Jump to Content
ABA: The American Bankers Association
Skip Section Navigation

Download Fact Sheet

  • Functionality & Response to Areas of Focus

  • Quick Facts

Functionality & Response to Areas of Focus

Core Functionality

Technisys states that Cyberbank is a next-generation, full-stack, APIcentric core and digital banking platform, providing:

  • A system of record and core banking capabilities.
  • A microservice-oriented orchestration architecture that enables customer journey modeling and ecosystem creation through dynamic use cases and a rich set of out-of-the-box services.
  • An engagement layer that provides multiple customer touchpoints, including mobile applications, full responsive web experiences, social network integration, conversational banking and digital assistants voice interactions.

Cyberbank is centered around structural flexibility, enabling financial institutions to create their own products and customer journeys with no boundaries or restrictions. It also provides a rich starter kit, a set of pre-parameterized features that allow banks to reach market readiness quickly without hindering innovations.

Cyberbank’s starter kit includes both retail and commercial banking features and among the products covered are savings and checking accounts, loans, credit cards, mortgages, cash management, foreign exchange and foreign trade, product origination and customer onboarding.

The platform does not include a general ledger or teller modules, but it can be integrated with market-leading solutions. Cyberbank provides digital experiences for over 100 million banking customers in 16 countries.

Firm's Response to Core Committee's Key Areas of Focus

Technisys states that Cyberbank is deployed as an instanced solution, natively to the cloud (Azure and AWS) or to an on-premises or hybrid environment. The instance can be managed by the bank or provided as a managed solution.

In either case, the bank owns the instance and therefore governs all data and access to it. Technisys imposes no restrictions to it directly or through APIs.

Data can be imported and exported in a number of formats; the preferred method is through Cyberbank’s REST API. 

Technisys states that Cyberbank is designed to be API-centric. All of its components (microservices) expose REST-based APIs, and the platform includes state-of-the-art security capabilities.

(OAUTH2 provider, token management, secure encrypted communications and more) embedded in its API technology.

The framework provides extensive flexibility to define internal (closed) and external (open) API endpoints that allows the bank to share (or not) with authorized parties the required information.

(Including Exclusivity, Coterminous Contracts, Deconversion Fees, Limitation of Liability, SLAs and Early Termination Penalties)

Technisys states the following:

  • No exclusivity provisions. All agreements are non-exclusive.
  • Coterminous contracts are not applicable.
  • In the event of deconversion from Cyberbank Core, Technisys would support deconversion on a time and materials cost basis.
  • In no event will Technisys be liable to purchaser for any special, incidental or consequential damages, whether based on breach of contract, tort (including negligence) or otherwise, whether or not purchaser has been advised of the possibility of such damage. Technisys will be only liable for acts or omissions based on negligence or misconduct. The liability of Technisys for damages or alleged damages hereunder, whether in contract, tort or any other legal theory, is limited to, and would not exceed, an amount equal to the sum of the payments made by purchaser to Technisys in relation with any agreement in the last 18 months.
  • Technisys will provide support and services based on agreed upon levels with purchasers.
  • In the event of voluntary termination and purchaser’s pursuant failure to communicate such termination at least 90 days prior to the commencement of a new invoice period start date, purchaser shall pay Technisys an early termination charge. The early termination charge shall equal 50 percent of the most recent annual subscription fees

Quick Facts

Quick Facts
Headquarters LocationMiami, Florida and Buenos Aires, Argentina
Websitetechnisys.com
Year Established1995
Ownership ModelPrivate
Regionally Focused or NationalAmericas
Number of Cores Offered1
Name of Core SolutionCyberbank Core
Number of US Banks on the Core0
If not currently in market, plans to operate in the U.S. by 2021? 
Currently Cyberbank Digital is in deployment in 3 U.S. projects. Cyberbank Core has several deployments globally, including Canada, with a timeline of 2020 for the US.
FunctionalityFull core covering retail and commercial products. Can run as a standalone core or in tandem to complement existing core structure. 
Target Bank Asset SizeTier 2 and 3 banks plus challenger banks, neobanks and fintech firms. Cyberbank Core is fully scalable to support clients from the smallest to up to 40 million registered users.
Business StrategyTechnisys states that they help banks provide the best digital experience in financial services, preparing them for the needs of today and tomorrow.

21:46

Video

ABA Core Platforms Committee interview with Technisys’ Mike Haney

Interview with Mike Haney, Head of Digital Core, Technisys

close-video-modal