IBS Journal | News

The Scandinavian vendor has unveiled a new securities product for the UK and Irish markets, Tieto Securities. The first taker is expected later this year.

IBS Journal | News

Belgium-based risk and accounting systems specialist, Financial Architects, makes senior appointments for North American business and discusses a tie-up with a major US core banking software vendor.

IBS Journal | News

O2 Money explains how its new Wallet service differs from others. 'We've essentially built all the functionality you'd have in a bank,' claims Andy Tobin, CTO of O2 Money.

IBS Journal | News

ABN Amro has completed the consolidation of its German private banking subsidiaries, Bethmann Bank and LGT Bank Deutschland. Die Software Peter Fitzon's OBS core system was picked at the expense of its rival Avaloq.

IBS Journal | News

A UK stock exchange and market operator, Plus Markets Group, has given up on attempts to turn its loss-making business around and is closing.

IBS Journal | News

Novo Cura Holdings, a Bangkok-based investment and advisory firm, has filed injunctions against Slaterlabs and its directors, John Slater, John McDermit and Ricardo Izquierdo, in relation to Slaterlabs' apparent attempt last year to take over Fisc Solutions.

IBS Journal | News

It has been announced internally that Vista's man, Bret Bolin, is to be the CEO of the combined Misys/Turaz entity when Vista's takeover of Misys is completed. The schedule for this has been pushed back due to a Portuguese-related delay.

IBS Journal | Mergers & Acquisitions

The beginning of Q2 saw the top three major deals take place involving inter-Asia transactions totaling more than £7 billion – a potential indication as to where the majority of available funds, and appetite, still lie for large scale acquisitions.

IBS Journal | News

The PECDC credit default initiative is seeking new bank members as it gets ready for a go-live with its new SAS analytics platform and Capgemini services.

IBS Journal | News

After evaluating the enterprise data management market for a couple of years, Markit believes Cadis' platform is a 'natural fit', with the deal driven by escalating data-related demands on financial institutions.

IBS Journal | News

Greece is not the obvious place to look at present for start-ups but a new company called INSS is seeking to offer payment services, underpinned by the Authentic and Fractals systems from UK-based Alaric.

IBS Journal | News

A centralised open payments switch is currently being implemented in Ghana that will be able to process all types of transaction between all banks and financial institutions.

IBS Journal | News

Urbis had disappeared from view in the core banking space but Unisys has now made a .Net version available. Can the system find a first new customer since 2003? 

IBS Journal | Analysis

All too often during a banking system selection, the contracting and negotiation stages are detached from the overall project, sometimes being delegated to a separate purchasing department. What is often forgotten, however, is that contracts are also business documents which describe and control the relationships between the various parties around the topic of the implementation and support of a new core banking system. A contract should not gather dust on a shelf, but should remain as a relevant document throughout the selection cycle and continue to frame the relationship with the supplier, particularly when things change. Read more >>

Online Research | Retail Banking Systems Market Report

New supplier entry in our Retail Banking Systems Market Report featuring: Management Summary / Company Details / Origins / Capital Global Banking Technical Details / Capital Global Banking Service and Functionality / Acquisitions and geographical expansion / Conclusion / Capital Global Banking User List and System Implementations by Region Pie Chart.

This supplier is also profiled in the following IBS Intelligence research publication:

Back Office Systems & Suppliers (BOSS) Guide >>

IBS Journal | News

IT services company, Sofgen, has recruited two senior staff from its partner, Avaloq, as it seeks to extend its services related to the latter's banking platform.

IBS Journal | Financial Crime and Anti-Money Laundering (AML)

Is the IRS going to change its name? This is the question nobody is asking as the world financial industry comes to terms with the Foreign Account Tax Compliance Act (FATCA) which, as can be deduced, specifically targets assets held outside US soil. Read more >>

IBS Journal | Financial Crime and Anti-Money Laundering (AML)

There are a couple of ways of putting the issue of sanctions in perspective. One is to consider the enormity of the fines levied against banks found in contravention by US authorities, specifically the Office for Foreign Asset Control (OFAC), which has far reaching power when it comes to sanctioned entities. Deploying the right screening technology is vital to keep on side.

IBS Journal | Financial Crime and Anti-Money Laundering (AML)

The Swift Sanctions Screening service went live on 16th April 2012, and promises 'on the fly screening of Swift messages'. The offering has been in genesis for a couple of years. IBS talks to Swift's head of AML and sanctions about it.

IBS Journal | Financial Crime and Anti-Money Laundering (AML)

Is the island of Bermuda strong on prevention of money laundering? Horst Finkbeiner, COO of Bermuda Commercial Bank puts its case to IBS: 'I know the other banks work really hard at keeping the money launderers out, but it is a constantly shifting landscape and it is hard work to keep up.'

IBS Journal | Financial Crime and Anti-Money Laundering (AML)

New guidance from the Internal Revenue Service in February 2012 put further meat on the bones of the Foreign Account Tax Compliance Act, designed to tax assets held overseas by US citizens.

IBS Journal | News

SAP plans to double its workforce and treble the number of certified consultants in the Russia and CIS region, and to make another push into the core banking software space.

Online Research | Core Banking Systems Cost Benchmark 2012

Over the last few years, IBS Intelligence has fielded more and more questions on the cost of core banking systems and the value of the overall market. In late 2011, we decided to look in more detail at the pricing and market sizing issue. This led to a survey of banks that had replaced their core systems in the last few years. As we were asking detailed questions around potentially sensitive information, the promise of full anonymity was vital to gaining the responses. We had responses from 52 banks, of which 30 had sufficient granularity across all of the pricing questions to constitute full responses. There was value in all of the others but not around each of the specific pricing questions. The result is this report, which seeks to give transparency to the whole area of core banking system pricing. Read more >>

IBS Journal | Editor's note

In the end, the shake-up in the banking systems market has not been as seismic as it might have been. Nevertheless, the winds of change are blowing and this feels like a pivotal moment.