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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

Brand new core banking offering gains first live site

Netherlands-based banking software vendor, Ohpen, has gained a first live site for its new system. This is Robeco, an international asset manager with €176 billion under management. 'We are very pleased to have such a major name as our full reference site,' states Chris Zadeh, founder of Ohpen.

 

IBS Journal | News

Fundtech onboards new cash management client in the US

Fundtech has added US-based QCR Holdings to its Cashplus customer base. The new platform, which includes the Smartnav enhancement, will enable QCR to centralise and consolidate all cash management operations of the financial institution and enable it to introduce flexible product bundles for corporate clients.


 

Online Research | Payments Systems and Suppliers Guide

About the Payments Systems and Suppliers Guide

The payments sector is currently one of the most active when it comes to investment. Who are the new suppliers, how are the established ones reacting? Our Payment Systems and Suppliers Guide has all the answers. Read more

Labels: Payments
   

IBS Journal | News

Midwest Business Solutions selects Vsoft for core banking

Vsoft Corporation has secured a new taker for its core banking solution, Coresoft, beating heavyweights, Fiserv and Harland Financial Solutions, to the deal. This is Midwest Business Solutions (MBS), a US-based credit union service organisation. Go-live is scheduled for the beginning of July 2013.


 

IBS Journal | News

Nedbank moves towards core system decision

South Africa's fourth largest bank is believed to have narrowed its search for a new domestic core banking system to three heavyweights, while questions have arisen about its systems strategy in the rest of Africa.

   

IBS Journal | News

Euroclear gains recruits for Collateral Highway

Euroclear's Collateral Highway has similar aims to Clearstream's Global Liquidity Hub and is gaining a similar set of takers, with Standard Chartered the latest to sign.

 

IBS Journal | News

Atos to carve out Worldline payments business but does not intend to sell it

French IT services firm, Atos, is set to carve out its Worldline payments and merchant transactions division as it aims to become a more competitive player in the European market. The restructuring is due to be completed in July 2013. There have been suggestions that Atos will be looking to sell off part of this business once the carve-out is finalised.

   

IBS Journal | News

Wahda Bank live with iMAL core system

Libya-based Wahda Bank has launched its Islamic banking services range on Path Solutions' iMAL core system. More business in the country is to follow, says the vendor, as domestic banks are mandated to go fully Shari'ah-compliant by 2015. 

 

IBS Journal | News

Bank Al Muamelat Assahiha in Mauritania goes live with iMAL

Bank Al Muamelat Assahiha (BMS) has become the third live site in Mauritania for the iMAL core banking system from Kuwait-based Islamic banking software provider, Path Solutions. The vendor was chosen ahead of a spate of regional and international rivals, including Capital Banking Solutions, SAB, Infrasoft and Temenos.

   

IBS Journal | News

Equens offers new SEPA services for Dutch corporates

Netherlands-based payments provider, Equens, is looking for takers for its new SEPA-compliant services for corporate clients in its home market. The new offering, dubbed Business Payments and Receipt, comprises of three modules which either come packaged, or as individual solutions. These services will run from Equens' in-house environment and offered on a Software-as-a-Service (SaaS) basis.

 

IBS Journal | News

Getco adds EuroCCP to its list of clearers

US-based market maker, Getco, has added EuroCCP to the list of interoperable central counterparty (CCP) clearing partners for its trading platform, GETMatched Europe.

   

IBS Journal | News

BNP Paribas adopts new Swift collateral flow messages

BNP Paribas Securities Services is to integrate Swift's new collateral flow messages into its Margin Protect service to try to remove fax and email-based processes ahead of the expected leap in volumes as a result of new regulations.

 

IBS Journal | News

UPDATE: Failure of Co-operative Bank and Lloyds merger puts IT issue in spotlight

As the acquisition of Lloyds' 630 branch network by fellow UK player, Co-operative Bank, is no more, will Co-op revert to its pre-merger IT roadmap?

   

IBS Journal | News

Sopra Banking Software fleshes out strategy

Sopra Banking Software, banking software subsidiary of France-based Sopra Group, has completed the integration. The strategy of the unified entity focuses on two key offerings, Sopra Banking Amplitude and Sopra Banking Platform.


 

IBS Journal | News

Standard Chartered partners with Clearstream for collateral management

As BNP Paribas nears go-live, Standard Chartered has signed as the third institution to seek to provide a global collateral pool for clients by working with Clearstream's Global Liquidity Hub service.

   

IBS Journal | News

ACI brings Universal Payments Platform to market

ACI Worldwide has launched a new 'wrapper' payments offering, Universal Payments Platform (UPP), aimed at helping banks to bring together multiple siloed solutions and engines. The vendor describes it as 'paving the way to true enterprise payments'.

 

IBS Journal | News

Linedata nears go-live at Northeast Investors Trust

Boston-based mutual fund, Northeast Investors Trust, is nearing go-live of the Linedata Mfact back office accounting software from French vendor, Linedata. The testing phase is nearing completion and cutover is scheduled for late April 2013.


   

IBS Journal | News

First phase of UAE DDS initiative set for June go-live

The Direct Debit Scheme (DDS), a national initiative in the UAE for electronically processed payments, is set to launch on 15th June 2013. Initially, the DDS will cover loan and mortgage repayments, with credit cards and utility payments expected to be rolled out by the end of Q1 2014.


 

IBS Journal | News

New core banking system deal for BML Istisharat

UAE-based Investbank, a long-standing user of Oracle FSS's Flexcube core platform, is expanding to Lebanon. For this greenfield operation, the bank has opted for the ICBS core offering from local vendor BML Istisharat.

   

IBS Journal | News

Intrasoft International muscles into African core banking software market

Greece-based banking software vendor, Intrasoft International, is advancing in Africa with its Profits core system, with a clutch of microfinance clients in Rwanda, a significant win at a Kenyan bank, and a potential win in Uganda.


 

IBS Journal | News

DGCX completes IT overhaul

Dubai Gold and Commodities Exchange (DGCX) is getting to grips with its new trading platform from Swedish provider, Cinnober. The system, dubbed EOS Trader, provides DGCX's brokers with a new front-end option, as well as new clearing and matching engines. The exchange has also now set its sights on the OTC market.


   

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