Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Bank of India licenses FinArch compliance software

Belgium's Financial Architects (FinArch) has signed Bank of India to its automated financial reporting and compliance software.

14 August 2007

News/Accounting

Rand Merchant Bank deploys Advent's Geneva software

South Africa's Rand Merchant Bank (RMB) is installing Advent Software's investment management and accounting platform, Geneva, to support its new prime brokerage operations.

07 June 2007

News/Accounting

Bisys fined $25m for accounting and reporting violations

New York financial BPO outfit Bisys has agreed to pay around $25 million to settle claims of improper accounting practices and financial reporting violations.

23 May 2007

News/Accounting

Argentina's Banco Patagonia signs IT services deal with IBM

Argentina's fifth largest bank, Banco Patagonia, has signed a $592k IT services deal with IBM for application and server migration.

27 April 2007

News/Accounting

Patni rolls out Oracle ERP platform at Bombay Stock Exchange

Mumbai-based Patni Computer Systems says it has completed implementation of an enterprise resource planning (ERP) system supplied by Oracle at the Bombay Stock Exchange (BSE) which will be used to automate accounting and human resource management processes.

13 March 2007

News/Accounting

SunGard buys Integrated Business Systems

SunGard has acquired Integrated Business Systems Incorporated (IBSI), a New York-based provider of software services to hedge funds. Financial terms of the deal were not disclosed.

22 November 2006

News/Accounting

Fokus Bank launches integrated Web banking, payroll and accounting system for SMEs

Norway's Fokus Bank has teamed with CRM vendor 24SevenOffice to develop a Web banking system that includes CRM, payroll and accounting applications and can serve as the back-office administrative hub for businesses.

06 September 2006

News/Accounting

NAB offshores support jobs to India

National Australia Bank is offshoring a further 81 back office jobs from its finance and accounting unit to India under an outsourcing agreement with Accenture.

25 August 2006

News/Accounting

Merrill Lynch to acquire Equity Methods

Merrill Lynch is to acquire the business of Equity Methods, an Arizona-based supplier of equity award reporting, forecasting and valuation services. Financial terms of the deal were not disclosed.

20 July 2006

News/Accounting

Spain's Caixa Galicia signs for SunGard's BancWare

Spanish savings bank Caixa Galicia is implementing SunGard's BancWare technology to support its asset and liability management, financial planning and forecasting operations.

15 May 2006

News/Accounting

Lloyds TSB outsources finance and accounting functions to Xansa

British banking group Lloyds TSB is offshoring its finance and accounting (F&A) operations to India under a five year deal with UK IT services firm Xansa.

11 April 2006

News/Accounting

Misys signs Banco Portugues de Negocios to risk and compliance package

Lisbon-based Banco Portugues de Negocios (BPN) is implementing risk management technology from UK-based Misys Banking Systems to comply with the Basel II regulations and International Accounting Standards (IAS).

18 January 2006

News/Accounting

Sage acquires US payments processor Verus

UK accounting software firm Sage is buying US payment processing company Verus Financial for approximately £184 million in cash.

09 January 2006

News/Accounting

Macquarie Funds Management signs for SimCorp Dimension

Australia's Macquarie Funds Management is deploying SimCorp's flagship investment management platform, Dimension.

06 January 2006

News/Accounting

EDB and DnB Nor team for corporate e-invoicing system

Nordic IT services group EDB Business Partner is teaming with DnB NOR to deliver an electronic invoicing system to corporate firms in Norway.

20 October 2005

News/Accounting

Linedata to acquire Global Investment Systems

French fintech vendor Linedata Services has signed an agreement to acquire US-based Global Investment Systems (GIS), a provider of back office accounting software to the fund administration and alternative investment industries. Financial terms of the all-cash deal were not disclosed.

23 September 2005

News/Accounting

JPMorgan signs for mySap ERP platform

JPMorgan Chase is implementing enterprise resource planning software from Sap as part of a long-term plan to improve financial reporting and analysis across the group.

19 May 2005

News/Accounting

SS&C buys Eisnerfast for $25.3m

US investment management software vendor SS&C Technologies has acquired Eisnerfast, a provider of back office accounting and administration services to hedge and private equity funds, funds of funds and investment advisors, for $25.3 million in cash.

01 March 2005