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: 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 ...
Article: Alpha Bank close to another takeover and IT headaches
09 November 2012
Alpha Bank in Greece is believed to be close to agreeing a merger deal, which will see it taking over troubled domestic rival, Hellenic Postbank. If this happens, a complex merger (including the IT platforms) will follow, as Hellenic Postbank, Alpha...
Article: Top 20 financial services deals from 01 October to 31 October 2012 by value
07 November 2012
In what could be considered an unexceptional year for M&A within the financial services sector, the fourth quarter saw GBP 9.88bn worth of business take place among the top 10 deals in October – almost GBP 1bn less than the comparative period last...
Article: Financial Architects adapts FinStudio platform to comply with new standard
02 November 2012
Financial Architects, part of Wolters Kluwer Financial Services, is currently working on adapting its FinStudio platform to comply with 'the next big thing in international accounting standards', which is scheduled to come into force in 2015....
Article: On the move – November 2012
01 November 2012
A round-up of recent appointments and departures within the industry. Departures at Temenos, Infosys and Alpha Bank plus new hires at Cinnober, Visa International and FNZ among others.
Article: Backchat – November 2012
01 November 2012
The latest gossip from around the industry.
Article: Misys combines 'best of breed' of Turaz and Misys to release new enterprise risk solution
01 November 2012
Following the merging of the two treasury and capital markets and banking software firms, Turaz and Misys, in June this year, Misys has launched a new enterprise risk solution, Misys Global Risk (MGR). Thierry Truche, head of product management, MGR,...
Article: Alpha Bank to buy its domestic rival, Emporiki Bank
01 November 2012
Greece-based Alpha Bank is to acquire its domestic competitor Emporiki Bank after Crédit Agricole, Emporiki's holding company, has agreed to sell it for just 1 Euro. Alpha Bank is a long-standing user of Oracle FSS's Flexcube (for international...
Article: National Bank and ANZ New Zealand finally settle on a unified core system
01 November 2012
New Zealand subsidiaries of ANZ Bank, National Bank and ANZ New Zealand, have completed the consolidation on FIS's Systematics core banking system. The project, which took almost a year longer than planned, is part of the consolidation programme, New...
Article: Clearstream makes acquisition to address hedge fund sector
30 October 2012
Can Clearstream bring straight-through processing to the hedge fund sector? It has acquired part of an Irish fund administration company, Centaur, to try to do just that.
Article: Swift cans standalone subsidiary, Arkelis
19 October 2012
Swift has pulled the plug on its autonomous subsidiary, Arkelis, the developer of Advanced Messaging Hub (AMH), an end-to-end messaging platform for top tier banks. AMH is now being integrated into the Alliance product portfolio while Swift pledges...
Article: Top 20 financial services deals from 01 September to 30 September 2012 by value
19 October 2012
Traditionally, September signals the beginning of a strong period of deal flow after a lazy summer. But 2012 has proved to be anything but traditional and September encapsulated this with an unusually low number of deals.
Article: Core banking vendor Probanx up for sale
17 October 2012
Cyprus-based banking software vendor, Probanx Information Systems, continues looking for a buyer. The company has 20 users worldwide of its flagship, Coreplus, mainly small and mid-sized online banks.
Article: IBS Journal Banking Innovation in Asia Supplement
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,...
Article: FXall plans for life within Thomson Reuters
05 October 2012
The strategy is taking shape for FXall following its recent acquisition by Thomson Reuters. There is an emphasis on integration of the former's post-trade capabilities and its new parent's pre-trade analytics but a 'no comment' on possible job losses....
Article: CFT's outsourcing initiative gathers momentum
05 October 2012
Russia-based banking software vendor, CFT, is growing its outsourcing business in the core banking software space. Six domestic banks are now live on the ASP version of the vendor's offering.
Article: Backchat – October 2012
01 October 2012
The latest gossip from around the industry.
Article: ACI Worldwide takes over fellow payments software provider, Distra
24 September 2012
ACI Worldwide has acquired Distra, Australia-based payments software vendor. The combination of the two companies and their products will create a 'huge game changer' in the industry, states Distra's co-founder. Meanwhile, Distra's CEO is leaving. ...
Article: Plus-DX sold for £10,000
21 September 2012
Plus Derivatives Exchange (Plus-DX), the remaining unsold business of the failed stock exchange, Plus Markets Group, has found a buyer, in the shape of its ex-MD, Clive Connors.
Article: Rabobank IDB in core banking system upgrade
14 September 2012
Rabobank International Direct Banking (IDB), the direct banking subsidiary of the Dutch banking group, is moving to Callataÿ & Wouters' Thaler v3 core banking system and ponders the vendor's post-acquisition future.
Article: Top 20 financial services deals from 01 August to 31 August 2012 by value
06 September 2012
The economic uncertainty that hung over much of Europe's summer has led to an understandable easing in M&A volumes in the financial services sector. August saw just two billion pound-plus deals with at least four of the top ten deals being...
Article: IBS Journal Treasury & Capital Markets Supplement
31 August 2012
How has the treasury and capital markets (TCM) system space performed over the last year? How has the consolidation of Misys, Thomson Reuters and Sophis impacted the market? What is now shaping the future of the industry and where does most activity...
Article: Co-op and Lloyds to unite on Lloyds Group's IT platform
31 August 2012
Co-op and Lloyds are to merge IT operations on Lloyds Group’s IT platform, at the expense of Infosys, Co-op's current supplier of core technology. Migration to the new platform will commence in 2015.
