549 articles tagged with this keyword
News/Core banking systems
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
CVC Capital Partners and ValueAct Capital have withdrawn from the race to take over Misys, leaving Vista Equity Partners as the sole surviving bidder for the UK-based banking software house.
02 April 2012
Having killed off a proposed merger with Temenos, core banking vendor Misys has agreed a £1.27 billion cash deal to be acquired by Vista Equity Partners.
19 March 2012
Swiss core banking vendor Temenos has pulled out of merger talks with Misys in the face of competition from two rival bidders for its British competitor.
12 March 2012
Core banking vendor Misys is in talks with its largest shareholder, ValueAct Capital, and private equity firm CVC Capital Partners about a potential joint takeover offer.
05 March 2012
Swiss core banking vendor Temenos is working furiously to seal a merger deal with UK rival Misys as its latest set of results show a 33% drop in new license sales for the fourth quarter.
22 February 2012
Misys' proposed marriage to Swiss core banking rival Temenos could be on the rocks after the UK banking software vendor confirmed that it has received an approach from Vista Equity Partners.
20 February 2012
Commonwealth Bank of Australia (CBA) says it is on course to complete its massive, A$1.1 billion core banking tech modernisation programme by the end of the year.
16 February 2012
French IT group Sopra has agreed to buy a majority stake in Belgian banking software vendor Callataÿ & Wouters (C&W). Financial terms were not disclosed.
Shares in Misys have moved up on rumours that private equity firms are running the rule over the UK vendor's proposed merger with Swiss core banking rival Temenos.
14 February 2012
UK core banking vendor Misys has confirmed that it has begun talks with Swiss rival Temenos about a possible all share merger.
03 February 2012
Banking software house Misys is to cut £8 million from its operating costs over the next year after a 'challenging' first six months trading which saw a slowdown in sales in Western Europe.
26 January 2012
Despite ongoing economic turmoil, global spending on retail banking technology will increase by $3.6 billion - 3.2% - in 2012, and will hit $135 billion over the next five years, according to analyst house Ovum.
13 January 2012
Swiss core banking vendor Temenos has been ditched by the corporate treasury services provider of Australian state Queensland, which has decided to cut its losses on a T24 implementation.
11 January 2012
UK fintech vendor Misys has opened a centre of excellence in Beijing as its focus increasingly turns to China and the wider Asia Pacific region.
10 January 2012
AIB has reached an out-of-court settlement with Oracle over a bungled core banking implementation that the Irish bank claimed had cost it EUR84 million in "wasted expenditure".
25 November 2011
The Securities and Exchange Commission has charged Longtop Financial Technologies with failing to file accurate reports, paving the way for a ban on broker-dealers trading in the Chinese fintech vendor.
11 November 2011
Analyst house Gartner predicts that by the end of 2015, consumers will initiate at least 10% of all banking interactions indirectly via cloud service-based exchanges and portals.
01 November 2011
National Australia Bank increased spending by over a half on its IT infrastructure last year as it grappled with a series of breakdowns in its online platforms and poured more cash into a core banking transformation project.
28 October 2011
Swiss banking technology vendor Avaloq has vowed to recruit 75 Scottish graduates to work at a new Edinburgh software development centre that will eventually deploy 500 staff.
12 October 2011
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.