Breaking News and Top Stories
National Australia Bank (NAB) is nearing the completion of an overhaul of its global trade finance business with Misys' Trade Innovation. Its New Zealand-based subsidiary, BNZ, is expected to go live in September this year, after the system was rolled out to its Asian locations over the last 15 months.Read More
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ME Bank, a small player in Australia with big ambitions, is investing AU$60 million (US$57 million) in its technology transformation programme, which will deliver 24 technology solutions over 15 projects. IBS talks to Kathryn Hawkins, CIO of ME Bank.
To begin with, the bank invested in building an organisation competence model, which was then used to overlay the strategic business plan and the technology support. This is when it was discovered that the existing technology set-up was too limited, and lacked agility and flexibility. 'We spent a fair amount of time working across the organisation to understand where we wanted to be and what we needed to support it – this is where we understood our existing core solutions were not going to support our journey and knew that we would need to go to market. At this point we...continues (login/subscribe).
As the UK's banking sector is yet to settle down in the aftermath of the crisis, calls for more competition and diversification are widespread. Smaller players and new entrants should be able to get a foot in the door easier. The era of top-tier banks dominating the market should come to an end. Big banks should fully segregate their retail and investment activities. None of this rings new. But what about... uniting everyone on a common banking platform?
A round-up of recent orders in the financial technology sector worldwide. Calastone, Infosys and Provenir are among the vendors gaining new deals. Erbil Stock Exchange and Klarna acquire new software.
A round-up of recent appointments and departures within the industry. Sopra Banking Software poaches from Yalamanchili; new hires at Accenture, CR2 and Zafin; plus further changes and departures at Barclays, Infosys and Oracle FSS.