Financial / Banking IT Innovation
See below for a list of independently written IBS Journal news and feature articles and IBS Intelligence Research vendor profiles, case studies and market analysis related to Financial IT and Banking Technology Innovation in order of publication date.
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07 May 2013
ZUNO, a pure-play online bank unveiled by the Raiffeisen group two years ago, has surpassed the €1 billion mark in deposits. Its operations are underpinned by the Finacle core system from Infosys. The system's launch, says ZUNO's CIO and COO, was a...
07 May 2013
Netherlands-based Knab, a greenfield direct banking subsidiary of the Aegon group, believes the banking market is ripe for diversification. Knab's choice of core banking software is Sopra Banking Platform from Sopra Banking Software (formerly...
02 May 2013
With financial crimes growing daily, banks are under increased regulatory scrutiny to ensure proper policies, controls and procedures are in place. IBS speaks to Soneri Bank in Pakistan about how strong its prevention of money laundering is and how...
01 May 2013
Netherlands-based banking software vendor, Ohpen, has gained a first live site for its new system. This is Robeco, an international asset manager with €176 billion under management. 'We are very pleased to have such a major name as our full reference...
24 April 2013
ACI Worldwide has launched a new 'wrapper' payments offering, Universal Payments Platform (UPP), aimed at helping banks to bring together multiple siloed solutions and engines. The vendor describes it as 'paving the way to true enterprise payments'.
04 April 2013
Being a small player is not at odds with having great business ambitions, but it can require a major technology overhaul. IBS talks to Banco Improsa in Costa Rica about how and why it decided to achieve this as a pioneer taker of US-based...
04 April 2013
What are the implications for banks' internal systems and processes as the world moves towards Faster Payments? The best place to look is the UK, given it has had Faster Payments for almost five years.
13 March 2013
Russia-based banking software vendor, CSBI, has made a u-turn on its plans to sunset the Bankier/Pro core system and is now offering it on a software libre basis. Search for the first taker is under way.
08 March 2013
The continuing rise of mobile and contactless payments channels, M&A activity and the looming SEPA deadline has given the payments industry much to think about. 2013 looks set to be another year of reform in the retail and corporate payments space.
08 March 2013
As of next year, all Russian citizens will have to apply for a Universal Electronic Card (UEC), a new form of identification combined with a fully-fledged payments card. How does this work for the country's population of over 143 million?
08 March 2013
Sirpa Nordlund, executive director at a non-profit organisation, Mobey Forum, speaks to IBS about the trends and concerns of the marketplace, and explores the roles banks have to play to stay at the forefront of the industry (or at least afloat).
08 March 2013
Tinkoff Credit Systems Bank (TCS Bank) has a unique place in the Russian market. The brainchild of a well-known entrepreneur, Oleg Tinkov, it was originally modelled on the Capital One bank in the US and is the only bank in Russia today that...
15 February 2013
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,...
01 February 2013
ATB Financial in Canada has had a fraught few years implementing the SAP for Banking suite. The project, initiated in spring 2008, experienced delays and budget swelling, but is now complete and the bank is benefiting from the IT transformation in...
17 January 2013
The internet is a wonderful thing. It has transformed the research landscape forever and opened up the highly specialised financial technology and core banking market to a tidal wave of content. But if you are using data that is biased and/or...
20 December 2012
As 2012 drew to a close, IBS Journal rounded up the significant developments of the international banking software industry, highlighting major achievements, dubious accomplishments, key mergers and acquisitions, as well as regulatory changes that...
19 December 2012
Hong Kong Exchanges and Clearing (HKEx) is implementing MillenniumSOR from Sri Lanka-based technology solutions provider, MillenniumIT (owned by the London Stock Exchange), to drive its new Orion Central Gateway. The system is scheduled to go live in...
12 December 2012
Australia-based financial technology company, Sandstone, has launched a new prototype solution, Smartbank, which allows financial institutions to combine their personal financial management, internet and mobile banking and loan origination solutions....
06 December 2012
BBVA’s US-based subsidiary, BBVA Compass, is about to start the pilot phase of its virtual personal assistant (VPA), Lola. The full roll-out is scheduled to kick off in the US by Q1 2013, while the bank is also developing a Spanish-speaking...
30 November 2012
UK-based mobile and online banking software specialist, Intelligent Environments (IE), has launched a new integrated platform for digital financial services, Interact. The new solution, which was unveiled on 29th November 2012, has already...
28 November 2012
When two new microfinance institutions wanted to provide broader access to consumer credit and support their plans for rapid expansion, they launched on Temenos' T24 for microfinancing, hosted in the cloud. In doing so, Renaissance Credit Nigeria...
19 November 2012
With a few months of experience under its belt, the Symitar division of Jack Henry & Associates is moving towards monetising its framework for collaborative development. Following where a few others have led, perhaps the 'app store' concept is about...
06 November 2012
This section provides the results (summary tables and data sets) to the following questions posed to all respondents:Do you have any plans to replace your core system?What will this replacement programme be?When do you...
