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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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: 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: On the move – April 2013

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.

Article: Who's Bought What? – April 2013

04 April 2013

A round-up of recent orders in the financial technology sector worldwide. New deals for NICE Actimize, Smartstream Technologies and Alaric.

Article: Misys: Kondor+

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...

Article: GBST: Syn

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...

Article: Smartstream continues progress with TLM Corporate Actions

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.

Article: Omgeo makes progress in Indonesia

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...

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: Backchat – March 2013

06 March 2013

The latest gossip from around the industry.

Article: On the move – March 2013

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.

Article: Trésorerie Centrale des Dépôts gearing up for CapitalBanker implementation

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...

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: Misys gains first taker in Malawi for MGR

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...

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: 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: Third Financial nears go-live at Arbuthnot Latham

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.

Article: On the move – October 2012

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.

Article: MCC Bank implements Infrasoft's OmniEnterprise platform

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...

Article: Overview: TCM market – Trading places

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?

Article: Case study: Bank of America Merrill Lynch – Stress relief

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.

Article: Simcorp Dimension gains new taker in Switzerland

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...

Article: UTB implementing Sword Apak's core banking system

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.

Article: Bank of Beirut opts for Bankfusion from Misys

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.

Article: Case study: Old Mutual – Stone three

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?

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: Who's Bought What? – June 2012

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...

Article: Tieto launches end-to-end securities system in UK and Ireland

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.

Article: R-Style Softlab unveils new core banking platform

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: Case study: Saudi Fransi Capital – A change of hearts

04 April 2012

Bringing two brokers under one roof means system consolidation. Saudi Fransi Capital considers its options.

Article: Case study: Zürcher Kantonalbank – The price is right

04 April 2012

Pricing and billing are the two staples of any business. Zürcher Kantonalbank centralised both processes and is enjoying the benefits.

Article: Eurex on track with new trading platform

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...

Article: Commercial Bank of Kuwait extends use of BML's ICBS

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...

Article: KDPW_CCP in Poland takes Sentinel Risk Manager from Nasdaq OMX

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...

Article: GBST grows user base of Syn settlement system

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.

Article: Interview: Hakan Aran, Isbank

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,...

Article: Eagle Asset Management takes Simcorp Dimension

11 January 2012

Eagle Asset Management, a Florida-based asset management firm with $17 billion under management, has selected Simcorp Dimension.

Article: First bank in Russia live with Mors Software treasury & risk management system

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.

Article: End of Year Review 2011

19 December 2011

A round-up of some of the key events in the industry over the past year. Read more >>

Article: Erste Bank Group rolls out collateral management system from Lombard Risk

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.

Article: Who's Bought What? – November 2011

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 ...

Article: CCK scores treasury software deal at central bank of the Philippines

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...

Article: Avaloq – Avaloq Banking System – Universal – St. Galler Kantonalbank – Switzerland

24 October 2011

New case study added in our Core Banking Systems Case Studies publication: St. Galler Kantonalbank (SGKB), a regional universal bank in...

Article: Arbuthnot Latham & Co take ThirdFin's Tercero wealth management platform

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.

Article: New loan origination system gains first takers

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...

Article: Who's Bought Who? IBS Journal September 2011

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.

Article: Misys posts annual results, rejects FIS offer

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...

Article: Sungard posts $73 million net loss for Q2 as new CEO takes over

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.