During the two-day MoneyConf event in Madrid, there was an exclusive Banking Technology interview with Matteo Cassina, member of the global executive committee at Saxo Bank. Deputy editor Antony Peyton spoke to him about his opinions on the show and the industry. In terms of MoneyConf 2016, Cassina says: “I do believe there are a […]
Symphony, a new instant messaging service, and Markit have partnered to promote the adoption of a Collaboration-Platform-as-a-Service (CPaaS), “to enable richer workflow and collaboration throughout the financial industry and other sectors”. As part of the agreement, Markit will develop hosted applications and data delivery services, which will be made available via the Symphony service. Brad […]
Sernova Financial, a UK-based provider of turnkey post-trade services, has recruited TCS to deliver a new cloud-based derivatives post trade processing service. The software underpinning this service is supplied by Calypso. TCS says this tie-up “combines Sernova’s capital markets expertise, Calypso platform’s capability and TCS’s bouquet of capital markets solutions”. Venkat Ramasamy, executive chairman of […]
Bendigo and Adelaide Bank, Australia’s fifth largest retail bank, has deployed IBM’s cloud development platform, Bluemix. It will assist the bank to develop new banking products and services for its 1.6 million customers, says Stella Thredgold, the bank’s business enablement exec. “The way our customers engage with us and the service they need is changing, […]
Berlin-based fintech incubator FinLeap and solarisBank have created the first global banking platform, called Solaris – a Banking-as-a-Platform (BaaP) service. What is it all about and how is it going to make its mark on the fintech industry? Devie Mohan interviews FinLeap’s co-founder, Ramin Niroumand. The solarisBank launch has been in the press quite a […]
Alpha Payments Cloud, a provider of the AlphaHub Payments-as-a-Service platform, has received investment from Wells Fargo. Through its Startup Accelerator programme, for the next six months Wells Fargo will collaborate with Alpha Payments Cloud on its global payments network technologies for merchants. The company says its valuation now stands at $100 million. Wells Fargo’s Startup […]
Corezoid, a US-based provider of a Platform-as-a-Service (PaaS) solution to banks, has announced that its product can now be delivered on the Amazon Web Services (AWS) cloud. Corezoid’s offering is a process engine for banks to create a digital core. It “allows banks to rethink all of their operations as a set of states and […]
Banking software vendor Mambu has joined forces with a number of accelerators and incubators to launch a new fintech start-up programme. Partners comprise Startupbootcamp FinTech, 500 Startups, Ynext Incubator by Envestnet/Yodlee, Techstars and Citi Accelerator – and those start-ups that are part of these accelerators and incubators are invited to participate in Mambu’s new venture and […]
Eurobank Ergasias has signed a ten-year agreement with Accenture to pursue digital transformation of its subsidiaries in Romania, Bulgaria, Serbia and Ukraine. Accenture will help build a new platform for the bank, dubbed “Intelligent Infrastructure”. It will be based on Accenture’s Infrastructure-as-a-Service (IaaS) offering and will support Eurobank’s core functions, such as loans and deposits, […]
A technical outage of the Amazon Web Services (AWS) cloud this weekend left many customers of Australian banks unable to use cards, ATMs and Eftpos terminals. The banks affected include Westpac, ME Bank and Commonwealth Bank of Australia (CBA). Some also pointed the finger of blame at payment providers such as First Data. Just a […]
Nymbus, a US-based core banking software vendor, has acquired fellow supplier R. C. Olmstead (RCO), to gain a foothold in the Midwest credit union market. RCO comes with 46 customers, all in the low-tier segment. These include Wilkes-Barre City Employees CU, Dover-Phila FCU, McDonald Community FCU, Toledo Metro FCU and Yorkville Community FCU. RCO has […]
India-based IT heavyweight Tech Mahindra is spending £112 million on Target Group, a UK-based business process outsourcing (BPO) and software vendor. Target focuses on the lending, investment and insurance sectors, claiming around 50 financial institutions in the UK as customers. Among them are Yorkshire Building Society, Shawbrook Bank, Central Trust and Masthaven. It also works […]
OakNorth says it has become the “first cloud-based bank” in the UK, eight months after launching. The bank, which provides loans of between £1 million to £15 million to “entrepreneurs and fast-growth” businesses, has been working with Amazon Web Services (AWS) and the UK’s Financial Conduct Authority (FCA) for six months on policies related to […]
