Latest news from IBS Journal
- New taker of Misys Equation?
- Heritage Bank implements DNA platform from Fiserv/Open Solutions
- Euroclear and DTCC to offer joint collateral services
- Associated Banc-Corp implements Sungard for lending
- UK's Green Deal Finance Company live on Nostrum lending platform
- 3i Infotech's first customer in Myanmar implements Kastle Core Banking
- Top 20 financial services deals from 01 April to 30 April 2013 by value
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 >>24 April 2013
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.
23 April 2013
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.
17 April 2013
15 April 2013
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.
15 April 2013
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.
09 April 2013
09 April 2013
European Banking Association Clearing (EBA) has launched its new MyBank e-payments channel. The system is underpinned by technology from Italy-based payments provider, SIA, and 28 institutions have joined the initiative in the first phase. Two further integration periods are scheduled for completion by the end of 2013.
IBS Journal | Mergers & Acquisitions
09 April 2013
Only one deal broke the GBP 1bn-plus barrier during March in an unusually subdued month of financial services' M&A.
08 April 2013
People's Bank in South Sudan has kicked off its implementation of Autobanker II from Pakistan-based vendor, Autosoft Dynamics. The start-up has become the vendor's fourth core banking client in the country. Go-live is scheduled for early May this year.
05 April 2013
Worldpay is acquiring payments service provider, Yespay, to position itself as a one-stop-shop for merchants, to provide them with a front-to-back office solution with 'omni-channel' shopping capabilities.
04 April 2013
04 April 2013
IBS Journal | Middle East Supplement
03 April 2013
In the current financial climate, Turkey is a rare safe haven of banking industry growth, with nearly all types of banking – be it retail, investment, commercial or participation (Islamic) – on the rise. Still, the international suppliers are yet to make their mark here. Has the time finally come?
03 April 2013
Netherlands-based BinckBank has outlined its plans for the recently formed company, Able, which comprises BinckBank Professional Services and the Syntel technology business. The latter's Europort solution will now be run under the Able brand, and will form part of either an installed or business process outsourcing (BPO) offering.
03 April 2013
Swiss card processor, SIX Payment Services (part of the newly restructured SIX Group), is acquiring Paylife Bank, Austria's largest provider for acquiring and issuing cards, in a bid to become the 'absolute payment service provider' in Europe, according to SIX's CEO.
IBS Journal | Middle East Supplement
03 April 2013
In a recent conversation with IBS, the CIO of a multinational financial institution likened a core banking system conversion to a root canal treatment at the dentist: 'it is not something you would seek out, unless the pain is really bad'. And while there are some banks around the world that are prepared to go to a dentist, figuratively speaking, without waiting until the very last minute, the majority of financial institutions tend to attempt mending their IT ills by other, less drastic means. The Middle East market is no exception.
IBS Journal | Middle East Supplement
03 April 2013
What has been happening in the core banking software market of the MENA region over the last year, and who is buying what? IBS investigates.
IBS Journal | Middle East Supplement
03 April 2013
Burgan Bank Group is attempting to standardise its operations by rolling out the ICS Banks core banking platform from Jordan and UK-based vendor, ICSFS. The system is live in one of the six banks within the group, and projects at three more are scheduled for completion within the next year. The project has been challenging, but Ivan Jensen, CTO at Burgan Bank, says that progress has been made, and with forthcoming acquisitions, more ICS Banks projects could be on the agenda.
03 April 2013
Bank Dhofar, an Oman-based bank, has gone live with Path Solutions' iMAL core system for its Islamic banking operations. This new unit, named Maisarah Islamic Bank, opened for business earlier this year. iMAL is running alongside Bank Dhofar's incumbent retail banking system, Infosys' Finacle.
02 April 2013
UK-based payments processing provider, Alaric, has gained a new taker of its Authentic platform at the Indonesian subsidiary of a large Netherlands-based bank. This is believed to be Rabobank Indonesia, which is also implementing the Temenos T24 system as it looks to overhaul its IT infrastructure.
Online Research | Back Office Systems & Suppliers (BOSS) Guide
02 April 2013
Independently researched profile featuring company status, history, background, future strategy, system functionality and technical specifications, plus a verified banks user list for B&F Soft SmartBank.
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