2243 articles tagged with this keyword
News/Core banking systems
National Australia Bank's direct banking subsidiary UBank has migrated 300,000 customers to a new core banking platform developed for the parent bank by Oracle.
28 August 2012
Bank SinoPac has gone live with the Temenos T24 core system across its Singapore branch network, with overseas locations to follow.
23 August 2012
Jack Henry & Associates unit Symitar has introduced an online space where its credit union customers can exchange programming ideas.
16 August 2012
Commonwealth Bank of Australia says it is beginning to reap the rewards of its $1.1 billion core banking modernisation programme, with a measurable increase in productivity contributing towards a $7.1 billion profit for the year ending 30 June.
15 August 2012
Shares in Temenos plunged 20% in morning trading on news that the Swiss core banking vendor's CEO is quitting after just a year into the job for "personal reasons" while second quarter license revenue is down more than a third.
12 July 2012
Deutsche Bank has migrated five million savings customers onto Magellan, its new billion euro core banking platform.
11 July 2012
Around three quarters of European banks are using outdated core systems, affecting their ability to innovate and accelerate growth, according to a survey commissioned by vendor Infosys.
11 May 2012
One in four of the largest Asia/Pacific banks will embark on a major core modernisation project over the next three years, according to IDC Financial Insights, ushering a in a new wave of significant financial technology spending.
27 April 2012
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CVC Capital Partners and ValueAct Capital have withdrawn from the race to take over Misys, leaving Vista Equity Partners as the sole surviving bidder for the UK-based banking software house.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
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