Latest Core banking systems News: Finextra Research

Bank of Baroda calls for calm after big IT glitch

Customers of India's fourth largest state-owned bank, the Bank of Baroda (BoB), have been asked not to panic after a technical glitch caused thousands of accounts to be wrongly debited.

24 August 2017

News/Core banking systems

SAP Financial Services Forum, London - Day 2 live blog

Welcome to Finextra's live coverage from Day 2 of the SAP Financial Services Forum in London. The theme for this event is 'winning in the digital moment'. The agenda will examine how technologies such as AI, machine learning, analytics, blockchain, open APIs and the cloud can be best leveraged to deliver truly digitised financial services.

05 July 2017

News/Core banking systems

Philippine banks testify to Senate over recent system glitches and scams

Representatives of two of the Philippines' biggest banks, BPI and BDO Unibank, on Wednesday reassured a hearing of the Senate committee on banks, financial institutions, and currencies that they have addressed recent failures that saw a 26 hour system shutdown at BPI and a spate of ATM compromises at BDO.

22 June 2017

News/Core banking systems

Misys and D+H combine as Finastra

Misys and D+H have revealed details of their planned merger, creating a global behemoth in the market for financial software under a new brand name Finastra.

14 June 2017

News/Core banking systems

Swift Business Forum, New York - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in New York. This event will focus on the key issues affecting the financial industry, including banking, payments, and securities. Cyber security will also be a hot topic, in light of the announcement of Swift's Customer Security Programme.

14 June 2017

News/Core banking systems

FinTech50: London continues to dominate European scene

The Brexit cloud may loom large but, for now, the UK remains at the centre of Europe's financial technology scene, home to nearly two thirds of the firms that make it into this year's FinTech50.

07 June 2017

News/Core banking systems

Core banking veterans raise $12m for new cloud-based venture

Frank and Mike Sanchez, the men behind the Profile core banking platform, have raised $12 million in seed funding for their new cloud-based fintech firm Finxact.

09 May 2017

News/Core banking systems

Warburg Pincus takes 35% stake in Avaloq

Private equity group Warburg Pincus has acquired a 35% stake in Avaloq, valuing the Swiss core banking firm at CHF1 billion.

22 March 2017

News/Core banking systems

Vista to buy DH Corp for C$4.8 billion, merge with Misys

Private equity group Vista has sealed a C$4.8 billion deal to acquire Canadian financial software house DH Corp and merge it with fellow portfolio company Misys.

13 March 2017

News/Core banking systems

Let the games begin: Misys injects some fun into core banking

Core banking vendor Misys is embedding a gamification engine from Australia's Moroku directly into its FusionBanking Essence Digital platform, providing banks with a means to inject some fun into personal financial management (PFM) and help consumers achieve their savings goals.

08 March 2017

News/Core banking systems

Temenos to buy Australia's Rubik Financial for US$50 million

Swiss core banking vendor Temenos is to buy Australian partner Rubik for US$50 million.

15 February 2017

News/Core banking systems

Paytm gets RBI nod for payments bank launch

Indian mobile wallet giant Paytm has received the regulatory green light to begin operating one of the country's new wave of payments banks.

03 January 2017

News/Core banking systems

Sterling Bank goes big bang for core transformation

Nigeria's Sterling Bank has taken a big bang approach to its core banking transformation project, simultaneously rolling out the Temenos UniversalSuite platform to all 185 branches across the country.

17 November 2016

News/Core banking systems

Fiserv names BNY Mellon's Grech CIO

Financial technology vendor Fiserv has appointed BNY Mellon tech executive Jim Grech as chief information officer.

01 November 2016

News/Core banking systems

Misys cans plans to float

UK core banking supplier Misys has ditched its plans to float on the London Stock Exchange, citing current "market conditions".

27 October 2016

News/Core banking systems

ACI Worldwide opens Limerick data centre; creates 50 new jobs

ACI Worldwide is to recruit for 50 new jobs in Ireland following the opening of a European data centre in Limerick.

17 October 2016

News/Core banking systems

Brexit jitters hit Misys IPO

The forthcoming IPO of UK-based core banking supplier Misys is running into strong Brexit headwinds as its equity backers prepare to shear £1 billion off the anticipated value of the firm in response to volatile trading conditions.

17 October 2016

News/Core banking systems

Misys to float in early November

UK-based core banking supplier Misys is to sell £500 million of stock in an intitial public offering on the London Stock Exchange.

06 October 2016

News/Core banking systems

Misys eyes £5.5bn IPO - Sunday Times

Core banking supplier Misys has appointed advisors ahead of a possible £5.5 billion London initial public offering, according to the Sunday Times.

22 August 2016

News/Core banking systems

Infosys re-purposes 3000 jobs as RBS spin off of W&G goes awry

RBS' decision to abort the planned carve out of Williams & Glyn (W&G) and scrap plans to develop a new banking platform for the operation has hit Indian IT supplier Infosys, leading to the re-positioning of 3000 jobs.

17 August 2016