IBS Journal | News

US-based vendor, CSC, has extended its decades-spanning partnership with SAP. The two vendors are now co-selling their banking solutions and CSC is reselling SAP products, services and support. Users of CSC's legacy platform, Hogan, are to be offered an upgrade path to SAP for Banking.

IBS Journal | News

Poland-based software vendor, Asseco, is about to complete its acquisition of R-Style Softlab, one of Russia's main players in the core banking software space. The deal is believed to be valued up to $30 million.

IBS Journal | News

Temenos' partner Wipro has landed its first deal in Europe for the hosted version of the T24 core banking system. The taker is a UK-based private banking start-up.

IBS Journal | News

Misys is believed to have landed a new deal with one of its long-standing MENA customers, Qatar National Bank (QNB). The bank's subsidiary in Tunisia is preparing to move to Equation.

IBS Journal | News

Euroclear and Depository Trust and Clearing Corporation (DTCC) have announced they will launch new collateral processing services based on the former's Collateral Highway offering and the latter's equivalent, Margin Transit Utility.

IBS Journal | News

US-based Heritage Bank is implementing the DNA offering from Open Solutions (now part of Fiserv) to consolidate its systems and accommodate future growth. The first phase of getting products set up on the DNA system has been completed, and go-live is scheduled for 5th October 2013.

IBS Journal | News

Associated Banc-Corp, a US-based institution with $23billion in assets, is implementing the Ambit Commercial Lender system from Sungard to cover its end-to-end commercial lending processes. The new platform, selected ahead of 20 other hopefuls, will be integrated to the bank's core system, Signature from Fiserv.

Online Research | Core Banking Systems Market Dynamics Report 2013

This in-depth report constitutes the core banking industry's only real snapshot of who has been buying what and where – featuring over 2150 on- and off-the-record deals including bank, system, supplier, geography, system type and year for 2007-2012. Explore regional trends, analyse how vendors are performing and competing, access unrivalled global market analysis and expert commentary. Read more >>

Online Research | Core Banking Systems Market Dynamics Report 2013

The Core Banking Systems Market Dynamics Report 2013 drills down into the Jan-Dec 2012 analysis as well as putting it into context alongside the previous five years' equivalents. IBS has now been doing our annual analysis of core system selections for 20 years. And – apologies for the bad news right up front – it is arguable that 2012 was the most depressed of the lot (with the possible exception of 1999, due to the pre-Y2K anomaly). The analysis represents the industry's definitive snapshot of what has been going on in the core banking, lending, private banking and treasury and capital markets back office systems sectors. Contents include: Core banking system trends / The Future / The Methodology.  Order access to the Market Dynamics Report to read in full >>

Online Research | Core Banking Systems Market Dynamics Report 2013

This article provides in-depth analysis of the core banking systems market from 2007-2012. We explore each year in detail separately, giving the ability to gauge what was happening before the worst of the crisis and seeing this in relation with what has happened since then. As will be seen, the depressed market means far fewer deals than pre-crisis and, if anything, the slump has only worsened, so that 2012 saw fewer deals than 2011, the latest in a clear sequence of shrinkage. Includes sales tables per year for each of the following types of system: Universal, Wholesale, Retail, Private and Lending, along with associated commentary and analysis. Order access to the Market Dynamics Report to read in full >>

Online Research | Core Banking Systems Market Dynamics Report 2013

What is the value of the core banking systems market? This question, or regional or country subsets of it, is regularly put to IBS, with interest increasing in difficult times. Related to this is the average cost for a core system. The initial discussion tends to revolve around definition and there are plenty of variables. However, by building on IBS's visibility of sales and knowledge of the market, plus a range of internal and external sources for deal value, we can move towards answering the questions. What we try to do is also show the workings as well as the conclusions. Contents include: The Issues / The Sources of Information / The US Market / The Rest of the World. Order access to the Market Dynamics Report to read in full >>

Online Research | Core Banking Systems Market Dynamics Report 2013

This chapter provides sales breakdowns for the full Core Banking Systems Market Dynamics Report 2013 dataset, featuring the following tables: Sales by system, supplier and type 2007-2012 (Totals) / Sales by year (2007-2012), region and supplier / Sales by year (2007-2012), region, system and supplier. Order access to the Market Dynamics Report to read in full >>

IBS Journal | News

The UK government's entity for providing and administering loans to householders within its much-touted Green Deal initiative to reduce energy consumption has implemented Nostrum's hosted lending platform to underpin this.

IBS Journal | News

Myanmar Livestock Fisheries and Development Bank (MLFDB) is implementing the Kastle Core Banking solution from India-based vendor, 3i Infotech, becoming the first client in the country to do so. The customisation stage is currently underway and go-live is set for 24th December 2013.

IBS Journal | News

The introduction of a new SEPA-compliant retail payments system in Estonia has been halted by the Central Bank of Estonia, Eesti Pank. The new system, dubbed EEPS Core, was due to be developed by the central bank and French vendor, Systèmes technologiques d'échange et de traitement (STET), but failed to attract the required number of banks to make the system viable. The incumbent system, ESTA, is expected to continue to be used until an alternative solution can be agreed. 

IBS Journal | Mergers & Acquisitions

Not since July 2012 have there been a month without a billion-pound-plus deal announced in the financial services sector, but April put paid to that with Protective Life Corp's GBP 692m acquisition of MONY Life Insurance ranking as the largest sale, according to Mergermarket data.

IBS Journal | News

Long-known to be heading into the UK banking market with its own fully-owned bank, Sainsbury's has selected a broad hosted service from FIS to underpin this. There will be a phased migration from the systems of Lloyds Bank, which is selling its 50 per cent shareholding in Sainsbury's Bank to J Sainsbury plc.

IBS Journal | News

Two early projects to implement Misys' Bankfusion Universal Banking core system have taken different routes: one bank has finally gone live with the system, but the other one is believed to have given up and to be pondering a new system selection.

IBS Journal | Editor's note

The number of new players in the payments sector seems to multiply by the week. They are queuing up to try to dismantle long-standing value-chains. Just about all of the newcomers are focused on the C2C or B2C spaces, whether domestic or cross-border. While for most there will still be a bank account at either end of the chain, the part in the middle is up for grabs.

IBS Journal | Case Studies

Home Trust Company in Canada is reaping the benefits from its enterprise-wide modernisation venture. The project, initiated in late 2007, surpassed the boundaries of a technology revamp by encompassing a full business process reorganisation, an extensive change management programme and a 100 per cent company-wide training scheme. Two members of top-tier management at Home Trust speak frankly about the journey… flaws included.