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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- 17 March 2014
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Also in the News
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.
Bank of America (BoA) is midway through an enterprise-wide revamp of its wholesale banking and global IT operations. Bill Pappas, CIO, global wholesale banking and technology operations at the bank, says a number of mid-lifecycle legacy systems will be upgraded or phased out, whilst an array of new platforms will be deployed.
A specialist in credit union and microfinance sectors, Fern Software has recently broken through in Canada at a government-owned institute for SME lending. This is the latest in a number of deals from such entities around the globe for the Northern Ireland-based supplier.