Core banking systems

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/Core banking systems

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.

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Polaris to buy Laser Soft Infosystems

India's Polaris Software Lab has agreed to buy banking software firm Laser Soft Infosystems in an all cash deal worth around Rs52 crores ($11 million).

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Misys banking division continues to feel the pain

Misys has reported an eight per cent slide in revenues and 14% fall-off in order intake from its banking division, in an interim management statement for the three months ending September 2009.

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City analyst talks up Misys break-up

Shares in Misys have ticked up after City analysts talked up the possibility of a break-up and piecemeal sell-off of the banking-to-healthcare group.

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Core banking renewal strategies lacking business vision - research

Core system renewal strategies at banks often create more problems than they solve, as firms ignore enterprise integration issues in favour of tactical one-off changes and quick-fix band aids, according to research conducted by Sterling Commerce.

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Temenos signs first customer in India

Swiss core banking supplier Temenos has signed its first customer in India, microfinance specialist Equitas, to the T24 platform.

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CBA adds A$150m to core banking upgrade budget

Commonwealth Bank of Australia (CBA) has added A$150 million to its original A$580 million core banking overhaul budget to cover the inclusion of subsidiaries Auckland Savings Bank and Bankwest in the project.

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New "green" bank selects Fiserv tech platform

A Chicago-based self-styled "green" community bank, set to open in the fourth quarter, has contracted Fiserv for the provision of an environmentally friendly technology platform.

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Temenos cost-cutting takes bite out of revenue dip

Despite recording a 15% decline in revenue for the second quarter, Swiss core banking supplier Temenos says its cost cutting programme has left it in a strong position to navigate the downturn.

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Temenos and Metavante resolve core banking dispute

Swiss core banking supplier Temenos has settled a dispute with Metavante over a joint US marketing pact that was thrown into confusion by the proposed $2.94 billion takeover of the US vendor by Fidelity National Information Systems.

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IBM, Insa and Caixanova plan Spanish technology innovation centre

IBM, through affiliate Insa, is teaming with banking group Caixanova to open a technology innovation centre in Orense, Spain.

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International Bank of Azerbaijan rolls out Oracle Flexcube

International Bank of Azerbaijan has gone live with Oracle's Flexcube core banking package, which replaces the Misys Midas system.

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National Bank of Cambodia to implement Oracle Flexcube

National Bank of Cambodia is to implement Oracle's Flexcube core banking package as it bids to modernise the country's antiquated financial system.