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NEW RESEARCH OUT NOW

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 >>
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IBS Journal | News

Flexcube Retail – future in doubt?

With the launch of a brand new core banking offering for large retail banks, Oracle Banking Platform (OBP), questions are raised over the positioning and future of another, much older high-end retail banking system of Oracle FSS, Flexcube Retail (FCR). The vendor, however, is keen to state that FCR still has plenty of life left in it.

 

IBS Journal | News

Ffastfill next in line to be taken over by Ion Trading

Ion Trading continues its acquisition spree, with the latest target being Ffastfill, a UK-based provider of front-to-back office derivatives trading solutions on a hosted basis. Ion Trading already holds a quarter of the company's shareholding.

 

IBS Journal | News

Visa launches a fully hosted plug-and-play mobile money service

Visa is targeting the emerging markets with a new mobile money offering, underpinned by the technology of Fundamo, a South African payments software vendor acquired by Visa in 2011. The first four takers are mobile service provider Aircel, ICICI Bank, Bank of Kigali and Urwego Opportunity Bank.

   

IBS Journal | News

Central Bank of Mauritania embarks on new system search

Central Bank of Mauritania (Banque Centrale de Mauritanie, BCM) is looking for a new core system and a project manager to assist with the system selection and implementation.


 

IBS Journal | News

Indusind Bank progresses with major IT overhaul

Indusind Bank in India continues its enterprise-wide technology revamp with the selection of Calypso for treasury services. The project is in its initial stages and the bank hopes to begin implementation later this year. This follows the recent switchover to Infosys' Finacle core banking solution from Misys' Equation.

   

IBS Journal | News

Oracle FSS and Autosoft Dynamics bidding for Bank of Punjab contract

IBS Intelligence has learnt of two vendors who are amongst those participating in the RFP to replace Bank of Punjab's core banking system. These are Oracle FSS with its Flexcube offering and Autosoft Dynamics with Autobanker.

 

IBS Journal | News

Coast Capital Savings CU goes live with T24

Coast Capital Savings Credit Union, the second largest credit union ($13.5 billion in assets) in Canada, finally goes live with a new system, Temenos' T24. Meanwhile, the vendor has signed two more T24 takers in Canada, one of which is Canadian Western Bank.


   

IBS Journal | News

Oman Housing Bank issues core banking system RFP

State-owned housing lender, Oman Housing Bank (OHB), is looking for a new core banking system and related infrastructure. The deadline for bids is set for 17th April 2013.


 

IBS Journal | News

Cambridge & Counties Bank opts for Phoebus Software

A new entrant in the UK banking space, Cambridge & Counties Bank (CC Bank), is replacing its legacy system from i-Financial with a deposits and loans offering from rival vendor, Phoebus Software.


   

Online Research | Core Banking Systems Case Studies

About the Core Banking Systems Case Studies – learn from the experiences of others

Changing a core banking system is probably one of the most complicated and intensive projects faced by IT managers and even the most experienced will approach this task with more than a little apprehension. Core Banking Systems Case Studies contains a thorough analysis of the system conversion process based on 66 real-life experiences of financial institutions around the world, starting with selection, continuing through the implementation phases, to going live with the new system, and analysing the outcome. Read more >>
 

IBS Journal | News

Ion Trading heading for clean sweep of TMS market?

Following the recent takeover of IT2 by Wall Street Systems, owned by Ion Trading, and the latter's acquisition of Financial Software Systems (FSS), it appears Ion Trading is trying to make a clean sweep of the low-end treasury systems market. However, the resulting consolidation and lack of choice for corporate treasurers may cause some in the industry to worry.

   

IBS Journal | News

Libertyville Savings Bank selects Jack Henry's Core Director

US-based Libertyville Savings Bank has chosen the hosted version of Jack Henry's Core Director to replace its 25-year-old onsite system from a Nebraska-based supplier, Modern Banking Systems. Worksheets for the deployment are now being drawn up and go-live is scheduled for 20th May 2013.


 

IBS Journal | Case Studies

Pricing and Billing Focus: Case study – Bank of the West

California-based Bank of the West is Zafin Labs' first customer in the US. It has selected the vendor's miRevenue solution to underpin it relationship banking strategy. The first major delivery is scheduled for June this year.  


   

IBS Journal | News

Casey State Bank selects Nupoint from CSI

Casey State Bank, a US-based bank with over $250 million in assets, has selected the hosted version of Nupoint core banking solution from Computer Services Inc (CSI). The bank is replacing its existing in-house system, Precision from Fiserv, and expects to roll out Nupoint across its ten-branch network by April this year.


 

IBS Journal | News

Misys gains first taker in Malawi for MGR

Misys has signed National Bank of Malawi as the first taker in the country for its enterprise risk solution, Misys Global Risk (MGR). The bank has selected the regulatory compliance module to underpin its risk management framework. The data mapping phase is underway and go-live is scheduled for June 2013.


   

IBS Journal | How to Run a Core Banking Project

How To Run A Core Banking Project Supplement 2013

A lot has been written on a wide range of aspects of running a core banking project and these subjects have been discussed at length more than once at various banking technology events, and yet the projects still fail, costing all participants time, money and reputation. Heads roll and as one banker pointed out to IBS: 'It is very interesting to see the statistics of changes of the IT management in banks that have started core banking transformation projects. Usually, once a year an IT guy or an operations guy gets sacked. There has to be some correlation, obviously.' Read more >>
 

IBS Journal | How to Run a Core Banking Project

Overview: Getting to the core

Core banking technology is constantly modernising and evolving, but the process of throwing out the old system and bringing in the new seemingly is not. IBS looks at the trials and tribulations of core banking implementation projects.


   

IBS Journal | How to Run a Core Banking Project

Spotlight: Training – Train to gain

Selecting the right training approach for a core banking implementation is a significant and challenging dimension for any project. For Ratnakar Bank, the importance of training was magnified due to the cultural diversity and vast geography of its India-based operation.


 

IBS Journal | How to Run a Core Banking Project

Case study: Standard Chartered – House rules

Standard Chartered relies heavily on its in-house team for technology needs, and when it comes to core banking software, the bank strongly believes that its own system – eBBS – is more advanced and has more to offer than the systems supplied by specialist providers. IBS talks to the bank to find out the details.


   

IBS Journal | How to Run a Core Banking Project

Case study: BBVA Compass – Where the compass points

Going against the trend of the market place can be challenging, particularly for a large bank. IBS talks to BBVA Compass, a US bank with $65 billion in assets and a place among  the 20 largest banks in the country, about its experience with a non-US system.


 

IBS Journal | News

Centenary Bank issues core banking system RFP

One of Uganda's largest microfinance banks, Centenary Bank, has embarked on a core banking system selection process.

   

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