Core banking systems

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Raiffeisen buys out Avaloq from JV following IT platform rollout

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Raiffeisen buys out Avaloq from JV following IT platform rollout

Following the completion of a major project that saw hundreds of sites moved to a new core platform, Raiffeisen Switzerland has decided to buy out its partner in the project, fintech firm Avaloq.

/Core banking systems

Temenos and Credorax deploy core banking platform in the cloud

Temenos (SIX: TEMN), the banking software company, and Credorax, a leading global smart acquiring banking firm, today announced that it has selected Temenos T24 Transact deployed on the cloud.

Temenos backs platform to drive faster fintech procurement

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Temenos backs platform to drive faster fintech procurement

Temenos, Cisco and Deloitte Luxembourg are among a group of companies setting up a due diligence, connectivity and testing platform to help the financial services industry in its efforts to work more effectively with fintech firms.

Finxact raises $30 million to redefine the core banking market

/Core banking systems

Finxact raises $30 million to redefine the core banking market

The American Bankers Association (ABA), Accenture Ventures, and SunTrust Bank have joined in a $30 million financing round for SaaS-based core banking startup Finxact.

/Core banking systems

Zafin raises $17.2 million in Series B funding

Zafin, a worldwide leader in financial services software, has raised $17.2 million in private growth financing led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures.

Lloyds consults on plans to move customer accounts to new core

/Core banking systems

Lloyds consults on plans to move customer accounts to new core

Lloyds Bank is looking at a £750 million annual saving in tech spend as it plots a move to a new core banking platform from tech startup Thought Machine.

Cognizant to acquire Finnish bank-backed Oy Samlink

/Core banking systems

Cognizant to acquire Finnish bank-backed Oy Samlink

Cognizant is to acquire bank-owned Finnish IT supplier Oy Samlink as part of a programme to implement a shared core banking platform for three of the country's savings banks.

/startups

UK challenger MoneeMint signs for Codebase Digibanc tech

Codebase Technologies, a global leader in financial services and banking technology, announces that MoneeMint – aspiring to be the UK’s first completely ethical and digital bank serving the United Kingdom, and Europe – is one of the latest digital financial institutions to select the Digibanc™ enterprise banking suite from Codebase Technologies.

/Core banking systems

Avaloq doubles size of London office to cater for staff growth

Avaloq, the international fintech leader, has doubled the size of its London office to cater for strong growth in the UK driven by demand for its Software as a Service (SaaS) and Business Process as a Service (BPaaS) solutions among UK private banks and wealth managers.

/Core banking systems

Raisin joins the Temenos MarketPlace

Temenos (SIX: TEMN), the banking software company, announces today that Raisin, Europe’s largest deposits marketplace, has joined Temenos MarketPlace.

Fiserv agrees $22bn First Data acquisition

/retail

Fiserv agrees $22bn First Data acquisition

Fiserv has struck a $22 billion, all-stock deal to buy First Data, creating a payments and fintech behemoth.

/Core banking systems

Temenos goes cloud native

Temenos (SIX: TEMN) the banking software company, today marked a major milestone with the launch of two new products.

/Core banking systems

Accenture acquires Swiss fintech consultancy Orbium

Accenture has agreed to acquire Orbium, a management consultancy and technology services provider to the financial services industry, headquartered in Switzerland.

/retail

Fiserv reports outsourcing trend among core processing clients

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that more than 80 Fiserv bank clients have completed a migration to outsourced core processing in the past 24 months, with nearly 60 more scheduled to make the move in 2019.

/Core banking systems

Kuwait's central bank chooses TCS core banking platform

Tata Consultancy Services (TCS), (BSE: 532540, NSE:TCS), a leading global IT services, consulting and business solutions organization, announced that the Central Bank of Kuwait (CBK) is now operational on TCS BaNCS, its flagship banking platform that helps financial services institutions embrace open and innovative technologies that enhance end customer experience.

Challenger bank Chetwood gets UK banking licence

/Core banking systems

Challenger bank Chetwood gets UK banking licence

Chetwood Financial, which is backed by UK hedge fund Elliott Management, is the latest challenger bank to be granted a full UK banking licence.

/Core banking systems

Ohpen hires new CEO

After being ten years at the helm of core banking provider Ohpen, founder Chris Zadeh (43) transfers the CEO position to Matthijs Aler (42) per January 1st 2019.

/Core banking systems

Mi Bank turns to Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Mi BANK will leverage Fiserv technology and expertise as it opens its doors as the first de novo bank in Michigan in a decade.

/payments

Temenos signs deal with PayPal

Temenos (SIX: TEMN), the banking software company, today announces that PayPal, Inc. has selected Temenos T24 Core Banking.

/Core banking systems

Corelation signs six new credit unions

Six credit unions from various parts of the country recently signed with Corelation, Inc.

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