Core banking systems

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/Core banking systems

IBM, Insa and Caixanova plan Spanish technology innovation centre

IBM, through affiliate Insa, is teaming with banking group Caixanova to open a technology innovation centre in Orense, Spain.

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International Bank of Azerbaijan rolls out Oracle Flexcube

International Bank of Azerbaijan has gone live with Oracle's Flexcube core banking package, which replaces the Misys Midas system.

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National Bank of Cambodia to implement Oracle Flexcube

National Bank of Cambodia is to implement Oracle's Flexcube core banking package as it bids to modernise the country's antiquated financial system.

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Fiserv wins multi-channel deal with American Savings Bank

Honolulu-based American Savings Bank has signed an enterprise-wide deal with Fiserv to implement the US vendor's modular, multi-channel Signature Bank technology platform.

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Big likely to get bigger in consolidating core banking market

Oracle and Temenos are set to continue their dominance of the core banking technology market as smaller rivals fall by the wayside and banks take a cautious approach to vendor selection in a consolidating market, according to a new study by Forrester Consulting.

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National Bank of Malawi switches to Temenos T24

National Bank of Malawi (NBM) has ditched Misys BankMaster in favour of the T24 core banking platform from Swiss vendor Temenos to support its retail and corporate operations.

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Co-op contracts with Finacle for core banking overhaul

Co-operative Financial Services has selected the Finacle universal banking system from Infosys to replace its legacy technology infrastructure.

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HDFC Bank tools up with IBM Big Iron

India's HDFC Bank has chosen IBM's System z mainframe technology as the basis for a new IT framework.

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New Polish bank Alior deploys FIS core processing system

Alior, a Polish bank launched last year, has rolled out core processing technology from Fidelity National Information Services (FIS) across more than 100 branches.

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Coast Capital Savings signs for Temenos T24

Canadian credit union Coast Capital Savings has selected the T24 core banking platform from Swiss vendor Temenos to support its retail, commercial and small business operations.

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SunGard targets Swiss private banks with Genix acquisition

SunGard has strengthened its position in the Swiss private banking sector by acquiring Genix Systems, a small Zurich-based provider of customer information systems to small and medium-sized banks.

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Failed Dunfermline lost millions on IT project; Temenos role questioned

The collapsed Dunfermline Building Society was forced to write off a massive £9.5 million of its £11 million profit in 2007 on a failed technology subsidiary.

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National Bank of Pakistan selects FIS core processing system

National Bank of Pakistan (NBP) has signed for core processing technology from Fidelity National Information Services (FIS).

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Nomura selects Avaloq core system for Asia wealth management ops

Japan's Nomura Group is rolling out core banking technology from Swiss vendor Avaloq across its Asia wealth management operations.

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Temenos wins first commercial bank client in Central America

Banco Fichosa of Honduras is to implement a new core banking system from Swiss-based Temenos to support its retail and corporate banking operations, servicing 650,000 accounts across 88 branches in Honduras and the US.

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Temenos hit by financial market slowdown

Swiss core banking vendor Temenos has declined to give revenue guidance for 2009 as the financial slowdown bites into Q4 revenues and profits and reduces market visibility.

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Kenya Commercial Bank switches to Temenos T24

Kenya Commercial Bank (KCB), the largest bank in East and Central Africa, has gone live with Temenos T24 to support its retail and corporate banking operations.

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Misys weathers the downturn; appoints former HBOS CEO as chairman designate

Banking systems vendor Misys has reported a positive set of first half results and named Sir James Crosby, former chief executive of UK banking group HBOS, as chairman designate.

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Piraeus Bank live on Fiserv core technology in Cyprus

Greece's Piraeus Bank has gone live with the Fiserv Universal Banking system across its Cyprus operations ahead of a wider roll out.

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Kookmin Bank contracts with IBM for core banking overhaul

Korea's Kookmin Bank has selected IBM System z10 mainframe technology and DB2 servers as the foundation for a next-generation core banking application platform designed to consolidate all of the bank's different business units across the world.