Mergers & Acquisitions (M&A)

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 Mergers & Acquistions in the Banking and Financial Technology sector in order of publication date.

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Article: Heritage Bank implements DNA platform from Fiserv/Open Solutions

16 May 2013

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...

Article: Associated Banc-Corp implements Sungard for lending

14 May 2013

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,...

Article: Top 20 financial services deals from 01 April to 30 April 2013 by value

08 May 2013

Not since July 2012 have there been a month without a billion-pound-plus deal announced in the financial services sector, but April put paid to that with Protective Life Corp's GBP 692m acquisition of MONY Life Insurance ranking as the largest...

Article: Sainsbury's Bank opts for FIS as banking technology partner

08 May 2013

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...

Article: Backchat – May 2013

07 May 2013

The latest gossip from around the industry.

Article: ACI Worldwide – Base24-eps, MTS, UPP

01 May 2013

Contents: Overview / Strengths / Weaknesses / Corporate Overview / Partnership with IBM / History / Product suite / Other Products / Overall Product Strategy / Uptake and Customer Experiences / User List

Article: Atos to carve out Worldline payments business but does not intend to sell it

29 April 2013

French IT services firm, Atos, is set to carve out its Worldline payments and merchant transactions division as it aims to become a more competitive player in the European market. The restructuring is due to be completed in July 2013. There have been...

Article: UPDATE: Failure of Co-operative Bank and Lloyds merger puts IT issue in spotlight

24 April 2013

As the acquisition of Lloyds' 630+ branch network by fellow UK player, Co-operative Bank, is no more, will Co-op revert to its pre-merger IT roadmap?

Article: Sopra Banking Software fleshes out strategy

24 April 2013

Sopra Banking Software, banking software subsidiary of France-based Sopra Group, has completed the integration. The strategy of the unified entity focuses on two key offerings, Sopra Banking Amplitude and Sopra Banking Platform.

Article: ACI brings Universal Payments Platform to market

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'.

Article: Top 20 financial services deals from 01 March to 31 March 2013 by value

09 April 2013

Only one deal broke the GBP 1bn-plus barrier during March in an unusually subdued month of financial services' M&A.

Article: Worldpay acquires Yespay

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.

Article: Case study: Burgan Bank Group – Same but different

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...

Article: SIX Payment Services acquires Paylife Bank

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,...

Article: EMCF and EuroCCP join forces to create new pan-European clearing house

27 March 2013

Pan-European cash equities clearing giants EMCF (owned by ABN Amro and Nasdaq OMX) and EuroCCP (owned by the Depository Trust & Clearing Corporation) have announced an agreement to join to create a single, more robust central counterparty for...

Article: Temenos fleshes out North American strategy

27 March 2013

Temenos has emerged from its restructuring with a rejuvenated plan to tackle North America. Head of the North America region, Russell Taylor, outlines the company's intentions when it comes to gaining a successful foothold in the US market, and...

Article: Avaloq gains first live site in Spain

25 March 2013

Madrid-based private bank, Banco Alcalá, has gone live with a new core banking platform from Swiss vendor Avaloq. As the bank's parent, Crèdit Andorrà Group, is on the global expansion trail, further projects are expected to follow for the supplier. 

Article: Swisscom IT Services pushes forward with Entris acquisition

20 March 2013

Switzerland-based IT integration company Swisscom IT Services, is in the finalisation stages of its acquisition of the IT outsourcing business of Entris Banking. It will now offer business process outsourcing (BPO) to banks on both Finnova and...

Article: London Stock Exchange outlines plans for Gatelab

12 March 2013

London Stock Exchange (LSE) has outlined its plans for the Italian trading solutions provider, Gatelab, which was acquired at the end of last year. Antoine Shagoury, COO at LSE, says that the company will be developed through a joint R&D process,...

Article: Overview: Payments market – The final countdown

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.

Article: Top 20 financial services deals from 01 February to 28 February 2013

07 March 2013

The Lowlands was the surprise headline region regarding financial services M&A deals in February. The Netherlands' government nationalized embattled bank, SNS Reaal to the tune of GBP 1.9bn, plus an additional GBP 810m and GBP 930m in respective...

Article: IBS Sales League Table 2013 (results Jan-Dec 2012)

06 March 2013

Who was up, who was down and who was out in the course of 2012? What were the core banking software highlights and disasters of the year? Our annual snapshot of systems sales across the globe shows that the markets are yet to pick up, despite the...

Article: Russian vendors Sales League Table 2013 (results Jan-Dec 2012)

06 March 2013

IBS analyses the 2012 ups and downs of the Russian market, highlights notable trends, and compares the new-name core banking software wins of major domestic players.See also:

Article: US retail banking systems market analysis 2013 (results Jan-Dec 2012)

06 March 2013

The pick-up in demand for core systems continues to lift the gloom in the US and, although the market is not quite out of the woods yet, there seems to be a universal relief that the progress has been maintained.

Article: Avaloq moves into German market with Quirin Bank joint venture

06 March 2013

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...

Article: Ffastfill next in line to be taken over by Ion Trading

15 February 2013

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.

Article: Ion Trading heading for clean sweep of TMS market?

06 February 2013

Following the recent takeover of IT2 by Wall Street Systems, owned by Ion Trading, and the latter's acquisition of Financial Software Systems (FSS), it appears Ion Trading is trying to make a clean sweep of the low-end treasury systems market....

Article: Editor's Note – February 2013

06 February 2013

For a while, in mid-January, the banking software market mirrored what was happening in the UK retail space. Post-Christmas, another swathe of well-known retail chains went to the wall, with the most high-profile being music and DVD retailer, HMV....

