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There is no escaping the lack of activity in the core banking software market in 2013, despite signs of a recent global economic pick-up. Other research firms may be 'predicting growth' or 'remaining bullish' with their copycat big leagues, waves, quadrants and hype cycles, but at IBS we don't have our head in the clouds and publish what is actually happening out there. It is not pretty, at least not… Read More
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Whilst the depressed state of the core banking systems market continues across the globe, the Latin American region has been holding steady over the recent years. And, although some of its markets appear stagnant, with local and international vendors unable to bag new-name wins, there are a fair few that remain positive.
Unlike Europe and some parts of Asia, the Latin American market has been largely unaffected by the economic crisis, and so its financial prospects remain stable and its business in terms of banks investing in technology is continuing as usual. While the overall number of core banking deals worldwide has fallen sharply, with 2012 the quietest year yet, the number of deals from Latin America has been steady.
New-name wins in the region have totalled...continues (login/subscribe).
KBC Bank Ireland is moving into the next stage of its roll-out of the Dovetail Payment Services Hub. The system, which went live in April this year, will now be integrated with KBC’s in-house developed retail banking system.
Bank Sohar, an Oman-based start-up, has gone live with Path Solutions’ iMAL core offering for its Islamic banking operations. Phases one and two, which involved the roll-out of the core system, have been completed and the bank is moving into the third and final stage – the deployment of internet and mobile banking modules.
The vendor has been putting a lot of emphasis on the private banking and wealth management area over the last couple of years. Here is the latest update.
Temenos Connect, the vendor's new multi-channel offering, attracted a lot of interest at Temenos Community Forum (TCF), even though many delegates exercised caution in forecasting its success, waiting to see the first live sites. IBS caught up with the Temenos Connect team.