Outsourcing
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 Technology Outsourcing in order of publication date.
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Article: Maitland rolls out Sungard's Investran
14 June 2013
South Africa-based Maitland is implementing the hosted version of Investran from Sungard. The implementation is in full swing with phase two due to kick off imminently, and the final delivery is scheduled for mid-December this year.
Article: Sungard signs ABG Sundal Collier for Front Arena
13 June 2013
Norway-based ABG Sundal Collier (ABGSC) has taken the hosted version of Sungard's Front Arena to replace a number of disparate systems with an enterprise trading solution. This will be the vendor's key reference site in an attempt to muscle into the...
Article: Latin America Focus: Keeping spirits up
12 June 2013
Whilst the depressed state of the core banking systems market continues across the globe, the Latin American region has been holding steady over the recent years. And, although some of its markets appear stagnant, with local and international...
Article: Who's Bought What? – June 2013
05 June 2013
A round-up of recent orders in the financial technology sector worldwide. New deals for FIS, Fiserv and 3i Infotech. Associated Banc-Corp in the US and Sainsbury's Bank in the UK are among the financial institutions acquiring new software.
Article: Overview: Trading standards
05 June 2013
The market for trading technology and infrastructure is moving fast, with regulation, new methods of trading and the increasing demands of brokers to access information and trade at high speeds around the world putting pressure on legacy systems....
Article: Wipro lands first European deal for hosted T24 platform
22 May 2013
Temenos' partner Wipro has landed its first deal in Europe for the hosted version of the T24 core banking system. The taker is a UK-based private banking start-up.
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: UK's Green Deal Finance Company live on Nostrum lending platform
10 May 2013
The UK government's entity for providing and administering loans to householders within its much-touted Green Deal initiative to reduce energy consumption has implemented Nostrum's hosted lending platform to underpin this.
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: Direct Banking Focus Case Study: Barclays US – raising the Profile
07 May 2013
When the US subsidiary of retail banking giant, Barclays, decided to venture into the online deposits world, it looked to domestic vendor FIS, with its Profile core banking system. Andrew Harris, director of deposit products at Barclays US, talks...
Article: Direct Banking Focus Case Study: Knab – where the client, 'klant', comes first
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...
Article: Who's Bought What? – May 2013
07 May 2013
A round-up of recent orders in the financial technology sector worldwide. New deals for BML Istisharat, Intrasoft International, Fundtech and Vsoft Corporation.
Article: Midwest Business Solutions selects Vsoft for core banking
01 May 2013
Vsoft Corporation has secured a new taker for its core banking solution, Coresoft, beating heavyweights, Fiserv and Harland Financial Solutions, to the deal. This is Midwest Business Solutions (MBS), a US-based credit union service organisation....
Article: Fundtech onboards new cash management client in the US
01 May 2013
Fundtech has added US-based QCR Holdings to its Cashplus customer base. The new platform, which includes the Smartnav enhancement, will enable QCR to centralise and consolidate all cash management operations of the financial institution and enable...
Article: Brand new core banking offering gains first live site
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...
Article: Equens offers new SEPA services for Dutch corporates
26 April 2013
Netherlands-based payments provider, Equens, is looking for takers for its new SEPA-compliant services for corporate clients in its home market. The new offering, dubbed Business Payments and Receipt, comprises of three modules which either come...
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: BinckBank lays out strategy for Able business
03 April 2013
Netherlands-based BinckBank has outlined its plans for the recently formed company, Able, which comprises BinckBank Professional Services and the Syntel technology business. The latter's Europort+ solution will now be run under the Able brand, and...
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: Third Financial goes public with Itex partnership
26 March 2013
London-based wealth management solutions vendor, Third Financial Software, has gone public on the details of its joint venture with Itex, an IT services provider based in the Channel Islands. The partnership sees the launch of the former's Tercero...
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: Open source-code core system in search of first taker
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.
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: Who's bought what? – March 2013
06 March 2013
A round-up of recent orders in the financial technology sector worldwide. New deals for Phoebus Software, Computer Services Inc and the London Stock Exchange gain new deals.
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: Honda Bank implements new core banking system
04 March 2013
After futile attempts to implement international banking software, Germany-based Honda Bank has turned to a local vendor, COR&FJA, and its core offering, Corbas. Meanwhile, COR&FJA is searching for a new chairman of the board.
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: Visa launches a fully hosted plug-and-play mobile money service
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,...
Article: Libertyville Savings Bank selects Jack Henry's Core Director
06 February 2013
US-based Libertyville Savings Bank has chosen the hosted version of Jack Henry's Core Director to replace its 25-year-old onsite system from a Nebraska-based supplier, Modern Banking Systems. Worksheets for the deployment are now being drawn up and...
