Core Banking Platform Selection - Thread Bank has selected Fiserv's Finxact as its core banking platform to enhance its deposit and payments infrastructure [1][2] - The decision is driven by the need for a modern, real-time core that supports scalability and compliance [2][3] Partnership and Technology Integration - Thread is collaborating with Infinant to utilize its Interlace Platform, which will provide an embedded banking layer for Finxact's API core [2] - This integration will enable Thread and its customers to access and manage both embedded and core banking capabilities, including payment processing [2] Industry Challenges and Opportunities - Community banks, like Thread, face significant challenges from digital-first demands and competition from fintech platforms and larger financial institutions [3][4] - The modernization of banking technology is complicated by outdated core systems that limit data portability and integration capabilities [5]