Top fintech stories this week – 17 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Airtel Payments Bank, a start-up subsidiary of Indian telco Airtel, has gone live with its core banking system. This is understood to be Oracle FSS’s Flexcube.
By adopting a layered model that moves the focus from presentation to orchestration, banks can deliver an omni-access digital service that truly works for customers, says Peter-Jan Van de Venn, CCO of Dutch digital core banking platform provider Five Degrees.
EXCLUSIVE: A top tier US-based bank is modernising its global cash management ops with technology from Temenos and Finastra (formerly D+H Corporation).
Gibraltar Savings Bank has gone live on International Financial Systems’ (iFinancial) Bankware core system – the first phase of a three-phase implementation plan to replace its in-house legacy system.
A start-up bank in Iraq, Al Qurtas Islamic Bank, has gone live with its core banking system, ICBS, supplied by a Lebanon-based banking tech vendor, BML Istisharat.
Bar Harbor Bank & Trust has implemented new core banking software, Jack Henry & Associates’ Silverlake, provided on an outsourced basis.
Another member of Co-op Money NZ, the industry body for New Zealand’s credit unions and mutual building societies, is due to go live with a new core banking platform, Oracle FSS’s Flexcube.
Panin Dubai Syariah, an Islamic bank in Indonesia, has selected ICS Banks core banking platform from ICS Financial Systems (ICSFS) to replace its legacy tech.
Burnley Savings and Loans, a lending company based in Burnley, UK, is awaiting a banking licence from the UK regulator for its Bank on Dave challenger bank.
Mauritius-based Warwyck Private Bank has signed a deal with Swiss banking software tech vendor ERI to implement its Olympic core banking system.
Farmers Commercial Bank (FCB) in Sudan is upgrading its core banking system, Temenos’ T24. The bank enlisted National Data Consultants (NDC), a Pakistan-based implementation partner of Temenos, to help with the project.
National Bank of Pakistan (NBP) has picked a core banking system and vendor for its operations in Afghanistan – Autosoft Dynamics and its flagship Autobanker offering.
Myanmar-based Yoma Bank has implemented a new treasury and capital management (TCM) system, Fusioncapital Opics, supplied by Finastra (formerly Misys).
Banque Privée Edmond de Rothschild (EDR) has gone live with a new core banking platform for its Swiss operations, Avaloq Banking Suite, supplied by Avaloq.
Zain Iraq Islamic Bank for Investment and Finance, a start-up retail bank in Iraq, has opted for the iMAL core banking system from Path Solutions.
Bank of Asia, a start-up digital bank in the British Virgin Islands focused on companies that have ties to Asia, has signed for the Avaloq Banking Suite core platform.
DevOps and application lifecycle management (ALM) tech specialist Validata has gained a new customer in Singapore to deliver quality assurance for its Temenos T24 upgrade project.
A Kansas-based banking software developer, Data Centre Inc (DCI), has signed four new clients for its flagship core banking system, iCore360.
Morocco-based Al Akhdar Bank, a joint venture of Crédit Agricole and Islamic Corporation for the Development of the Private Sector (ICD), has signed for a new core banking solution, Ethix, supplied by International Turnkey Systems (ITS).
International Islamic Bank (IIB), a greenfield bank in Iraq, has gone live with the ICS Banks core banking system from regional developer ICS Financial Systems (ICSFS).
Meezan Bank, the largest Islamic Bank in Pakistan, has upgraded its core banking system, Temenos’ T24, to release 16.
Bahrain-based BMB Investment Bank has opted to modernise its treasury operations with the TCS Bancs system from TCS Financial Solutions.
UK-based Lloyds Banking Group is modernising its payments technology for corporate and institutional clients with SAP. The bank has signed for SAP’s cash management and payments platform, powered by SAP HANA.
Banks are not responding quickly enough to the rapidly changing requirements of corporate treasurers, according to new research from Ovum. Corporate requirements are expected to change further as real-time payment infrastructures are further rolled out in the main economies in Europe and the US.
Deutsche Apotheker- und Ärztebank (apoBank) has selected the Avaloq Banking Suite as it looks to increase operational efficiency via a digital strategy. As reported last year, apoBank was considering the implementation of Avaloq’s flagship core banking system. The two parties signed a contract to “analyse and elaborate how far the execution of the apoBank IT […]
NCR Corporation has signed a five-year deal with UK’s TSB Bank to look after the bank’s 900+ ATMs and IDMs as well as provide service desk support for its employees across its branch network.
Openbank, a digital banking subsidiary of Santander, has made its new core banking system decision – the bank has opted for Temenos T24. Infosys with its Finacle offering lost out in the final.
Utkarsh Small Finance Bank, a microfinance institution in India, has rolled out Intellect Design Arena’s core banking system. The bank received its licence last year, and according to Intellect, one of the key requirements for Utkarsh was to have a joint liability group solution that would enable it to provide group loans to the microfinance […]
Banking software start-up Nymbus has launched its digital banking platform – SmartDigital – offering open architecture and APIs to enable financial institutions to integrate with third-party applications.
Banking software provider Temenos has teamed up with Mulesoft, a platform provider for building application networks. The move is intended to break down barriers to the open banking initiative by facilitating API connections, reports Julie Muhn at Finovate (Banking Technology’s sister publication). As a part of the partnership, Temenos will develop a core banking adaptor […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Bank of Ireland’s new CEO is understood to be reviewing its five-year €900 million modernisation initiative – aka Project Omega – according to the Irish Times. As Banking Technology reported last year, the new set-up will be hosted by Capgemini. The bank was known to be evaluating a joint Software-as-a-Service (SaaS) offering from Temenos and […]
Zarai Taraqiati Bank Limited (ZTBL), a development bank in Pakistan, is looking for a new core banking solution for its conventional and Islamic banking operations.
Ethiopia-based Cooperative Bank of Oromia (CBO), has gone live with new core banking software, Temenos’ T24.
Credo Bank, a Georgia-based bank providing sustainable financial services for micro businesses and SMEs, has moved to the latest version of Temenos’ T24 core banking system.
EXCLUSIVE: Bank of the West, a large regional bank in the US and a subsidiary of BNP Paribas, is embarking on a major tech overhaul with Infosys, it is believed.
Luxoft Financial Services is moving into the Avaloq implementation and consulting business with the acquisition of Unafortis, a Swiss wealth management consultancy firm.
Mediterranean Bank in Malta has replaced its legacy lending solution with Infosys’ Finacle.
BGFI Bank, a financial services group in Central Africa, is upgrading its core banking software group-wide. The bank is rolling out a new version of Sopra Banking Software’s Amplitude system, Amplitude Up.