May IBS Journal out now!
Featuring a round-up of the banking tech space happenings, including major takeovers, new signings and project fails, plus the latest gossip. Unbiased and detailed case studies include National Bank of Canada and Keybank. Plus, we unveil and analyse the results of the IBS Islamic Banking Sales League Table.
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FREE Supplement: AML, Compliance & Regulations
Once a back-water and tick-box exercise, AML is now centre stage. It has been a painful conversion for banks, with eye-watering fines and significant brand damage along the way. The debate is now centred around what constitutes best practice, particularly in light of impending new regulations.
2015 Core Banking Systems Market Dynamics Report
Our Core Banking Systems Market Dynamics Report 2015 is now available. It provides valuable information and insight into the core banking systems market, covering universal, wholesale, retail, private and lending.
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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
The latest gossip from around the industry.
Temenos kicked off its 2014 community event with the customary claim that this one, in Rome, was the biggest event yet, with around 900 attendees.
The theme of this year was 'Surviving Through the Digital Revolution', and the balance of presentations was more towards product demos than dry powerpoint expositions on subjects such as the new Database Framework than in previous years. This may have been an act of compassion on the part of the organisers but also reflects the growing maturity of some of Temenos' front and middle office products ...continues (login/subscribe).
To understand the barriers to entry in the banking sector, the obvious place to look is the UK, where government policy is encouraging a queue of new entrants, seeking to follow where Metro Bank and others have led. While some have new business models, does this add up to genuine new competition and why is leading edge technology not more to the fore?
Among the hurdles for would-be new entrants into the banking market, technology is clearly right up there. This isn't only in terms of putting in place the systems to run the bank, it is also related to the market infrastructure. In most countries, it is pretty much a closed shop or, at best, an exclusive members club, whereby non-members (the smaller players) can only take part at the will of the largest banks. ... continues (login/subscribe to read in full).
While its main differentiator is ethical banking, San Francisco-based New Resource Bank cannot ignore its technology, particularly given a relatively tech-savvy customer base. Having emerged intact after a difficult arrival, one of the things now on its 'to do' list is a replacement of its core banking system.
As a 2006 start-up, San Francisco-based New Resource Bank has had something of a rocky ride to reach where it is today. However, having started out with a focus on lending to sustainable businesses, but with classical community banking as well, when times got tough it reacted by deepening its ethical banking focus rather than drawing back. ... continues (login/subscribe to read in full).
Three banks under the BRE Bank group are in the process of being rebranded as one: mBank. What is driving the change and how is it being handled?
Poland's third largest bank by assets, BRE Bank, is merging with its two offshoots, MultiBank and mBank, to form one entity under the mBank brand. BRE Bank has been around for nearly three decades and initially focused on the corporate banking sector. Its digital banking subsidiary – mBank – was launched in the early 2000s addressing the internet banking needs of corporates, whilst MultiBank (set up around the same time) was aimed at mass affluent customers and SMEs and represented a more traditional banking model with physical branches. ... continues (login/subscribe to read in full).