Latest Core banking systems News: Finextra Research

Bangladesh's AB Bank live with Misys Equation and Trade Innovation

Bangladesh's AB Bank has rolled out technology from UK banking systems vendor Misys to support its retail and trade finance operations.

10 December 2007

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Temenos signs Mauritius Commercial Bank to T24

Mauritius Commercial Bank (MCB) is implementing the T24 modular core banking platform from Swiss vendor Temenos to support its corporate and retail operations.

04 December 2007

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Citi completes Flexcube roll out

US banking giant Citi has completed a seven year project to implement the Flexcube core banking platform from Indian vendor i-flex across its markets and banking units in 67 countries.

14 November 2007

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Iceland's Glitnir Bank selects T24 for Finnish retail banking launch

Iceland's Glitnir Bank has licensed the T24 modular core banking platform from Swiss vendor Temenos to support the launch of its new retail banking operations in Finland.

13 November 2007

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Misys downgraded as banks review IT budgets

Shares in Misys dropped in morning trading after UBS analysts downgraded the UK banking systems vendor from 'neutral' to 'sell' following concerns that financial firms are reviewing IT budgets.

09 November 2007

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Bank of Ghana live with Temenos T24

Bank of Ghana has rolled out the T24 core banking platform from Swiss vendor Temenos at its head office and across five branches.

06 November 2007

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Islamic Bank of Asia signs for Flexcube

Indian fintech vendor i-flex has signed The Islamic Bank of Asia (IB Asia), a newly-launched subsidiary of Singapore's DBS Group, to its Flexcube core banking technology.

05 November 2007

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Temenos Q3 earnings up; raises full year guidance

Swiss banking systems vendor Temenos has posted third quarter net profit of US$9.9 million, compared to US$0.5 million in the same period last year, and has raised its full year guidance for the third time this year.

31 October 2007

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Misys reports marketing partnership with HCL Technologies

UK banking systems vendor Misys says it is targeting the high growth emerging markets of India, Singapore and Malaysia through a joint marketing deal with Indian outsourcing firm HCL Technologies.

30 October 2007

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Union Bank of India centralises branch operations with IBM

State-run Union Bank of India (UBI) has moved its national branch operations to a common server and storage system infrastructure supplied and implemented by IBM.

18 October 2007

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Misys signs Indian Overseas Bank in Singapore to Midas Plus

UK vendor Misys has signed Indian Overseas Bank in Singapore to its Midas Plus core banking system.

09 October 2007

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SunGard's CSA project enters proof-of-concept stage

After five years of development, SunGard's common services architecture framework for its technology portfolio, known as Infinity, has begun active testing with a number of unnamed banks.

03 October 2007

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Misys bolstered by banking

Shares in UK banking-to-healthcare vendor Misys jumped in morning trading after the group reported a better-than-expected rise in first quarter revenue, driven by strong sales at its banking division.

19 September 2007

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Misys reports strategic alliance with SAP

London-based Misys is collaborating with German ERP firm SAP to deliver an integrated banking system based on its its BankFusion technology, which will run on the Sap NetWeaver platform.

18 September 2007

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Temenos partners FE-Mobile for m-banking offering

Swiss banking systems vendor Temenos is teaming with London-based FE-Mobile to add mobile banking and payments functionality to its ARC front office CRM application.

17 September 2007

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Temenos signs Dresdner Kleinwort to T24

Investment bank Dresdner Kleinwort is rolling out the T24 core banking platform from Swiss vendor Temenos across 16 subsidiaries and branches in Europe, Asia and the US.

12 September 2007

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Financial Objects sees banking sofware sales slide

UK fintech vendor Financial Objects is reporting a 46% rise in pre-tax profit for the first half of the year, despite revenue at the vendor's banking systems unit falling 21% during the period.

05 September 2007

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Australian banks hit by tech glitches

Commonwealth Bank of Australia (CBA) and Bank of Queensland (BoQ) have both been hit by systems failures this week, according to press reports.

03 August 2007

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Temenos reports mixed Q2

Swiss core banking systems vendor Temenos has reported a mixed bag of second quarter results, with total revenue up 32% but net profit dropping to US$6.3 million, compared to US$8.8 million a year ago. Despite this the vendor has raised its 2007 revenue outlook for the second time this year.

25 July 2007

News/Core banking systems

Misys looks to open source to boost business

UK banking-to-healthcare software vendor Misys is establishing an open source division, headed by IBM executive Bob Barthelmes, as it looks to boost its business by increasing revenues from consulting and maintenance.

24 July 2007