Core banking systems

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/Core banking systems

Misys reports Mizuho implementation

Japan's Mizuho Corporate Bank is rolling out core banking technology from UK vendor Misys across its European operations as part of an initiative to standardise business processes across its global network.

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Temenos names Mike Head global partners director

Swiss core banking vendor Temenos has appointed Mike Head to lead the development of its global partners programme.

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HSBC Bank USA struggling with core banking glitch

HSBC Bank USA - the North American subsidiary of the British banking group - has been struggling to restore data and update account balances following technical problems with its core banking platform.

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I-flex reports Banco do Brasil deal

Banco do Brasil is rolling out the Flexcube core banking platform from Indian fintech vendor i-flex across its international operations.

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Misys full year profit up; confident on outlook

After posting solid gains for the last 12 months Misys says it is confident of its ability to continue to perform, despite the credit crunch.

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Banco do Brasil selects Fiserv technology for new US unit

Banco do Brasil has selected Fiserv to provide core banking technology for a new US unit that will focus on providing services to Brazilian immigrants.

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Temenos acquires Greek core banking partner Informer for $40.3m

Swiss vendor Temenos is to acquire the core banking assets of Greek systems integration house Informer for $40.3 million in cash and shares.

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Temenos to acquire Financial Objects

Swiss banking system vendor Temenos has made a cash offer of 60 pence per share for London-based software provider Financial Objects.

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Commerzbank rolls out SAP for Banking

Germany's Commerzbank has migrated its loans processing operations to the SAP for Banking platform.

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Misys talks up full year trading

UK banking-to-healthcare vendor Misys is reporting revenue growth above expectations at its fintech divisions and says the credit crunch has not yet impacted its business.

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Standard Bank first to implement Misys BankFusion

UK fintech vendor Misys says South Africa's Standard Bank is the first company to implement its new BankFusion Universal Banking platform.

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Infosys bidding for BBVA contract

India's Infosys Technologies is close to signing a deal with Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) for the supply of its Finacle core banking technology.

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I-flex reports Flexcube contract

Indian fintech vendor i-flex says Punjab State Co-operative Bank (PSCB) is rolling out to its Flexcube core banking technology across 800 branches.

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Misys up on bid rumours

Shares in British banking systems firm Misys continued to edge up today on the back of renewed speculation that a rival vendor is gearing up to make a bid for the business.

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Japanese fintech spending to rise - study

Spending on technology by Japan's banking sector approached US$14.7 billion in 2007 and will grow at a five-year compound annual growth rate (CAGR) of 4.2% to reach US$18.2 billion by early 2012, according to a study by Boston-based analyst Celent.

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BI technology outfit Granville Associates goes under

Granville Associates, a UK provider of business intelligence (BI) software to the banking sector, has gone into administration.

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Wall Street Systems acquires Aleri wholesale banking unit

Trading and treasury systems vendor Wall Street Systems (Wallstreet) has signed an agreement to acquire the wholesale banking business of New York-based Aleri.

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CBA selects SAP for core banking overhaul

Commonwealth Bank of Australia (CBA) is moving its core banking operations to the SAP for Banking platform under a four year, A$580 million programme to overhaul its legacy systems.

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SunGard introduces Ambit banking software framework

Fintech powerhouse SunGard has unveiled an integrated package of products and services for retail, commercial and private banks that will utilise the vendor's common services architecture framework for plug-and-play connectivity.

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Temenos raises full year guidance; reports JPMorgan contract

Swiss core banking systems vendor Temenos has dodged the fall-out from the ongoing credit crunch, reporting a healthy rise in revenue and earnings for Q1 2008 and raising its year-end guidance.