Article: Top 20 financial services deals from 01 January to 31 January 2013 by value

05 February 2013

January cut a lean figure as 2013 swept into play compared to 12 months ago, mergermarket data shows. The top five financial services deals last month totaled GBP 3.6bn compared to GBP 6.7bn 12 months earlier.

Article: Case study: BBVA Compass – Where the compass points

30 January 2013

Going against the trend of the market place can be challenging, particularly for a large bank. IBS talks to BBVA Compass, a US bank with $65 billion in assets and a place among  the 20 largest banks in the country, about its experience with a ...

Article: Jack Henry & Associates – Silverlake – Universal – Community Bank – US

25 January 2013

New case study in our Core Banking Systems Case Studies Online >> After outsourcing its core processing to Fiserv for over two decades, a...

Article: Objectway acquires Eximius from Thomson Reuters

16 January 2013

Italian financial software company, Objectway Financial Software, has acquired the eXimius business from Thomson Reuters. The deal was agreed at the end of 2012, and Objectway has already started to cross-market Eximius to its existing client base.

Article: Ion Trading believed to be adding FSS to its bulging bag of treasury system suppliers

15 January 2013

Ion Trading, owner of Wall Street Systems, is believed to be on the point of acquiring Financial Software Systems (FSS) and its Spectrum system. This comes just days after the acquisition of another treasury systems supplier, IT2.

Article: Open Solutions and its debt of nearly $1 billion join Fiserv family

15 January 2013

Fiserv has confirmed it has bought rival Open Solutions. In two years there will be a new core system for credit unions, thrifts and non-traditional banks, offered by Fiserv, consisting of Fiserv's Acumen front-end and Open Solution's DNA core. Its...

Article: Fiserv believed to be in line to buy Open Solutions

14 January 2013

Fiserv is believed to be the latest company in takeover talks with fellow US core banking systems supplier, Open Solutions. While an announcement is expected shortly, the same had been the case with Infosys towards the end of last year.

Article: Wall Street Systems acquires rival, IT2

11 January 2013

IT2, a London-based treasury management system (TMS) provider, has been sold to Wall Street Systems. The former's private equity firm owner, CapMan Technology, has agreed to relinquish 100 per cent of the company.

Article: Top 20 financial services deals from 01 December to 31 December 2012 by value

04 January 2013

The ghost of exchange consolidation past made an unexpected appearance in late December when Atlanta's IntercontinentalExchange (ICE) made an audacious GBP 6.2bn bid for NYSE Euronext.  Throughout 2010 and 2011, exchange M&A was rife with these two...

Article: Bursa Malaysia revamps securities trading platform

03 January 2013

Bursa Malaysia, a Kuala Lumpur-based stock exchange, is implementing a new securities trading platform, X-Stream Inet from Nasdaq OMX. The new solution will be 1000 times faster than its predecessor, supplied by NYSE Euronext, and will have a...

Article: End of Year Review 2012

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...

Article: Community Bank claims progress with Jack Henry

13 December 2012

Since the deployment of Jack Henry's flagship Silverlake core banking system in 2010, New York-based Community Bank has 'not missed a beat'. It has recently acquired branches from HSBC and First Niagara, gone live with a new cheque clearing system,...

Article: JM Finn nearing go-live with Eximius and Beta Global wealth management solution

11 December 2012

UK-based JM Finn is nearing go-live with a wealth management solution from Thomson Reuters. It is the first to take a combination of this supplier's Beta Global back office system and Eximius portfolio management front-end. 

Article: Top 20 financial services deals from 01 November to 30 November 2012 by value

06 December 2012

As 2012 comes to a close, the biggest deals of the month, which were spread over Asia, Europe and the US, all fell under the umbrella of legacy deals and continued restructuring.

Article: Sofgen bolsters Avaloq offerings with SAG acquisition

05 December 2012

Sofgen has extended its Avaloq offerings with the acquisition of Zurich-based Solution Architect Group (SAG AG). Sofgen plans to target SAG's users with additional services, while also seeking to take SAG's testing tool to a wider audience.

Article: Islamic Banking Focus: Case study – Al Baraka Islamic Bank

03 December 2012

Al Baraka Islamic Bank in Pakistan was heading towards Misys' Equation, but the acquisition of a larger bank in the country brought a change of plan. The migration to a local core system, Autosoft's Autobanker, has gone well and it looks as though...

Article: Backchat: December 2012 / January 2013

03 December 2012

The latest gossip from around the industry.

Article: Interview: Tony Prestedge, Nationwide Building Society

03 December 2012

The world's largest building society, Nationwide, has had a fraught few years implementing its new core banking system but it now looks ready to reap the benefits, which could in turn put pressure on its UK competitors. IBS talks to the society's...

Article: Intelligent Environments unveils software platform for digital finance

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...

Article: Temenos: putting building blocks in place

21 November 2012

David Arnott, CEO of Temenos, gives IBS a first-hand account of what has been going on at Temenos and where the vendor is heading as it reinstates regional teams, continues with its cost-cutting programme and moves its focus to shorter projects...

Article: New Misys: new organisation, standard and client stance

14 November 2012

Bret Bolin, CEO of Misys, updates IBS on the progress of the merger of Turaz and Misys and the creation of the world's largest treasury and capital markets (TCM) and banking software vendor.

Article: Callataÿ & Wouters, Delta Informatique and Evolan unite as Sopra Banking Software

13 November 2012

France-based integrator and services company, Sopra Group, unveils its new standalone subsidiary, Sopra Banking Software. It comprises three entities, Callataÿ & Wouters (C&W), Delta Informatique and Evolan. All three continue to develop their ...