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News

Unlike some 'news' sites, IBS Intelligence never copies press releases. All articles are written by our independent reporters to provide a concise, researched story that gets straight to the point. Below are the news stories for the past 12 months in date order. Search our website to find relevant articles and features.

IBS Journal | News

Atos Origin muscles into India's payment market with acquisition of Venture Infotek

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08 September 2010

Atos Origin has acquired India-based payment vendor, Venture Infotek, in an attempt to capitalise on the country's booming payments industry. It is now looking for an experienced CEO to head the entity.
Labels: Mergers & Acquisitions (M&A) , Payments
 

IBS Journal | News

Central Bank of Oman automates banking sector supervision and analysis with FRSGlobal

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08 September 2010

The Central Bank of Oman (CBO) is modernising its regulatory reporting and analysis software with the FRSGlobal suite. The project follows a spate of IT modernisation initiatives by the regulator.
Labels: Compliance / Regulations, Risk Management
 

IBS Journal | News

Silicon Valley Bank to become '360 degree' customer for Oracle and Oracle FSS in US

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08 September 2010

An early adopter of Oracle FSS's Flexcube in the US, Silicon Valley Bank (SVB), is halfway through its four-stage deployment of the system, to cover domestic and global operations. Flexcube is at the heart of SVB's major IT modernisation project to replace Fiserv's CBS and dispose of a 'spaghetti' of hundreds of applications.

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Labels: Commercial Banking / Corporate Banking, Core Banking Systems, Operational Efficiency / Process Excellence, Enterprise Transformation / Re-engineering
   

IBS Journal | News

Misys predicts cloud and hot-housing future for delivering next generation solutions

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06 September 2010

Misys' EVP and general manager, Al-Noor Ramji, and new CTO, Robin Crewe, have been setting out to IBS their vision for the company. On the cards are some radically different delivery models and ways of working.

Labels: Outsourcing, Core Banking Systems, Virtualisation
 

IBS Journal | News

Advent Software grows client base in Saudi Arabia and US

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03 September 2010

Advent's client list in Saudi Arabia grows to eight with the addition of a start-up, United Financial House (UFH). Meanwhile, US-based Dolan McEniry Capital Management has become one of the first live sites of the latest release of Advent's APX portfolio management system.
Labels: Back Office Systems, Front Office Systems, Asset Management / Investment Management
   

IBS Journal | News

Open Solutions makes headway in Vietnam; eyes other countries in the region

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03 September 2010

Open Solutions' fourth Vietnamese taker is due to go live this month. The vendor is also about to launch an ASP version of its TCBS core banking solution in Thailand with a local partner.

Labels: Core Banking Systems
 

IBS Journal | News

RDSI and New Core pull plug on collaboration

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01 September 2010

US-based banking software vendors, RDSI and New Core, are no longer jointly offering the latter's core banking system, Single Source. The fate of the Single Source takers that signed via RDSI is uncertain.

Labels: Core Banking Systems, Problem Projects, Partnerships
   

IBS Journal | News

FIS's payment systems strategy takes shape

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31 August 2010

FIS has a broad suite of retail payment systems, of different ages and technology. It is seeking to apply web services and a common look and feel through a 'wrapper' approach.
Labels: Card Management, Payments, Retail Banking
 

IBS Journal | News

Probanx signs new core banking software deals in Seychelles and Georgia

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31 August 2010

Cyprus-based core banking systems vendor, Probanx, has made inroads into the Seychelles and Georgia with its flagship offering, Coreplus.
Labels: Core Banking Systems
   

IBS Journal | News

Calypso lands front-to-back office software deal at Hong Kong Monetary Authority

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31 August 2010

Calypso's end-to-end trading and treasury management system will be rolled out in the next 18 months to support the complete range of derivatives and cash products at Hong Kong's central bank, Hong Kong Monetary Authority (HKMA).

Labels: Back Office Systems, Front Office Systems, Middle Office Systems, Cash Management / Corporate Finance / Treasury
 

IBS Journal | News

Islamic banks in Indonesia search for new core software

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31 August 2010

Indonesia's authorities are currently doing their best to spur the growth of Islamic banking in the country, which is expected to lead to more business for core banking system vendors operating there.
Labels: Core Banking Systems, Islamic Banking
   

IBS Journal | News

ABN Amro EDM project turns to next phase

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31 August 2010

ABN Amro has completed the first phases of an enterprise data management (EDM) project with Pacemetrics in time for the official split with the part of the business it sold to the Royal Bank of Scotland (RBS). It is now readying itself for the next phases of data integration with Fortis Bank Nederland.

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Labels: Asset Management / Investment Management, Mergers & Acquisitions (M&A) , Data Management
 

IBS Journal | News

Misys' treasury rejects vendor's own OpicsPlus in favour of IT2

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30 August 2010

Industry sources suggest that Misys spent over a year trying to implement its own OpicsPlus system in its corporate treasury, before giving up and signing for IT2. However, Misys adamantly denies this, claiming that it considered OpicsPlus only briefly and has never attempted to install it internally. 


Labels: Back Office Systems, Problem Projects, Cash Management / Corporate Finance / Treasury
   

IBS Journal | News

First international core banking site for Ukraine's CS now live

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27 August 2010

A Ukrainian banking software vendor, CS, has completed its first core banking system implementation outside the country.
Labels: Back Office Systems, Core Banking Systems, Lending
 

IBS Journal | News

Uruguay's Top Systems gains global microfinance software deal with BBVA

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27 August 2010

Uruguayan vendor Top Systems has recently signed with BBVA Foundation to provide the technology solution for the microfinance organisations affiliated to the foundation.
Labels: Core Banking Systems, Microfinance
   

IBS Journal | News

Canada's Home Trust perseveres with SAP for Banking despite delays and spiralling costs

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27 August 2010

Toronto-based Home Trust Company has postponed its SAP for Banking go-live by nearly a year and a half, to redefine the scope of the project and re-evaluate the processes. Costs are also on the rise. Nevertheless, the project continues.

Labels: Core Banking Systems, Lending, Problem Projects
 

IBS Journal | News

Temenos continues to sign T24 implementation partners: CSC is the latest addition

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26 August 2010

CSC has joined Deloitte, Capgemini and Cognizant on Temenos' partner list. CSC will enhance the German T24 Model Bank core system and will facilitate its push into Germany. But is a three to six week training period for the CSC staff enough to be able to offer a complete T24 delivery package?
Labels: Core Banking Systems, Problem Projects, Partnerships
   

IBS Journal | News

SIT gains new core banking system deal in Canada

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26 August 2010

Strategic Information Technology (SIT), a Canada-based core banking system vendor, has won a new customer in Effort Trust, a Canadian intermediary which takes deposits and offers mortgages.
Labels: Core Banking Systems, Problem Projects
 

IBS Journal | News

Shenzhen Rural Commercial Bank live with Fiserv's Signature core system

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26 August 2010

Shenzhen Rural Commercial Bank has gone live with a tailored version of Fiserv's Signature (formerly ICBS).
Labels: Core Banking Systems
   

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