Core banking systems

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/Core banking systems

Ex-Google engineer bids to fix core banking

After two years in stealth mode, a British startup run by a gaggle of former Google engineers has come into the light claiming to have solved the greatest challenge in fintech: how to replace core banking systems.

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Golden Contract Coalition for community banks bids to take on IT vendors

A new organisation is inviting US community banks and credit unions to band together in a bid to level the playing field when it comes to negotiating deals with their core and IT vendors.

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India's Paytm enlists Wipro for payments bank tech platform

Indian mobile commerce network Paytm has enlisted Wipro to help it build the technology platform for its forthcoming payments bank business.

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RBS says IT issues could make it miss Williams & Glyn branch sale deadline

The Royal Bank of Scotland has warned that it could miss a deadline set by European regulators to spin off its 300-strong Williams & Glyn branch network because of technology issues.

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NAB rolls out origination platform

In what it calls the biggest technology overhaul in its 123 year history, National Australia Bank (NAB) will this month begin rolling out a new origination platform for personal banking customers.

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Tandem selects Fiserv Agiliti as IT backbone

UK banking startup Tandem is taking a 'pay-as-you-grow' approach to its technology backbone, selecting Fiserv's on-demand Agiliti platform to provide the core infrastructure for its forthcoming launch.

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ACI Worldwide sells community banking suite to Fiserv

ACI Worldwide is to exit the community bank and credit union market, selling its Community Financial Services business to Fiserv for $200 million in cash.

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Mambu raises EUR8m

Commerzbank's venture capital fund has joined a EUR8 million funding round for SaaS banking platform provider Mambu.

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Challenger tech platform Agiliti signs first client

Agiliti, the technology platform for challenger banks developed by Fiserv and Metro Bank and Atom founder Anthony Thomson, has signed Manchester-based Think Money as its first client.

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UK challenger OakNorth Bank signs for Mambu core platform

OakNorth, a new UK challenger bank targeting small- and medium-sized businesses, has selected Mambu as its core platform provider.

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SunGard offloads Ambit core banking unit

Singapore's Silverlake Axis is to acquire SunGard Ambit, the core banking unit of the US technology group, for $12 million.

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Nordea selects Accenture and Temenos for core banking overhaul

Nordea has selected Accenture and Temenos to help the bank replace its core banking systems across the Nordics as part of a wide-reaching “simplification” programme.

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HSBC glitch leaves thousands of customers without salaries

An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.

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Bank Leumi to overhaul legacy core

Israel's Bank Leumi is looking to save millions of dollars a year in IT maintenance costs by overhauling and replacing its legacy core banking system with new kit from Swiss vendor Temenos.

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CSC and HCL to form core banking joint venture

CSC and India's HCL Technologies have signed a definitive joint venture agreement to form a banking software and services company addressing the multi-billion-dollar, global core banking software market.

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RBA seeks supplier for new core banking platform

The Reserve Bank of Australia has gone to tender for a new core banking system.

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Kasikornbank to shutdown for two-day tech upgrade

Thailand's fourth-largest bank, Kasikornbank is to shut down all services for two days as it upgrades its banking platform.

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Alibaba's MyBank eschews US tech exports in favour of inhouse cloud

Chinese e-commerce conglomerate Alibaba has built an inhouse cloud-based banking platform for the online launch of its banking affiliate MyBank, eschewing products from US technology firms that have angered authorities in Beijing.

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Euro Pacific Bank selects Temenos T24 core banking

Euro Pacific Bank Ltd has selected Temenos’ T24 core banking platform and anti-money laundering (AML) solution. It will be delivered in the cloud, via Microsoft Azure, and is intended to offer better private banking services to the Caribbean offshore bank’s local and global customers.

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Startupbootcamp FinTech welcomes new members & Singaporean MD

Startupbootcamp FinTech Singapore has appointed a new managing director (MD) in Steven Tong, formerly of Infocomm Investments and the London-based accelerator, and welcomed three new members in PwC Singapore, Pix Vine Capital and Jungle Ventures.