Article: New customers for Misys banking and TCM systems
13 August 2012
At its recent European Financial Services Conference, held in Lisbon, UK-based supplier Misys unveiled new customers for some of its banking and capital markets products.
Article: Top 20 financial services deals from 01 July to 31 July 2012 by value
07 August 2012
With the total value of July's financial services M&A transactions amounting to a tenth of the figure it achieved 12 months earlier, it could be easy to see this as indicative of the current European economic climate.
Article: Trustone Financial goes live with Fiserv's Acumen core system
02 August 2012
US-based Trustone Financial Federal Credit Union has transformed its enterprise with the Acumen core platform and a host of auxiliary solutions from Fiserv, becoming the first credit union to do an in-house installation of this kind.
Article: Misys ousts Silverlake Axis at Security Bank Savings
31 July 2012
Security Bank Savings, a domestic thrift subsidiary of Security Bank Corporation in the Philippines, has converted to Misys' Equation core system.
Article: Financial Architects acquired by Wolters Kluwer Financial Services
18 July 2012
Wolters Kluwer Financial Services has acquired its second Belgium-based risk management vendor, Financial Architects (FinArch). It already owns FinArch's rival, FRSGlobal. The acquisitions will be combined into a single finance, risk and compliance...
Article: Banking software provider Probanx seeks buyer
17 July 2012
Probanx Information Systems, the Cyprus-based banking software provider, is looking for a buyer. Georg Roider, who owns 85 per cent of Probanx, describes his business as a 'small company with a big product'.
Article: Thomson Reuters seeks FXall buyout
10 July 2012
Thomson Reuters is looking to acquire FXall. The deal, valued at around $625 million, is expected to close in Q3 2012.
Article: Top 20 financial services deals from 01 June to 30 June 2012 by value
09 July 2012
What a difference a month makes. Last month saw more than £10 billion worth of acquisitions in only the top five financial services deals throughout the month; a stark increase over the £4.8 billion worth of transactions that covered the top 20 d...
Article: Pastures new beckon for Openlink chief
05 July 2012
Openlink's CEO Kevin Hesselbirg recently announced his decision to step down so that he can let someone with 'fresh energy, experience and ideas' take his place.
Article: Temenos performs '180 degree turn' with Viveo user base
05 July 2012
Two and a half years after acquiring French rival, Viveo, Temenos has formally changed tack. It is no longer looking to force the user base to move systems by 2014.
Article: AIM Software buys ABI Informatic
04 July 2012
Reference data management solutions vendor, AIM Software, has acquired fellow Swiss data management firm, ABI Informatic. The deal came into force on 4th July 2012.
Article: IBS Journal Outsourcing Focus 2012: Overview
02 July 2012
The outsource sector is in turmoil as a model that is tied to the fortunes of customers takes a pounding. Long-standing players are struggling and this, in turn, is only likely to strengthen the long-held reluctance in many financial institutions to...
Article: Vermeg buys 25 per cent stake in BSB
21 June 2012
Vermeg, the Paris-based securities system supplier, has acquired a 25 per cent stake in BSB, which sells systems for wealth management and life insurance.
Article: Top Systems, core banking vendor in Latin America, acquired by Stefanini Group
21 June 2012
Uruguay-based Top Systems, developer of the Topaz Banking core system, has joined Stefanini Group. Topaz will continue to be developed and marketed, and will gain the option of an ASP deployment. The mid-tier Latin and Central American banking sector...
Article: Conference review: Temenos Community Forum 2012 – Spanish steps
19 June 2012
Temenos' annual customer forum met in Barcelona to discuss how the vendor intends to deliver the goods over the next year.
Article: Forum Trading Solutions acquires Plus-TS
18 June 2012
Plus Markets Group, a failed UK stock exchange and market operator, has sold its trading technology business, Plus-TS, to Forum Trading Solutions. The solution will be rebranded and offered as an 'exchange-in-a-box' on a fully-hosted basis to...
Article: Top 20 financial services deals from 01 May to 31 May 2012 by value
08 June 2012
With only three of the top 20 M&A deals executed last month within the financial services sector involving European buy side counterparts, it is becoming ever more apparent just how the euro crisis is beginning to bite.
Article: Volksbank International seeks new core system for six countries
07 June 2012
Russia-based Sberbank has announced a core banking tender for its newly acquired subsidiary, Volksbank International, covering six countries in Central and Eastern Europe. 22nd June 2012 is the closing date.
Article: Turaz and Misys become… Misys
01 June 2012
Two major treasury and capital markets vendors – Misys and Turaz – have initiated the merger. Customers will be kept fully informed on the product and services strategy, assure CEO, Bret Bolin, and president, Nadeem Syed.
Article: Logica to be bought by Canada's CGI for £1.7 billion
31 May 2012
UK-based business and technology services vendor, Logica, is in the acquisition sights of CGI. If the takeover is successful, the combined entity will be integrated under the CGI brand, with a workforce of 72,000 and a worldwide presence.
Article: Analysis: Key core banking vendors – Leaders of the pack
28 May 2012
Who are the major French core banking system players operating in North Africa, and what are they offering? Plus, core system sales in North Africa.
Article: Case study: Arab Banking Corporation – Keep calm and carry on
28 May 2012
Events around the Arab Spring have not halted Arab Banking Corporation's expansion into North Africa. IBS talks to its global head of IT about solutions, teamwork and delivery.
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