data centre.
Michigan’s Mercantile Bank selects Jack Henry for core banking tech upgrade
Mercantile Bank in Michigan, US, has partnered with banking technology provider Jack Henry as it looks to upgrade its core banking tech ahead of its upcoming merger with Eastern Michigan Bank.
Mercantile Bank will integrate Jack Henry’s core processing platform which, according to the vendor, will “advance operations, automate manual processes, and improve system integration” for the community bank.
The bank has also selected Jack Henry’s Enterprise Workflow solution, which offers business process management tools and will “help the bank increase efficiency, accuracy, and timeliness”, Jack Henry says.
