Middle Office Systems
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 Middle Office Systems in order of publication date.
You may also be interested in our Risk Management Systems & Suppliers Guide >>
Middle office is a term that in modern banking is more conceptual than actual.
In the older model of banking, trades would be conducted in the front office and then handed to the back office for settlement and accounting. The middle office came into being with the development of risk management functions and corporate oversight requirements.
The term ‘middle office’ is still used most commonly to refer to risk management and limit checking functions.
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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...
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
A round-up of recent appointments and departures within the industry. Further reshuffling at 3i Infotech. Temenos, Broadridge, Sofgen and Vocalink are among the companies to announce new hires.
04 April 2013
A round-up of recent orders in the financial technology sector worldwide. New deals for NICE Actimize, Smartstream Technologies and Alaric.
04 April 2013
Independently researched profile featuring: Company Details / Overview / Functionality of Kondor+ / Kondor+ under Misys: Positioning and Development Strategy / Company History and Systems Origins / KTP: System Origins, Development and Sales (until...
02 April 2013
Independently researched profile featuring: Company Overview / Functionality of Syn / Post acquisition roadmap, 2009-2012 / Company and product history and evolution / User List and System Implementations by Region for Syn.This...
27 March 2013
The TLM Corporate Actions solution from Smartstream has gained a new taker in the form of Ringkjøbing Landbobank, a regional bank in Denmark. The bank is moving from a largely manual environment.
12 March 2013
Omgeo has gained a strong foothold in Indonesia with two live clients for its Omgeo Central Trade Manager (CTM) central matching solution, and two ongoing implementations that are expected to go live before the end of the year. PT Schroders, the...
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.
06 March 2013
The latest gossip from around the industry.
06 March 2013
A round-up of recent appointments and departures within the industry. New hires at Alaric Systems, Sentenial and Barclaycard US. 3i Infotech, Misys and Open Solutions announce departures.
20 February 2013
Capital Banking Solutions' second customer in the Republic of the Congo, Trésorerie Centrale des Dépôts (TCD), is about to kick off its implementation of CapitalBanker. The work is due to start at the beginning of March and go-live is scheduled for...
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.
31 January 2013
Misys has signed National Bank of Malawi as the first taker in the country for its enterprise risk solution, Misys Global Risk (MGR). The bank has selected the regulatory compliance module to underpin its risk management framework. The data mapping...
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...
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.
15 October 2012
London-based private banker and investment manager, Arbuthnot Latham & Co, is extending the use of Third Financial's Tercero wealth management platform to back office. Meanwhile, co-founder of Third Financial sets up a rival firm, Wealth Dynamix.
01 October 2012
A round-up of recent appointments and departures within the industry. Departures at Infosys and Sungard plus new hires at HML, Reval and Bottomline Technologies among others.
14 September 2012
Mangalore Catholic Co-operative Bank is implementing Infrasoft's core banking solution, OmniEnterprise, to underpin its regional growth. With new technology in place, the bank's preparation for 'rapid expansion' will be complete, says Infrasoft's...
31 August 2012
How has the treasury and capital markets system space developed in recent years and what is shaping the future of the industry?
31 August 2012
Outsourcing some treasury processes can ease the strain. IBS talks to Bank of America Merrill Lynch about its soothing technological balm for stressed treasury departments.
30 July 2012
Simcorp Dimension, the flagship investment management software offering of Denmark-based Simcorp, has been selected by Eurofima, with €30 billion of assets under management, to replace in-house software. The system will support front-to-back office...
28 June 2012
Secured funding specialist, United Trust Bank, has kicked off a project to implement Sword Apak's Aurius core banking system. Go-live is expected next spring.
19 June 2012
Lebanon-based Bank of Beirut is modernising its technology at home and globally with Misys' Bankfusion Universal Banking, Trade Innovation, and Misys Sophis' Value and Risque solutions.
06 June 2012
When Old Mutual started out on a legacy renewal project in its treasury, it changed three core systems and much more besides. Did it all go smoothly?
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.
01 June 2012
A round-up of recent orders in the financial technology sector worldwide. Path Solutions, Temenos and iCreate are among the vendors announcing new deals. ABN Amro in the Netherlands, Awash International Bank in Ethiopia and KBC in Belgium and others...
