Core banking systems

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/Core banking systems

Metro Bank opens doors as Virgin Money sets back launch date

Metro Bank, the first new high street player to enter the UK market for over 100 years, has opened its doors to the public, running on a technology platform from Swiss vendor Temenos.

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Westpac taps Fiserv for online overhaul

Australia's Westpac has selected technology from US vendor Fiserv for an overhaul of its retail, business and corporate online services.

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Crédit Agricole taps Temenos T24 for new online private bank BforBank

Credit Agricole's new online private bank targeting the French mass affluent market, BforBank, has gone live on the Temenos T24 technology platform.

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Polaris scoops Indian Cooperative core banking contract

Polaris Software unit Laser Soft has bagged a contract with Andhra Pradesh State Cooperative Bank (APCOB) to implement a core banking system across 569 branches.

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Misys to sell healthcare unit stake; analysts talk up break-up value

Shares in Misys soared 20% in morning trading after the UK software vendor outlined plans to sell most of its stake in US healthcare subsidiary Allscripts for around $1.3 billion and return most of it to shareholders through a stock buyback.

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Fiserv moves into the front office with AdviceAmerica acquisition

Fiserv has moved to expand its investment services unit with the acquisition of AdviceAmerica. Financial terms of the deal were not disclosed.

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Core banking market stagnation set to lift

The market for core banking systems has stagnated since 2008, with deal volume down by 18% during the past year, according to Forrester Research.

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RBS tech upgrade to cost 500 wealth management jobs

The Royal Bank of Scotland is cutting around 500 back office jobs at its wealth management division as the introduction of new technology streamlines business processes.

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Misys appoints BT CIO Ramji as head of banking division

Core banking vendor Misys has appointed Al-Noor Ramji, formerly CEO of BT Design, as head of its banking division.

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Misys plans app store for BankFusion core banking package

Core banking vendor Misys is planning to license its next-generation BankFusion platform to third party developers in an effort to promote the product as an industry tool.

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Temenos posts full year operating profit rise

Having been hit hard by the financial crisis, Swiss core banking vendor Temenos has shown tentative signs of recovery, posting rises in fourth quarter and full year operating profit despite slight falls in revenue.

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Citi half-way to $3 billion tech savings goal; plans to centralise US core banking

US banking giant Citi has cut $1.42 billion from its operations and technology budget at the mid-way stage of a three-year campaign to eliminate $3 billion in tech spending.

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Deutsche Bank taps SAP for German core banking overhaul

Deutsche Bank is embarking on a multi-year programme to replace its various IT systems in Germany with a unified core banking platform based on technology from SAP.

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Banking unit drags down Misys in H1

Misys has reported an 11% fall in revenues at its banking unit for the first half, although the gloom was partially offset by more encouraging news at the firm's healthcare and treasury and capital markets divisions.

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Temenos spends $81m on French core banking outfit Viveo

Swiss core banking vendor Temenos has signed a definitive agreement to buy French rival Viveo for around $81 million.

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Temenos and Microsoft form core banking alliance

Swiss core banking vendor Temenos has inked a commercial and technology agreement with US giant Microsoft.

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IBM makes mainframe breakthrough in Namibia

IBM has sold its first mainframe in Namibia in a $5 million deal with First National Bank of Namibia.

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Tesco Bank selects Fiserv to provide core technology platform

Aspiring supermarket bank Tesco has selected Fiserv to provide the core technology platform for its push into the UK's retail financial services arena.

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Samlink signs EUR55 million IT services deal with IBM

IBM has signed a seven-year, EUR55 million strategic outsourcing agreement with Finnish IT banking service provider Samlink.

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Temenos signs Bank of Georgia to T24

Bank of Georgia (BOG) has signed for the T24 core banking system from Swiss vendor Temenos in a bid to consolidate operations on a single platform.