Newer core bank technology providers like Nymbus, Finxact or Finastra see an opportunity building with the rising trend in de novo bank applications; 2018 saw 19 de novo applications filed, that was more than the 11 in the two previous years combined; the move to offer services to a new bank is a easier path than trying to get a long established bank to overhaul their current systems with one of the 4 top core providers; the traditional providers have better track records but their technology is not seen as being as cutting edge as the new providers; they have been working to update their technology and are offering products that compete, but newer providers are seen as more nimble and innovative. Source.