Breaking News and Top Stories
ERI is believed to have recently signed a deal to replace Misys' Midas core system with its Olympic offering at Luxembourg-based Natixis Bank. Meanwhile, it is understood to have come very close to winning at two core system selections elsewhere, but lost in the final stages.Read More
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Also in the News
Banco de la Nacion will renew its effort to choose a new core system later this year, after the requirements of an earlier RFP proved impossible for vendors to meet.
Germany-based Commerzbank has partnered with Clearstream to offer a complete trade lifecycle solution for OTC derivatives transactions. The modular offering, dubbed Tradecycle, is looking for its first full taker, and utilises the global liquidity hub from Clearstream.
Malaysia-based Kenanga Investors Berhad, the largest independent investment bank in the country, is in the process of implementing a new portfolio management system, Portia from SS&C.
The Fijian subsidiary of Papua New Guinea's largest bank, Bank of South Pacific (BSP), is in the process of upgrading its core banking system, TCS's Bancs. This 'major undertaking' is expected to take around two and a half years, says the bank's country manager.
Russia-based vendor, Diasoft, has made progress at its first customer site in South East Asia, Vietnam International Bank (VIB). The bank has installed the payments management module of the vendor's Flextera solution, and plans to expand the modular range are afoot. Following this significant international breakthrough, the vendor has now set its sights on further development in the region.
Central Bank of Lesotho in Southern Africa has released an RFP for an external consultancy firm to review its current core banking system, MidasPlus from Misys. The process will determine whether the bank will continue with the system, augmenting it with add-on applications, or replace it with an alternative.