February IBS Journal out now!
Featuring a round-up of the banking tech space, including important acquisitions, new signings, project failures, the latest gossip, plus an in-depth analysis of the risk management endeavours. You can also read about ABN Amro’s overhaul of the ATM network and how Jordan is set to become the first country in the world to move to Swift’s MX messaging standard.
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IBS Sales League Table 2015 webcast
Join us on Wednesday, 4th March 2015, at 1pm GMT as we unveil the IBS Sales League Table. It is the first sight of which banks have been buying which systems across the globe during the last year, spanning universal, retail, corporate, lending, wealth management and treasury/capital markets.
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New - IBS Intelligence White Papers
Our first series of white papers feature Avaloq, Sopra Banking Software, TCS Financial Solutions and Temenos. The papers include a write-up of each vendor, its system, evolution, strategy, functionality, technology, user experiences and product roadmap, plus an extensive user list. Further series will be released soon.
If a supplier is of particular interest, we also offer bespoke white papers.
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We know the market for core banking systems, back office operations and associated technology like no one else and through our monthly IBS Journal, in-depth reports, surveys and consulting, we can guide any bank around the globe to make the best choices.
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Banking technology news from across the globe
Intellect Design Arena (a Polaris company) has won a deal to supply a new core banking system to government-owned Development Bank of the Philippines (DPB). The vendor pipped a regional system integrator to the contract, which is estimated to be worth $6.5 million. As at the recent selection at Philippine Postal Savings Bank, the system being replaced is Misys' Equation.
A government-owned bank in the British overseas territory of Saint Helena is believed to be on the technology modernisation path, with a search for a new core system underway.
Nordic banking group, Nordea, is believed to be entering the final stages of its search for new core banking software. The 'rip and replace' project, which comes with a price tag of nearly €1 billion, will see Nordea modernise its domestic retail banking operations, among other tech related initiatives. Which two vendors made it to the final?
Bank of Queensland (BoQ) has written down AU$10 million after halting a multi-year pilot project with Salesforce.com to roll out a new CRM system. The pilot programme, launched in 2012, was to be rolled out across 50 branches initially, with the intention of supporting BoQ's staff by streamlining operational processes such as gaining access to and opening customer accounts.
Oracle FSS looks set to lose a user of its Flexcube core banking system, as the largest commercial bank in Bhutan, Bank of Bhutan, is finalising a request for expressions of interest process for suppliers to replace the software. The bank went live with version 7.3 of Flexcube in 2009, but now has plans for a 'major technology upgrade' across its network of 29 branches. Oracle FSS's domestic user base will shrink by a third if the bank eventually opts to replace the system.
Banque de Gestion et de Financement (BGF) is implementing the CapitalBanker core banking system from Capital Banking Solutions. The vendor is also supplying its internet banking application to BGF. On the way out is a locally developed legacy system, with the go-live for CapitalBanker provisioned for September this year. This is the first incursion of the vendor into Burundi, where competitors such as Oracle FSS and Sopra Banking Software (formerly Delta Informatique) have traditionally been dominant.