Core banking systems

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/Core banking systems

Failed Dunfermline lost millions on IT project; Temenos role questioned

The collapsed Dunfermline Building Society was forced to write off a massive £9.5 million of its £11 million profit in 2007 on a failed technology subsidiary.

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National Bank of Pakistan selects FIS core processing system

National Bank of Pakistan (NBP) has signed for core processing technology from Fidelity National Information Services (FIS).

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Nomura selects Avaloq core system for Asia wealth management ops

Japan's Nomura Group is rolling out core banking technology from Swiss vendor Avaloq across its Asia wealth management operations.

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Temenos wins first commercial bank client in Central America

Banco Fichosa of Honduras is to implement a new core banking system from Swiss-based Temenos to support its retail and corporate banking operations, servicing 650,000 accounts across 88 branches in Honduras and the US.

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Temenos hit by financial market slowdown

Swiss core banking vendor Temenos has declined to give revenue guidance for 2009 as the financial slowdown bites into Q4 revenues and profits and reduces market visibility.

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Kenya Commercial Bank switches to Temenos T24

Kenya Commercial Bank (KCB), the largest bank in East and Central Africa, has gone live with Temenos T24 to support its retail and corporate banking operations.

/Core banking systems

Misys weathers the downturn; appoints former HBOS CEO as chairman designate

Banking systems vendor Misys has reported a positive set of first half results and named Sir James Crosby, former chief executive of UK banking group HBOS, as chairman designate.

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Piraeus Bank live on Fiserv core technology in Cyprus

Greece's Piraeus Bank has gone live with the Fiserv Universal Banking system across its Cyprus operations ahead of a wider roll out.

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Kookmin Bank contracts with IBM for core banking overhaul

Korea's Kookmin Bank has selected IBM System z10 mainframe technology and DB2 servers as the foundation for a next-generation core banking application platform designed to consolidate all of the bank's different business units across the world.

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Raiffeisen International signs for Finacle core banking platform

Raiffeisen International has selected the Finacle universal banking system from Infosys to standardise its technology platform and consolidate operations across Central and Eastern Europe.

/Core banking systems

Commerce Bank/Harrisburg selects Fiserv for core banking overhaul

Pennsylvania-based Commerce Bank/Harrisburg has selected the Fiserv CBS product suite to modernise and transform its core banking system.

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Accenture wins Van Lanschot Bankiers outsourcing contract

Van Lanschot Bankiers has awarded Accenture a seven-year, multi-million dollar outsourcing contract to develop and maintain the Dutch bank's overall core banking applications, including credit services, asset and risk management.

/Core banking systems

Misys reports solid first half; CFO quits

UK banking to healthcare software group Misys is reporting a positive first-half performance with revenue, order intake and operating profit showing gains across all business units.

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IBM reports Indian and Chinese bank contract wins

India's Kotak Mahindra Bank has inked a $5 million IT infrastructure services deal with IBM for the construction and maintenance of a green data centre and IP network infrastructure.

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Fiserv to acquire regional bank processor i_Tech for $40 million

US Fintech vendor Fiserv is to acquire i_Tech Corporation, a provider of outsourced account and payment processing services, from First Interstate BancSystem for $40 million.

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DSB Bank signs for Finacle core banking platform

DSB Bank, Netherlands, has selected the Finacle universal banking system from Infosy to overhaul its retail operations and power a new online savings bank.

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Punjab National Bank selects Finacle for rural IT overhaul

India's Punjab National Bank (PNB) is set to roll out the Finacle universal banking system from Infosys across six regional rural banks (RRBs) covering 1300 branches.

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Temenos hires Microsoft man Van den Brande to lead product and marketing strategy

Swiss core banking vendor Temenos has appointed Microsoft veteran Koen Van den Brande to the newly created position of group strategy and marketing director.

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CBA beset by payments glitches

Commonwealth Bank of Australia (CBA) has experienced problems with its NetBank online banking system and other payment channels that have affected as many as 200,000 customers.

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Raiffeisen International outsources core banking development to Misys/HCL

Raiffeisen International is to outsource development and support of its core banking technology to Misys and Indian outsourcer HCL Technology.