Article: Casey State Bank selects Nupoint from CSI
05 February 2013
Casey State Bank, a US-based bank with over $250 million in assets, has selected the hosted version of Nupoint core banking solution from Computer Services Inc (CSI). The bank is replacing its existing in-house system, Precision from Fiserv, and...
Article: Fundtech launches CashPlus On-Demand
25 January 2013
Fundtech has launched a hosted version of its Global CashPlus (GCP) cash management software offering. It is aimed at smaller banks, as well as new and developing markets. More products are to follow the hosted route, says the vendor.
Article: Ratnakar Bank in India live on Finacle from Infosys
16 January 2013
Infosys' Finacle is Ratnakar Bank's new centralised core platform that, the bank believes, 'will take it to the next level'. Finacle has replaced the decentralised IT set-up based on the TC4 core banking offering from CMC, a subsidiary of Tata...
Article: SK bank outsources card services to First Data
04 January 2013
One of Poland's largest co-operative banks, SK bank, is working with First Data to bring its own-label card products to market. The bank also hopes to expand into a new business area of card issuing and processing for other financial institutions...
Article: IBS Journal Forward Features 2013
21 December 2012
View the forthcoming IBS Journal Supplements and special focus issues scheduled for 2013 and download our latest Media Pack featuring readership and distribution details, plus online and print advertising opportunities across our extensive range of...
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: Busey gets to grips with Nupoint banking system from CSI
06 December 2012
Illinois-based Busey Bank, with assets of $3.5 billion, is adjusting to its new core solution, Nupoint, provided by Computer Services, Inc. (CSI). According to Busey Bank's CIO, two months into the go-live the bank is beginning to see the full...
Article: Who's bought what? – December 2012 / January 2013
03 December 2012
A round-up of recent orders in the financial technology sector worldwide. Fundtech, BML Istisharat and Infosys are among the vendors gaining new deals. Pointbank in the US, Siam Commercial Bank in Thailand, Bank of China and others acquire new...
Article: Case study: Compartamos Banco – Cloud on the horizon
28 November 2012
Can Mexican micro-lender, Compartamos Banco, succeed with SAP where it failed with Temenos? It is mid-project as it seeks to implement a new core system and, while running late, believes there is the commitment from the supplier to succeed this...
Article: IBS Journal Lending Supplement 2012/2013
28 November 2012
IBS's supplements give us the opportunity to dig around our chosen subject areas and, before we start, it isn't always predictable what we will find. When looking for interesting lending system stories, for instance, we weren't expecting cloud...
Article: Case studies: Renaissance Credit & Fountain Credit Services – A path to the cloud
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...
Article: Infor unveils revamped Complete Billing System
07 November 2012
US-based Infor has launched a new version of its Complete Billing System (CBS). It is Java and web-based, can support multiple data sources and platforms, and is available on a SaaS basis. This development represents the vendor's desire to move...
Article: Outsource system users
06 November 2012
This section provides the results (summary tables and data sets) to the following questions posed to respondents using outsource systems:What is your outsourced system's main functional scope?When was the outsourced system...
Article: Who's bought what? – November 2012
01 November 2012
A round-up of recent orders in the financial technology sector worldwide. TCS, Sterci and Torstone Technology are among the vendors gaining new deals. Daiwa Capital Markets Europe, Victoriabank and others acquire new software.
Article: New UK entrant nears core system decision
23 October 2012
A new player on the UK market, Cambridge & Counties Bank, is due to select a new core banking system in the next couple of weeks. The FSA-regulated bank has a unique ownership structure, being held by Cambridgeshire Local Government Pension Fund and...
Article: Oak Bank nears go-live of Fiserv's Premier solution
19 October 2012
Chicago-based Oak Bank is preparing to go live with Fiserv's Premier core banking system, on an ASP basis, after more than 20 years of having systems in-house. With the new technology in place, the bank hopes to take on the likes of JP Morgan...
Article: Hawaii National Bank implements Harland's PhoenixEFE platform
17 October 2012
When Hawaii National Bank wanted to explore outsourcing to reduce periodic capital expenditures and operational expenses, it chose Harland's PhoenixEFE platform as its foundation. The platform will replace the existing Premier system from...
Article: Interview: David Gledhill – DBS
08 October 2012
IBS talks to DBS Bank's head of global technology and operations about its core banking systems projects, the role and value of the bank's IT team, the downside of system integrators and the threats and opportunities of new channels.
Article: Country focus: Japan – Good things come to those who wait
08 October 2012
Patience is the key component of success for an outsider in the Japanese market, with some hopefuls waiting for a decade before proving their commitment and making the first sale.
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: 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.
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