Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

SunGard's CSA project enters proof-of-concept stage

After five years of development, SunGard's common services architecture framework for its technology portfolio, known as Infinity, has begun active testing with a number of unnamed banks.

03 October 2007

News/Core banking systems

Misys bolstered by banking

Shares in UK banking-to-healthcare vendor Misys jumped in morning trading after the group reported a better-than-expected rise in first quarter revenue, driven by strong sales at its banking division.

19 September 2007

News/Core banking systems

Misys reports strategic alliance with SAP

London-based Misys is collaborating with German ERP firm SAP to deliver an integrated banking system based on its its BankFusion technology, which will run on the Sap NetWeaver platform.

18 September 2007

News/Core banking systems

Temenos partners FE-Mobile for m-banking offering

Swiss banking systems vendor Temenos is teaming with London-based FE-Mobile to add mobile banking and payments functionality to its ARC front office CRM application.

17 September 2007

News/Core banking systems

Temenos signs Dresdner Kleinwort to T24

Investment bank Dresdner Kleinwort is rolling out the T24 core banking platform from Swiss vendor Temenos across 16 subsidiaries and branches in Europe, Asia and the US.

12 September 2007

News/Core banking systems

Financial Objects sees banking sofware sales slide

UK fintech vendor Financial Objects is reporting a 46% rise in pre-tax profit for the first half of the year, despite revenue at the vendor's banking systems unit falling 21% during the period.

05 September 2007

News/Core banking systems

Australian banks hit by tech glitches

Commonwealth Bank of Australia (CBA) and Bank of Queensland (BoQ) have both been hit by systems failures this week, according to press reports.

03 August 2007

News/Core banking systems

Temenos reports mixed Q2

Swiss core banking systems vendor Temenos has reported a mixed bag of second quarter results, with total revenue up 32% but net profit dropping to US$6.3 million, compared to US$8.8 million a year ago. Despite this the vendor has raised its 2007 revenue outlook for the second time this year.

25 July 2007

News/Core banking systems

Misys looks to open source to boost business

UK banking-to-healthcare software vendor Misys is establishing an open source division, headed by IBM executive Bob Barthelmes, as it looks to boost its business by increasing revenues from consulting and maintenance.

24 July 2007

News/Core banking systems

Temenos signs Vietnam's An Binh Bank to T24

Vietnam's An Binh Bank is implementing the T24 platform from Geneva-based Temenos to centralise core banking processes across its retail and corporate banking operations.

17 July 2007

News/Core banking systems

Misys' Clive Pedder turns up at GL Trade

Clive Pedder - one of the high-profile casualties from the restructuring of Misys' banking systems business last year - has resurfaced at French trading systems vendor GL Trade.

25 June 2007

News/Core banking systems

Saigonbank selects SunGard’s Symbols for core banking

SunGard has signed its second Vietnamese bank this year to the Symbols core banking solution it added to its portfolio with last July's acquisition of Singapore's System Access.

22 June 2007

News/Core banking systems

Misys says recovery on track

UK banking-to-healthcare software vendor Misys is reporting an increase in revenues at its banking division and says its corporate turnaround programme is proceeding in line with expectations.

20 June 2007

News/Core banking systems

Ex-Financial Objects board members move into private equity

Roger Foster, founder and part-time chairman of Financial Objects, and Stewart Foster, who was a board member and director of the Activebank division, have launched a new private equity firm called Third Financial. They are seeking acquisition-ready companies in the financial technology sector after last month leaving Financial Objects.

12 June 2007

News/Core banking systems

TCS establishes financial services software unit

India's Tata Consultancy Services (TCS) is consolidating its financial software and services operations into a single unit led by N Ganapathy Subramaniam, the current head of its banking division.

29 May 2007

News/Core banking systems

Misys sells Sesame unit to Friends Provident; names Jim Malone CFO

UK banking-to-healthcare software firm Misys has agreed to sell its IFA services division, Sesame, to life and pensions outfit Friends Provident. The vendor has also named Jim Malone as its new chief financial officer.

15 May 2007

News/Core banking systems

Kenya Commercial Bank selects Temenos T24 for banking systems overhaul

Kenya Commercial Bank (KCB) is implementing Temenos's modular core banking platform, T24, to support its wealth management unit and retail, corporate and Islamic banking operations.

14 May 2007

News/Core banking systems

S1 moves back into the black in Q1

US fintech firm S1 Corporation is reporting a profit of $3 million for the first quarter of 2007, compared with a net loss of $444,000 a year ago.

09 May 2007

News/Core banking systems

Oracle forms financial services software unit

Oracle is establishing a new business unit focused on developing applications for the financial services industry. The new division will be headed by Rajesh Hukku, the current chairman and managing director of its majority-owned i-flex solutions subsidiary.

01 May 2007

News/Core banking systems

TCS reports Russian bank deal

India's Tata Consultancy Services (TCS) is reporting a multi-million dollar contract with Russia's BIN Bank for the supply and implementation of its core banking platform, Bancs.

01 May 2007