BBVA is partnering with Red Hat to speed up innovation and digital banking growth. The agreement, which turns Red Hat into a “priority partner” for BBVA, is part of a series of alliances that BBVA is aiming to forge. Earlier this year, it signed an alliance with Cisco, also allowing it to become a “priority” […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Perception brings to market new core platform UK credit unions, lenders and start-up banks take note. ING adds some zing to start-up ring It’s working with 45 start-ups on banking innovation. Punjab National Bank to modernise enterprise data […]
Royal Bank of Scotland (RBS) is powering its new Open Experience centre with Red Hat technologies, including the Red Hat Mobile Application Platform and OpenShift Enterprise, Red Hat’s web-scale container application platform. Open Experience was launched by RBS in February at its HQ in Edinburgh (UK) to pursue “innovative new technologies for the bank and […]
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
Barclays is providing £1 million in funding to UK-based AccessPay to support its growth and further develop their relationship. Access Systems (trading as AccessPay) provides a cloud-based connectivity layer between a business’s finance systems, their banks and “all of the major” UK and international payment networks such as BACS, Swift, SEPA, Faster Payments and Direct […]
Banque de France and Banco de España are running late with their implementation of a new treasury and capital markets (TCM) system, Banking Technology understands. The two banks jointly opted for a new solution in 2013/14. It is understood that Calypso was chosen to replace a host of legacy technology, including Wallstreet Suite from Wall […]
Tokai Tokyo Securities (Asia) has gone live in Hong Kong with Fidessa’s trading platform as a fully outsourced service. Nishida Tadahiko, director and president of Tokai Tokyo Securities (Asia), says: “We have been using the Fidessa system for years in Japan [where the parent company, Tokai Tokyo Financial Holdings, is located], with full confidence in […]
NCR Corporation (NCR) has signed a strategic alliance agreement with US-based Huntington Technology Finance to provide lease financing for NCR ATMs, including “ATM-as-a-Service” type options, for financial institutions (FIs). The new relationship gives FIs a single, monthly (or quarterly) payment for their NCR equipment, deployment, service, administration and software. Gordon Fraser, remote services management director, […]
Calypso Technology, a provider of treasury and capital markets (TCM) software, and Sernova Financial, a turnkey post-trade services provider, have partnered to deliver cloud-based clearing services. Sernova Financial will use the Calypso platform, which “recreates the shared infrastructure and service elements of a traditional clearing broker”. Charles Marston, executive chairman of Calypso, says: “As capital […]
IBM has launched a new framework for “securely” operating blockchain networks, as well as new services on the IBM Cloud that are designed to meet existing regulatory and security requirements. Working with teams of security experts, cryptographers, hardware experts and researchers, IBM says it has created new cloud services for “tamper-resistant, trusted” blockchain networks. Jerry […]
Swiss software start-up LzLabs is collaborating with Cobol-IT to deliver the world’s “first” software-defined mainframe, designed to move legacy mainframe applications and data to open Linux server and cloud platforms. Cobol-IT will act as an integrated software provider for the solution as it is implemented for LzLabs’ customers across the world. Announced at CeBIT 2016, […]
Misys today is launching Misys FinCloud, a range of cloud solutions and “global cloud environment” for its clients. It is supported by “selected global and local infrastructure providers, systems integrators and solution partners”, including Rackspace and NTT Communications, Misys says. With Misys FinCloud “clients gain faster access to innovation through shorter and more predictable on-boarding […]
Bank of Ireland, one of Ireland’s “big four” banking players, is looking to modernise its legacy software, Banking Technology understands. The bank’s current set-up is outsourced to Accenture, which manages its group technology and change division. The deal was signed in 2014, and around 200 staff transferred to Accenture from Bank of Ireland as a […]
