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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Also in the News
A round-up of recent appointments and departures within the industry. New hires at Cooperative Group, Abu Dhabi Commercial Bank and Spire Payments; management changes at 3i Infotech continue; departures at Misys, Sopra Group and Avaloq among others.
A round-up of recent orders in the financial technology sector worldwide. New deals for Programbank, Sungard and Trust Systems & Software.
At around the halfway stage in the year, is there any sign of a pick-up in the core banking systems sector? Green shoots are difficult to identify. The region that we highlight in this edition, South-East Asia, shows more activity than most others, while Africa still seems to be relatively busy.
The Australian Payments Clearing Association (APCA) and several of the major Australian banks have begun an industry-wide programme to upgrade the domestic payments system to a new real-time platform. The project's steering committee will draw up requirements and an implementation timeframe in the next six months, with a 2016 roll-out date provisioned.
Siam Commercial Bank, the third largest commercial bank in Thailand, is undergoing a technology revamp including enhancing its core banking system as well as implementing a new payments hub and trade finance system. The latter, Imex from Surecomp, has now gone live representing the vendor's third live site in the country and its first in nearly a decade.
Siam Commercial Bank (SCB) is the third largest commercial bank in Thailand, offering retail, corporate and wholesale banking, foreign exchange, trade finance, cash management and investment banking across its 100-branch network in South East Asia. It is midway through a major technology revamp, implementing a new payments hub and core banking system. In 2009, it also decided to replace its incumbent trade finance system, Eximbills from China Systems, with Surecomp's end-to-end solution, Imex for back office trade finance and the Allnet front-end application.
Varanitch Ujjin, project manager from SCB, says the bank was looking for...continues (login/register/subscribe).