IBS Journal | News

US-based vendor, CSC, has extended its decades-spanning partnership with SAP. The two vendors are now co-selling their banking solutions and CSC is reselling SAP products, services and support. Users of CSC's legacy platform, Hogan, are to be offered an upgrade path to SAP for Banking.

IBS Journal | News

Poland-based software vendor, Asseco, is about to complete its acquisition of R-Style Softlab, one of Russia's main players in the core banking software space. The deal is believed to be valued up to $30 million.

IBS Journal | News

Temenos' partner Wipro has landed its first deal in Europe for the hosted version of the T24 core banking system. The taker is a UK-based private banking start-up.

IBS Journal | News

Misys is believed to have landed a new deal with one of its long-standing MENA customers, Qatar National Bank (QNB). The bank's subsidiary in Tunisia is preparing to move to Equation.

IBS Journal | News

US-based Heritage Bank is implementing the DNA offering from Open Solutions (now part of Fiserv) to consolidate its systems and accommodate future growth. The first phase of getting products set up on the DNA system has been completed, and go-live is scheduled for 5th October 2013.

IBS Journal | News

Euroclear and Depository Trust and Clearing Corporation (DTCC) have announced they will launch new collateral processing services based on the former's Collateral Highway offering and the latter's equivalent, Margin Transit Utility.

IBS Journal | News

Associated Banc-Corp, a US-based institution with $23billion in assets, is implementing the Ambit Commercial Lender system from Sungard to cover its end-to-end commercial lending processes. The new platform, selected ahead of 20 other hopefuls, will be integrated to the bank's core system, Signature from Fiserv.

IBS Journal | News

The UK government's entity for providing and administering loans to householders within its much-touted Green Deal initiative to reduce energy consumption has implemented Nostrum's hosted lending platform to underpin this.

IBS Journal | News

Myanmar Livestock Fisheries and Development Bank (MLFDB) is implementing the Kastle Core Banking solution from India-based vendor, 3i Infotech, becoming the first client in the country to do so. The customisation stage is currently underway and go-live is set for 24th December 2013.

IBS Journal | News

The introduction of a new SEPA-compliant retail payments system in Estonia has been halted by the Central Bank of Estonia, Eesti Pank. The new system, dubbed EEPS Core, was due to be developed by the central bank and French vendor, Systèmes technologiques d'échange et de traitement (STET), but failed to attract the required number of banks to make the system viable. The incumbent system, ESTA, is expected to continue to be used until an alternative solution can be agreed. 

IBS Journal | News

Long-known to be heading into the UK banking market with its own fully-owned bank, Sainsbury's has selected a broad hosted service from FIS to underpin this. There will be a phased migration from the systems of Lloyds Bank, which is selling its 50 per cent shareholding in Sainsbury's Bank to J Sainsbury plc.

IBS Journal | News

Two early projects to implement Misys' Bankfusion Universal Banking core system have taken different routes: one bank has finally gone live with the system, but the other one is believed to have given up and to be pondering a new system selection.

IBS Journal | News

Vsoft Corporation has secured a new taker for its core banking solution, Coresoft, beating heavyweights, Fiserv and Harland Financial Solutions, to the deal. This is Midwest Business Solutions (MBS), a US-based credit union service organisation. Go-live is scheduled for the beginning of July 2013.

IBS Journal | News

Fundtech has added US-based QCR Holdings to its Cashplus customer base. The new platform, which includes the Smartnav enhancement, will enable QCR to centralise and consolidate all cash management operations of the financial institution and enable it to introduce flexible product bundles for corporate clients.