17 May 2012
The Scandinavian vendor has unveiled a new securities product for the UK and Irish markets, Tieto Securities. The first taker is expected later this year.
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.
04 April 2012
Bringing two brokers under one roof means system consolidation. Saudi Fransi Capital considers its options.
04 April 2012
Pricing and billing are the two staples of any business. Zürcher Kantonalbank centralised both processes and is enjoying the benefits.
26 March 2012
Germany-based derivatives exchange, Eurex, is on track with the introduction of a new trading system, developed fully in-house. The aim is to provide a solution 'that continues to set standards in terms of efficiency and reliability', states Eurex's...
27 February 2012
Commercial Bank of Kuwait has decided to replace its Spectrum treasury system, from Financial Software Systems, with modules from the ICBS core banking solution from Lebanon-based vendor BML, according to BML.
Article: CCK gains third live site in Indonesia; targets wider region with multi-lingual version of Guava treasury suite
16 February 2012
Australia-based treasury software vendor, CCK Financial Solutions, has gained its third live site in Indonesia for its Guava system, at Bank Papua. It has also unveiled a new multilingual version Guava and has tied up with Bloomberg to target...
14 February 2012
Nasdaq OMX has gained the first customer outside the group for Sentinel Risk Manager, at Poland-based clearing house and central counterparty, KDPW_CCP. The deal was won against Calypso, Murex and Turaz (formerly Thomson Reuters' treasury and risk...
14 February 2012
GBST's Syn settlement system has had a handful of go-lives globally and is poised to replace the legacy Shares platform in Australia.
02 February 2012
Despite a failed core banking system replacement, the largest bank in Turkey is forging ahead on many fronts. Channels are a focus but so too improved efficiency, particularly through SOA and 'wide-area business process management'. IBS spoke to CIO,...
11 January 2012
Eagle Asset Management, a Florida-based asset management firm with $17 billion under management, has selected Simcorp Dimension.
23 December 2011
Swedbank Russia has replaced Thomson Reuters' Kondor+ with an integrated treasury and risk management system from Finland-based Mors Software. This is Mors' first client in Russia.
19 December 2011
A round-up of some of the key events in the industry over the past year. Read more >>
09 November 2011
Austria-based Erste Bank, one of the largest banks in Central and Eastern Europe, is implementing Lombard Risk's Colline collateral management system. Go-live is scheduled for H1 2012.
01 November 2011
A round-up of recent orders in the financial technology sector worldwide. CCK, VSoft Corporation and others have gained new deals. Citi, Quilvest Banque Privée and Co-operative Bank of Lamia are among the financial institutions that have ...
01 November 2011
Australia-based treasury software vendor, CCK, has gone public about a deal with the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP). CCK's Guava Suite will manage the bank's treasury operations, encompassing dealing, risk...
24 October 2011
New case study added in our Core Banking Systems Case Studies publication: St. Galler Kantonalbank (SGKB), a regional universal bank in...
04 October 2011
London-based private bank and wealth manager, Arbuthnot Latham & Co, is nearing go-live with Third Financial's Tercero Wealth Workstation. The project covers the front and middle office.
28 September 2011
India-based JMR Infotech has gained first two takers of its new offering, Lead to Loan, a suite that combines lead management, loan origination and credit scoring. Lead to Loan comes pre-integrated with Oracle FSS's Flexcube, but can be interfaced...
Article: Swift seeks to reassure Alliance Integrator users in relation to non-strategic JCaps technology
22 September 2011
Swift is seeking to reassure users that there will be no change any time soon with its Alliance Integrator product, despite the fact that the underlying Sun-derived JCaps technology is not seen as strategic by Oracle. IBS spoke to Swift's product...
07 September 2011
A round-up of recent mergers and acquisitions in the financial technology sector worldwide. Buyers include Avaloq, Fiserv, Patsystems and Oracle. Algorithmics, Odyssey and Visa Jordan are among the target companies.
04 August 2011
Misys' investor presentation describes its transformation strategy as 'get fit, win more, lead'. The vendor's annual results suggest that the plan is starting to bear fruit. The future, however, remains uncertain as FIS and Misys have terminated...
02 August 2011
Sungard recorded a net loss of $73 million for Q2 2011, which adds up to a net loss of $96 million for the first six months of the year. The recent change at the helm of Sungard cost $9 million.
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