Breaking News and Top Stories
How IBS Intelligence can help you
We know the market for core banking systems, back office operations and associated technology like no one else. Through our monthly IBS Journal, in-depth reports, surveys and consulting, we can guide any bank around the globe to make the best choices. We have been focusing on this market for 20+ years and are the sector’s definitive source of information and knowledge.
Also in the News
The UK Payments Council has confirmed 16th September 2013 as the launch date for the new seven-day account switching service. 33 banks and building societies, including the likes of Nationwide Building Society, Barclays and Lloyds Banking Group, are on board to deliver the service.
Panzhihua Commercial Bank (PZH) in China has completed its ten-month deployment of the Bancs core banking system, supplied by India-based TCS. It now plans to continue its IT revamp with the installation of the Tivoli workflow tool from IBM, as well as other data management enhancements.
Regent African Bank in South Sudan, the first core banking taker in the country for Indian vendor, Trust Systems & Software, has completed the vanilla deployment of Trustbank. The focus is now on Islamic banking functionality, and once this is installed, the start-up will pioneer running the vendor's conventional and Islamic banking capabilities side by side.
Bluedoor, a wealth management platform that stems from Australia and now resides with DST Systems, is about to gain a new taker in the UK. The deal is similar to that with Skandia/Old Mutual Wealth, which has been done via IFDS, DST's subsidiary that offers outsourcing services to wealth/investment managers in Europe, underpinned by the Bluedoor platform.
UK-based Wesleyan Bank, a long-standing Misys' Bankmaster user, is understood to have reached a decision on its legacy system replacement. Other Bankmaster users in the country are likely to follow suit.
Swiss private banking group, Julius Baer, is believed to be searching for a new core banking system for its global operations. Hopefuls for this large-scale deal are thought to be Avaloq and Temenos.