The new e-learning platform will administrate, document, track, report and deliver a broad catalogue of digital courses and social learning. It is an interactive, cloud-based service. To start with, SwiftSmart will support a subset of Swift’s existing training portfolio, which consists of 100+ courses. The full portfolio will be available by 2017. The initiative is […]
The new partnership between private banking software vendor ERI and tech consultancy firm Capgemini will see the launch of a shared services centre for private banks and wealth managers in Europe. ERI will provide its flagship core banking system, Olympic, whilst Capgemini will bring to the table its expertise in infrastructure and application management services […]
Estonia-based Bigbank is modernising its credit decisioning and loan origination processes with Provenir. Provenir’s cloud-based solution will reduce time to market, improve efficiency and customer centricity at the bank, says the vendor. Agur Jõgi, chief technology officer at Bigbank, comments that investment in technology will help the bank to achieve the goals of “delighting customers” […]
Asset management firm Blackrock is trialling Symphony’s new financial messaging app. The app is being tested by part of Blackrock’s workforce and it is “looking to roll it out more widely in the coming months”. Blackrock is a major name to come onboard and the firm has 13,000 employees. However, Symphony has had success before […]
New York-based R3 CEV has finished its trial of five distinct blockchain technologies in parallel in the “first test of its kind”. The trial represented the trading of fixed income assets between 40 of the world’s “largest” banks across the blockchains, using cloud technology providers within R3’s Global Collaborative Lab. The banks, including Barclays, Deutsche […]
Payment firms i2c and TIS have formed a strategic partnership to standardise prepaid payment solutions on the i2c processing platform. Under terms of the multi-year partnership, Japan-based TIS will adopt i2c’s cloud-based platform as its standard for prepaid card processing and expand its use to support credit and debit card payment processing in “key Asian […]
Avaloq Sourcing Switzerland, Avaloq’s business process outsourcing (BPO) subsidiary (previously B-Source), has migrated KBL Switzerland to the BPO platform of Banque Internationale à Luxembourg (BIL Suisse). The BPO solution is based on the vendor’s flagship core banking platform, Avaloq Banking Suite, and the migration took five months. BIL Suisse acquired the Swiss subsidiary of KBL […]
UK-based Genesis Investment Management, a long-standing customer of Simcorp, has implemented the vendor’s client communication and reporting solution, Coric. The system has been deployed on an outsourced basis, hosted on the Microsoft Azure cloud. According to Simcorp, the project was completed in four months. As the result, the client reporting efficiency has improved by more than […]
Over the last few years, technology infrastructures have become increasingly complex and expensive to manage. At the same time, IT budgets have been cut, leading to companies finding it hard to provide and maintain IT infrastructures. Dana Brants, head of services at Swift, looks at what companies can do under the circumstances. Due to costs, […]
Visa Europe is expanding its Visa Europe Payment Tokenisation Service (VEPTS) for cloud-based payments. VEPTS will be available for payment credentials such as banks’ own mobile payment apps, a variety of wearable and other connected devices, internet browser-based wallets, and retailer-specific checkout offerings such as Visa Checkout. Sandra Alzetta, executive director product enablement for Visa […]
Financial information services firm Markit has begun using Amazon Web Services, in a deal the firm says will optimise the performance and scaling capabilities of Markit products and services including enterprise data management, thinkFolio, WSO, indices and processing.
Operational risk and cyber-security concerns are converging as a topic for risk managers, who also face a changing agenda resulting from the digital transformation of baking and financial services.
Despite predictions over the last few years that banks were just a heartbeat away from adopting cloud technology, only 1% of banks are actually running core processing in the cloud today, according to a new report by Temenos.
Financial network BT Radianz has added Volante Technologies’ tools to the BT Radianz Cloud, in a move the two firms say will improve the reliability of clearing, settlement and payment transaction processing while cutting costs.
