Latest Application service provider News: Finextra Research

Global core banking market set to reach $5.1 billion as banks loosen purse strings - Celent

The global core banking market was worth around $4.8 billion last year and is expected to grow to $5.1 billion by the end of 2013, according to research house Celent.

10 April 2012

News/Application service provider

Temenos partners Wipro on core banking ASP offering; posts Q1 loss

Swiss fintech vendor Temenos has teamed with Indian counterpart Wipro to punt a core banking offering on an application service provider (ASP) model to small European banks.

20 April 2011

News/Application service provider

FIS buys Gifts Software

FIS has acquired Gifts Software, a provider of funds transfer, cash management and anti-money laundering (AML) technology. Financial terms of the deal were not disclosed.

08 February 2011

News/Application service provider

Deutsche Bank puts TSU to the test with first live corporate

Almost five years since it was among 19 banks to begin testing Swift's Trade Services Utility, Deutsche Bank has conducted its first live transactions with a corporate customer using the utility.

28 October 2010

News/Application service provider

Barclaycard partners KashFlow on e-invoicing trial

Barclaycard has teamed with UK Software-as-a-Service (SaaS) accounting firm KashFlow to pilot an e-invoicing service for merchants.

04 August 2010

News/Application service provider

Misys and SmartStream forge post-trade STP tie-up

Fintech vendors Misys and SmartStream Technologies have formed a partnership designed to tackle risk control problems and inefficiency across the trade transaction lifecycle.

07 June 2010

News/Application service provider

Fidessa launches LatentZero as a Service

Fidessa has launched a Software as a Service (SaaS) version of LatentZero, its front office offering for buy-side institutions.

02 November 2009

News/Application service provider

Bank of America sells B2B e-payment and invoice business to Bottomline

Bank of America is selling its business-to-business electronic payment and invoice network, PayMode to Bottomline Technologies as part of a multi-year agreement with the vendor. Financial terms were not disclosed.

06 August 2009

News/Application service provider

SmartStream unveils new CEO, launches on-demand recs service

Philippe Chambadal, head of DIFC Investment's acquisition vehicle DClear, has taken the reins at SmartStream after Ken Archer stepped down in February. DClear became SmartStream's parent company in November 2007 when DIFC stepped in to acquire the vendor after its aborted IPO. Chambadal's first major task as CEO has been overseeing the development and launch of a software-as-a-service (SaaS)-based delivery model for the company's TLM Reconciliations product.

25 March 2009

News/Application service provider

Finextra launches Innovation Showcase

Finextra has launched the Innovation Showcase, a new feature on Finextra.com highlighting the most innovative financial technology developments over the past 12 months. Across a broad range of categories it showcases technologies that demonstrate uniqueness and impact, clever ways of solving a problem and projects at the leading edge of new industry trends.

11 February 2009

News/Application service provider

Instinet Europe implements Broadridge back office ASP

Instinet Europe has signed for outsourcing provider Broadridge Financial Solutions' international securities processing system, Gloss.

14 January 2009

News/Application service provider

Newedge to deploy GL Trade's hosted processing for listed derivatives

GL Trade has closed a deal with Newedge Group, the global multi-asset brokerage firm, to extend the use of GL Instant Brokerage globally from its UK business to also cover its brokerage operations in Paris, New-York and Hong Kong.

16 December 2008

News/Application service provider

HSBC to issue Visa contactless cards in the Middle East

British banking group HSBC is teaming with Visa to launch a contactless debit card in the Middle East.

30 October 2008

News/Application service provider

Wall Street Systems launches post-trade processing utility

Wall Street Systems has launched a "pay as you go" post-trade processing utility for FX cash, FX derivatives, money markets, vanilla interest rate derivatives, and listed futures and options.

15 October 2008

News/Application service provider

Fundtech acquires UK Swift services outfit Synergy

BBP, the Swiss subsidiary of fintech vendor Fundtech, has acquired Synergy Financial Systems, a UK Swift service bureau, in a deal worth up to £3.6 million.

08 October 2008

News/Application service provider

FfastFill buys Australia's Exchange Technology

UK derivatives trading vendor Ffastfill has bought Exchange Technology, an Australian provider of middle office and trading software, for A$2.5 million.

22 May 2008

News/Application service provider

First Data takes 50% stake in Eufiserv processing unit

US e-payments outfit First Data is acquiring a 50% equity stake in the interbank processing unit of Europe's Eufiserv as it looks to cash in on the opportunities provided by the single euro payment area (Sepa). Financial details of the deal were not disclosed.

21 May 2008

News/Application service provider

Payzone dives on profit warning

Shares in Irish e-payments outfit Payzone lost 60% of their value after the firm said it expects to make a pre-tax loss of EUR30 million for the year ending 30 September 2008.

20 May 2008

News/Application service provider

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

09 May 2008

News/Application service provider

I-flex morphs into Oracle Financial Services

Indian fintech vendor i-flex says it plans to change its company name to Oracle Financial Services Limited.

04 April 2008