Core banking systems

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Guangdong Cooperatives overhauls systems with IBM

/Core banking systems

Guangdong Cooperatives overhauls systems with IBM

IBM has won a major contract with China's Guangdong Rural Credit Cooperatives to consolidate 23 banking systems in seven cities.

AIB claims EUR84m over bungled Flexcube deployment

/Core banking systems

AIB claims EUR84m over bungled Flexcube deployment

Allied Irish Bank (AIB) has begun court proceedings against Oracle Financial Services Software, claiming nearly EUR84 million over a bungled Flexcube implementation, according to broadcaster RTE.

Misys reports flat H1 revenues; to hand over more Allscripts cash to shareholders

/Core banking systems

Misys reports flat H1 revenues; to hand over more Allscripts cash to shareholders

Misys has reported flat first half revenues as growth in treasury and capital markets was again offset by a slight decline in banking. Meanwhile, the UK vendor has also revealed it will hand over to shareholders another £145 million from the sale of healthcare unit Allscripts.

Deutsche Bank GTB selects TCS platform

/Core banking systems

Deutsche Bank GTB selects TCS platform

Deutsche Bank is rolling out core technology from Tata Consultancy Services (TCS) across its Global Transaction Banking (GTB) business.

Capgemini acquires Temenos specialist Thesys Technologies

/Core banking systems

Capgemini acquires Temenos specialist Thesys Technologies

Capgemini has acquired India-based Temenos implementation partner Thesys Technologies. Terms of the transaction were not disclosed.

IT costs barrier to new UK banking players

/Core banking systems

IT costs barrier to new UK banking players

With IT accounting for up to two thirds of start up costs, technology is proving a major barrier to new entrants in the UK retail banking sector, according to the Office of Fair Trading (OFT).

Disruptive clouds gather over banking technology market

/Core banking systems

Disruptive clouds gather over banking technology market

Software developer Misys has announced a strategic alliance with Microsoft that will enable it to deliver new banking and capital markets applications through the Windows Azure cloud platform. The launch of the initiative comes as leading banks at the Sibos conference in Amsterdam discuss the disruptive potential of cloud computing on the banking technology market.

Sepa migration milestones

/Core banking systems

Sepa migration milestones

Giorgio Ferrero stresses EBA Clearing's crucial role in achieving the euro payments area vision.

Corporate customer satisfaction

/Core banking systems

Corporate customer satisfaction

Adi Reske of Pegasystems discusses the results of a survey that shows corporates are willing to move banks and even pay more for better, more consistent service.

Co-op taps Clear2Pay for payments overhaul

/Core banking systems

Co-op taps Clear2Pay for payments overhaul

Co-operative Financial Services has selected technology from Clear2Pay as the basis for a revamped, single unified payments hub.

Westpac delays core banking migration by four years

/Core banking systems

Westpac delays core banking migration by four years

Australian banking giant Westpac has set back by four year the timetable for migration of its core banking platform to the Hogan system used by its subsidiary St George as it strives to make sense of its sprawling IT estate.

Misys Q1 revenue flat

/Core banking systems

Misys Q1 revenue flat

In its first quarter as a pure-play financial services business following the disposal of Allscriptes, Misys has reported flat revenues as growth in treasury and capital markets was offset by a slight decline in banking.

ING, HSBC and Nordea outline barriers to banking innovation

/Core banking systems

ING, HSBC and Nordea outline barriers to banking innovation

Retail banking innovation programmes can face a variety of internal barriers to success, ranging from resistance from inhouse technology fiefdoms, governance, and the demand for swift ROI, according to the panel of industry experts on the Finextra/Infosys Webcast, 'Retail Banking Innovation - Adapting to a new age', broadcast on Thursday.

Commercial Bank of Ethiopia signs for Temenos T24

/Core banking systems

Commercial Bank of Ethiopia signs for Temenos T24

Government-owned Commercial Bank of Ethiopia (CBE) has selected technology from Swiss vendor Temenos for an overhaul of its operational infrastructure.

Metro Bank opens doors as Virgin Money sets back launch date

/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.

Westpac taps Fiserv for online overhaul

/Core banking systems

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.

Crédit Agricole taps Temenos T24 for new online private bank BforBank

/Core banking systems

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.

Polaris scoops Indian Cooperative core banking contract

/Core banking systems

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.

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

/Core banking systems

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.

Fiserv moves into the front office with AdviceAmerica acquisition

/Core banking systems

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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