Core banking systems

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Outage fever strikes UK banks

/Core banking systems

Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

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Glenwood State Bank chooses Jack Henry SilverLake

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that Glenwood State Bank has expanded their relationship with Jack Henry & Associates, selecting the SilverLake System® to support their strategic growth goals with added efficiencies, high levels of integration, and advanced digital capabilities.

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Avaloq appoints new board member

Michael Pahlke has been appointed Chief Service Delivery Officer (CSDO) joining the Avaloq Group Executive Board on 1 November 2018, with a focus on expanding the firm’s global operational and technological capabilities to ensure highest levels of customer satisfaction.

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Mambu unveils integration platform as a service

Mambu, the SaaS banking engine powering modern digital financial services, today announced the launch of Mambu Process Orchestrator (MPO). An Integration Platform as a Service (iPaaS) built around the core engine, MPO enables clients to rapidly and intuitively compose, run and monitor API-driven and cloud-based processes.

/Core banking systems

Avaloq reports solid first half

Avaloq, the international fintech and leader in integrated banking solutions, has reported an 8% year-on-year increase in revenue for H1 2018 to CHF 273 million, with adjusted EBITDA for the period at CHF 36 million as at the end of June.

Varo Money signs with Temenos as bank build out begins

/Core banking systems

Varo Money signs with Temenos as bank build out begins

Having recently won preliminary approval for a national bank charter, San Francisco-based fintech startup Varo Money has struck a deal with Swiss core banking vendor Temenos to implement it T24 platform.

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Meridian Asset Management selects Dion Wealth Intelligence platform

Dion Global Solutions (Dion | BSE: 526927), the leading supplier of modular Wealth Management solutions in the U.K., announced that Meridian Asset Management (C.I.) Ltd, an independent asset manager based in Jersey, have selected its Wealth Intelligence (WIN) platform for their core Investment Management and Asset Administration activities.

Oz challenger bank Judo Capital signs for Temenos Cloud

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Oz challenger bank Judo Capital signs for Temenos Cloud

Australian challenger bank Judo Capital has opted to launch on Temenos Cloud as it bids to break into the country's SME sector.

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BTI Bank selects Path's iMAL core banking package

Path Solutions, an established leader in providing cutting-edge software solutions to the Islamic financial services industry, is pleased to announce that Bank Al-Tamweel Wa Al-Inma (“BTI Bank”) has selected iMAL Islamic core banking platform for its retail, commercial and corporate banking operations, as well as for multi-channel support, analytics, risk and compliance.

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iSignthis to acquire core banking supplier

Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX : ISX | FRA : TA8) (the Company”) is pleased to announce that it has entered into terms to acquire 100% of the issued capital of an EU based core banking platform software business (“the Business”).

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United Bank of Egypt completes core upgrade with Finastra

The United Bank of Egypt (The United Bank) has modernized its core banking infrastructure across its retail, corporate and treasury business using Finastra technology.

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Evangelische Bank implements CoCoNet's Multiversa

On their way to becoming the bank of the future, the Evangelische Bank now offers their institutional customers an improved platform for payments and cash management. The bank has opted for the financial platform MULTIVERSA IFP from CoCoNet.

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Philippine Veterans Bank selects Fiserv for transformation programme

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Philippine Veterans Bank has selected Fiserv to help enable the bank’s digital transformation.

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Link Group invests in core banking startup Leveris

Link Asset Services, part of Link Group (ASX: LNK), a leading global provider of financial administration services, today announced a strategic investment in Leveris Limited (Leveris).

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Industrial Bank implements Avaloq for private banking core rebuild

Fuzhou-headquartered Industrial Bank Co., Ltd, one of China’s largest banking groups with total assets of CNY 6.09 trillion1, has selected Avaloq to provide a comprehensive front-to-back banking solution for its Hong Kong Branch private banking business.

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Seasons FCU signs for Bankjoy

Looking to enhance its members’ banking experience whether it’s BillPay, P2P, or Amazon Echo, Seasons Federal Credit Union ($157 million; 19,000 members; Middletown, CT) has signed with online and mobile banking provider Bankjoy.

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National Bank of Egypt upgrades UK treasury and risk management operations with Finastra

Finastra today announced that National Bank of Egypt (UK) Limited is deploying Fusion Treasury and Fusion Risk.

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Temenos to support Egypt's AUC Venture Lab

The Venture lab at The American University in Cairo (AUC Venture Lab), the leading university-based startup accelerator in Africa and the MENA region, and Temenos (SIX: TEMN), the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo.

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Agricultural Bank of Sudan goes live on ICSFS

The Agricultural Bank of Sudan, the first national Sudanese bank and is wholly owned by the Government, has gone live on ICS BANKS ISLAMIC from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.

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Path Solutions selected as Attijariwafa Bank strategic IT partner

Path Solutions, a global leader in Sharia-based technologies to the Islamic financial services industry, has announced that it has signed a strategic partnership agreement with Attijariwafa Bank Group in Morocco.

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