01 November 2012
Can collaborative development take off in the banking systems sector, along the lines of Apple's app store? One vendor, Open Solutions, has been pioneering this, with a few others heading in the same direction.
31 October 2012
Different models are starting to emerge for the development and delivery of banking applications. Romanian messaging system supplier, Allevo, is looking at making available its core platform in a full open source domain and is searching for a...
29 October 2012
A number of major banks have gone public on their support for SAP's bank-to-corporate initiative, FSN. Choosing Swift's Sibos conference to do so was somewhat ironic, given that this could represent a powerful alternative to the Society's...
24 October 2012
IBS was in Washington in early October for the major gathering of banks and suppliers that is the BAI Retail Delivery show. There is life in the core banking systems market in the US as well as increasing activity around channels, compliance and...
12 October 2012
Spain-based bank, La Caixa, is deploying a new in-house multi-channel platform created with web 2.0 communication tools. This pioneer development in the country is part of the bank’s plan to boost its growth in managed funds by 20 per cent and...
09 October 2012
Last month's Eurofinance gathering of corporate treasurers was relatively upbeat, with many of the attendees basking in more of a spotlight within their organisations than in days gone by. IBS reports from Monaco.
08 October 2012
There is arguably more innovation in some individual banks in Asia Pacific than there is in whole countries in Western Europe. Many are making a major push around channel delivery and social media, prompted by fierce competition and demanding,...
08 October 2012
Kbank in Thailand was an early convert to social media and has been enthusiastically working on this to complement its digital banking, with impressive results.
08 October 2012
OCBC has been a pioneer in a number of areas over the last few years and is now going further than most in its pursuit of Gen-Y with its 'Frank by OCBC' concept. How is this offshoot faring, a year and a half after its launch.
08 October 2012
The Asian market continues to be active in the banking development and innovation space, and proves to be a fertile ground for core banking vendors, both regional and from further afield. Many financial institutions are on the rise and in expansion...
08 October 2012
Mekong Development Bank triples its current account base with the launch of Vietnam's first biometric debit card through Temenos' T24 Biometrics solution, at ATMs across Vietnam.
02 October 2012
Dubai-based Eastnets has been trying to make a success of workers' remittances for some time, working with Swift. It hopes a new service, which will cut the ties with the mobile operators, will boost the uptake.
19 September 2012
Singapore has laid down the foundations for a single NFC platform on which any bank or service provider can offer services. Driven by the government's IDA, it involves all three domestic mobile operators plus DBS, Citibank and mass transit stored...
18 September 2012
Oracle has officially unveiled its new core banking system. The focus is on tier one banks and there is a live site in the form of NAB start-up, UBank. Another Australian player, Suncorp, is also involved.
13 September 2012
Vocalink is bringing a new mobile payments service to the UK market, which will allow instant mobile payments directly from one bank account to another, without logging into online banking systems or going via third parties. It has no equivalent in...
10 September 2012
IBS reports from FST Media's annual Technology and Innovation conference in Singapore. There was plenty of innovation on show from the region's banks as well as awareness that potential disruptors are lining up.
24 July 2012
Russia-based payments software provider, BPC Banking Technologies, has landed four new deals in Central and South East Asia, bringing the number of its Smartvista payments platform users in the region to 13. It continues to target ACI Worldwide's...
18 July 2012
UK-based Gresham Computing has gained the first live site for its new reconciliation offering, Clareti Transaction Control (CTC), at ANZ Bank.
09 July 2012
Crédit Agricole is building a new payments platform, based on ACI Worldwide's Base24-eps, to unify operations across the entire group. 'One billion transactions on one platform – you won't find this anywhere else,' states the chief executive of Cr...
05 July 2012
Alior Bank has launched Alior Sync, a new direct bank in Poland for social media-savvy clients, supported by a specialist channel software provider, IND Group.
29 June 2012
Swift's Innotribe technology community heads towards Sibos 2012 with new startup winners, some challenging discussion techniques and a new model to help banks find new technologies.
01 June 2012
Panama's Unibank has its roots in some of the world's biggest commercial names and it has an ex-HSBC chief executive at the helm. Can Fiserv take it higher?
16 May 2012
O2 Money explains how its new Wallet service differs from others. 'We've essentially built all the functionality you'd have in a bank,' claims Andy Tobin, CTO of O2 Money.
Article: Banks and vendors put system implementations at risk by not linking contracts to business objectives
09 May 2012
All too often during a banking system selection, the contracting and negotiation stages are detached from the overall project, sometimes being delegated to a separate purchasing department. What is often forgotten, however, is that contracts are...
01 May 2012
Russian banking software vendor, R-Style Softlab, is bringing to market a new banking software offering, Business Universe. The solution has the best-of-breed approach at its heart, and spans front, middle and back office.
Article: Free Webinar: How To Improve Negotiation and Contracting Techniques with Technology Vendors
23 April 2012
Our free webinar How To Improve Negotiation & Contracting Techniques with Technology Vendors took place on Wed 25th April 2012 (a recording of the webinar is available to view on our
26 March 2012
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