Latest Oracle Financial Services Software Limited News: Finextra Research

Bank Islam selects T24 for Shariah-compliant banking

Bank Islam Malaysia Berhad is implementing the T24 modular core banking platform from Swiss vendor Temenos to provide Shariah-compliant services to customers in branches and via the Internet.

14 January 2008

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Finextra50 dips to 95.74 despite rises for i-flex and Computershare

Despite double-digit gains from i-flex and Computershare, the Finextra50 Financial Technology Index fell .48% last week. Weaker than expected earnings and guidance statements from Chordiant and SimCorp meant these firms led the fallers.

19 November 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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Cognizant and Reuters drag Finextra50 down by 6.9%

The Finextra50 Financial Technology Index ended last week down at 96.2. Six months after the creation of the index we have recalibrated the constituent companies, with four firms being replaced by new entrants. One of these, Bravura, joined Broadridge and Pegasystems among the few companies to buck the downward trend last week and see a significant rise in share price.

14 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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Finextra50 drops 3.19% led by i-flex and Vasco Data Security

Very few stocks posted gains last week as the Finextra50 Financial Technology Index lost ground to close at 100.21. Double-digit percentage falls from i-flex and Vasco Data Security led the downward trend, while Online Resources, Nucleus Software and Chordiant Software also saw significant share price reduction.

22 October 2007

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Financial technology stocks rally, led by Morningstar and Vasco

The Finextra50 Financial Technology index closed last week at 103.52, increasing just slightly after posting a 4.71% rise the previous week. Morningstar and Vasco Data Security were the biggest gainers, rising 20% and 19% respectively over the past two weeks.

15 October 2007

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Finextra50 flat despite gains in Indian fintech stocks

The Finextra50 Financial Technology Index finished the week down .01% to 95.35, as the recently volatile US and European markets remained fairly steady. I-flex, 3i Infotech and Mphasis in India all posted significant gains, while only Linedata, Nucleus Software and Fiserv dropped by more than 3%.

03 September 2007

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Indian IT sector drags Finextra50 down one per cent to 103.95

Indian firms mphasis and i-flex led the Finextra50 Index down one per cent last week, as concerns about the stronger rupee's impact reduced investors' earnings expectations. This was tempered by gains from UK fintech companies, including Software Solution Partnership, Microgen and Statpro, which are seeing positive growth outlooks.

23 July 2007

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SunTrust to roll out Reveleus Basel II package

US-based SunTrust Banks is implementing risk management technology from i-flex subsidiary Reveleus to comply with the Basel II capital regulations.

12 July 2007

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Finextra50 dips slightly to 100.18

European share prices fell again last week, weighed down by banking stocks, while the US markets were down by less than one percent. The Finextra50 closed down 1.48%, with small falls across many index constituents offset by some impressive gains from Chordiant Software, EDB Business Partner and Factset Research.

25 June 2007

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Finextra50 dips to 99.76

The Finextra50 Financial Technology Index continues its fortnightly yo-yo pattern, ending last week down 2.6% to close at 99.76, mainly driven by falls in European markets and several key US constituents. iFlex and Mphasis in India benefited from currency movements and takeover speculation, and in the US eFunds also rose on news that a hedge fund has taken a 6.8% stake in the company. Total System Services, Online Resources, Ingenico, Wincor Nixdorf and Temenos all saw their shares fall.

11 June 2007

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