Core banking systems

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Misys reports solid first half; CFO quits

/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.

IBM reports Indian and Chinese bank contract wins

/Core banking systems

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.

Fiserv to acquire regional bank processor i_Tech for $40 million

/Core banking systems

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.

DSB Bank signs for Finacle core banking platform

/Core banking systems

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.

Punjab National Bank selects Finacle for rural IT overhaul

/Core banking systems

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.

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

/Core banking systems

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.

CBA beset by payments glitches

/Core banking systems

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.

Raiffeisen International outsources core banking development to Misys/HCL

/Core banking systems

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.

Temenos signs first T24 client in the Dominican Republic

/Core banking systems

Temenos signs first T24 client in the Dominican Republic

Swiss vendor Temenos has signed Dominican Republic-based The Popular Association for Savings and Loans (APAP) to its T24 core banking platform.

Azerbaijan's Texnikabank signs for Temenos T24

/Core banking systems

Azerbaijan's Texnikabank signs for Temenos T24

Azerbaijan's Texnikabank is rolling out the T24 core banking platform from Geneva-based Temenos to support its retail and corporate operations.

Temenos to trim staff worldwide

/Core banking systems

Temenos to trim staff worldwide

Banking system vendor Temenos is reducing its workforce in a cost-cutting exercise, according to sources close to the company. Thirty-four jobs will go from the London and Hemel Hempstead offices, with other cuts expected in mainland Europe and the US.

Temenos swoops on Lydian Associates

/Core banking systems

Temenos swoops on Lydian Associates

Swiss core banking systems vendor Temenos is to acquire Lydian Associates, a provider of business intelligence software with a large installed base of customers using the rival Misys Equation and Bankmaster product sets.

CBA to axe staff and IT projects - report

/Core banking systems

CBA to axe staff and IT projects - report

Commonwealth Bank of Australia (CBA) is set to axe IT staff and shelve technology projects as part of a A$370 cost cutting programme, according to local press reports.

Temenos remains bullish despite hit to net profits

/Core banking systems

Temenos remains bullish despite hit to net profits

Swiss core banking vendor Temenos has posted a 49% drop in third quarter net profit as foreign exchange losses take a chunk out of otherwise impressive earnings.

Fintech stocks steady

/Core banking systems

Fintech stocks steady

The Finextra50 Financial Technology Index rose 1.3% to 55.59 last week driven by decent bounces for many fintech stocks including Temenos and Mphasis after the previous week's market wreckage. But others, such as Oracle Financial Services Solutions, continued to plummet in value.

Misys reports solid Q1

/Core banking systems

Misys reports solid Q1

UK vendor Misys says despite challenging market conditions like-for-like revenue increased six per cent in its first quarter, while order intake was up 11%.

Misys reports Mizuho implementation

/Core banking systems

Misys reports Mizuho implementation

Japan's Mizuho Corporate Bank is rolling out core banking technology from UK vendor Misys across its European operations as part of an initiative to standardise business processes across its global network.

Temenos names Mike Head global partners director

/Core banking systems

Temenos names Mike Head global partners director

Swiss core banking vendor Temenos has appointed Mike Head to lead the development of its global partners programme.

HSBC Bank USA struggling with core banking glitch

/Core banking systems

HSBC Bank USA struggling with core banking glitch

HSBC Bank USA - the North American subsidiary of the British banking group - has been struggling to restore data and update account balances following technical problems with its core banking platform.

I-flex reports Banco do Brasil deal

/Core banking systems

I-flex reports Banco do Brasil deal

Banco do Brasil is rolling out the Flexcube core banking platform from Indian fintech vendor i-flex across its international operations.

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