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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 >>
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IBS Journal | News

Avaloq moves into German market with Quirin Bank joint venture

Avaloq has joined forces with Berlin-based Quirin Bank to offer the Avaloq Banking System (ABS) on an outsourced basis. Avaloq will also migrate the clients of domestic core banking offering, Itrexs, over to this hosted version of ABS in the first phase of the project, with this base acquired last year with Höll Computer and Software.


 

IBS Journal | News

Temenos reports 'on-track' progress with ABN Amro payments project

Temenos perseveres with its plans to muscle into the payments sector with a new enterprise payments platform for large international and regional banks, and continues to work closely with the pilot taker, ABN Amro.


   

IBS Journal | News

Oman's first standalone Islamic bank enters phase two of iMAL implementation

Bank Nizwa, the first fully-fledged Islamic bank in Oman, has entered into the second phase of its implementation project, installing new channels such as internet banking and SMS functionality. It is still early days for this venture and the start-up hopes for all channels to be live before the end of 2013. This follows the recent launch of Path Solutions' iMAL core banking solution.


 

IBS Journal | News

Burj Bank migrates to iMAL

Pakistan-based Burj Bank has completed its implementation of Path Solutions' iMAL. The bank replaced the Ambit Retail Banking solution from Sungard in February 2013. 
   

IBS Journal | News

Honda Bank implements new core banking system

After futile attempts to implement international banking software, Germany-based Honda Bank has turned to a local vendor, COR&FJA, and its core offering, Corbas. Meanwhile, COR&FJA is searching for a new chairman of the board.  


 

IBS Journal | News

Central Bank of Azerbaijan upgrading Temenos T24

Central Bank of Azerbaijan (CBA) has issued a tender document for the upgrade of its current version of Temenos' T24, from R07 to the latest version. The deadline for proposals is on 17th April 2013.


   

IBS Journal | News

High-profile departure at Temenos

Following weeks of speculation regarding Mark Cullinane's future at Temenos (or the lack of it, to be more precise), the vendor has finally confirmed that the ex-Temenos COO is indeed leaving. The departure coincides with Temenos' release of financial results, which see the vendor back in the black.

 

IBS Journal | News

Aman Bank implements Flexcube from Oracle FSS

Libya-based Aman Bank has initiated its implementation of Oracle FSS's Flexcube core banking system. The bank hopes to roll out the solution to its 23 branches and agencies, as well as its ten mobile branches by the end of 2013. Eduardo Pinto, COO at the bank, describes the timescale as 'very ambitious'.


   

IBS Journal | News

Bolsa de Valores de Lima signs for MillenniumIT trading platforms

Peru-based Bolsa de Valores de Lima (BVL) is preparing to kick off its implementation of the Millennium Exchange and MillenniumSOR platforms owned by the London Stock Exchange (LSE). As well as this, BVL is close to finalising an agreement for a long-term partnership with LSE, which will see further technology upgrades in the future.


 

IBS Journal | News

Trésorerie Centrale des Dépôts gearing up for CapitalBanker implementation

Capital Banking Solutions' second customer in the Republic of the Congo, Trésorerie Centrale des Dépôts (TCD), is about to kick off its implementation of CapitalBanker. The work is due to start at the beginning of March and go-live is scheduled for June 2013. TCD follows the footsteps of Banque Postale du Congo, which went live with the vendor's flagship system in January this year.


   

IBS Journal | News

Flexcube Retail – future in doubt?

With the launch of a brand new core banking offering for large retail banks, Oracle Banking Platform (OBP), questions are raised over the positioning and future of another, much older high-end retail banking system of Oracle FSS, Flexcube Retail (FCR). The vendor, however, is keen to state that FCR still has plenty of life left in it.

 

IBS Journal | News

Ffastfill next in line to be taken over by Ion Trading

Ion Trading continues its acquisition spree, with the latest target being Ffastfill, a UK-based provider of front-to-back office derivatives trading solutions on a hosted basis. Ion Trading already holds a quarter of the company's shareholding.

   

IBS Journal | News

Visa launches a fully hosted plug-and-play mobile money service

Visa is targeting the emerging markets with a new mobile money offering, underpinned by the technology of Fundamo, a South African payments software vendor acquired by Visa in 2011. The first four takers are mobile service provider Aircel, ICICI Bank, Bank of Kigali and Urwego Opportunity Bank.

 

IBS Journal | News

Central Bank of Mauritania embarks on new system search

Central Bank of Mauritania (Banque Centrale de Mauritanie, BCM) is looking for a new core system and a project manager to assist with the system selection and implementation.


   

IBS Journal | News

Indusind Bank progresses with major IT overhaul

Indusind Bank in India continues its enterprise-wide technology revamp with the selection of Calypso for treasury services. The project is in its initial stages and the bank hopes to begin implementation later this year. This follows the recent switchover to Infosys' Finacle core banking solution from Misys' Equation.

 

IBS Journal | News

Oracle FSS and Autosoft Dynamics bidding for Bank of Punjab contract

IBS Intelligence has learnt of two vendors who are amongst those participating in the RFP to replace Bank of Punjab's core banking system. These are Oracle FSS with its Flexcube offering and Autosoft Dynamics with Autobanker.

   

IBS Journal | News

Coast Capital Savings CU goes live with T24

Coast Capital Savings Credit Union, the second largest credit union ($13.5 billion in assets) in Canada, finally goes live with a new system, Temenos' T24. Meanwhile, the vendor has signed two more T24 takers in Canada, one of which is Canadian Western Bank.


 

IBS Journal | News

Oman Housing Bank issues core banking system RFP

State-owned housing lender, Oman Housing Bank (OHB), is looking for a new core banking system and related infrastructure. The deadline for bids is set for 17th April 2013.


   

IBS Journal | News

Cambridge & Counties Bank opts for Phoebus Software

A new entrant in the UK banking space, Cambridge & Counties Bank (CC Bank), is replacing its legacy system from i-Financial with a deposits and loans offering from rival vendor, Phoebus Software.


 

Online Research | Core Banking Systems Case Studies

About the Core Banking Systems Case Studies – learn from the experiences of others

Changing a core banking system is probably one of the most complicated and intensive projects faced by IT managers and even the most experienced will approach this task with more than a little apprehension. Core Banking Systems Case Studies contains a thorough analysis of the system conversion process based on 66 real-life experiences of financial institutions around the world, starting with selection, continuing through the implementation phases, to going live with the new system, and analysing the outcome. Read more >>
   

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