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system selection
Finca Impact Finance Tajikistan in new core banking system search
Finca Impact Finance Tajikistan looks to replace Oracle FSS’s Flexcube with new tech.
India’s central bank shortlists five vendors for data project
The Reserve Bank of India (RBI) keen to harness the power of big data.
Invitation for tender: bank & non-bank institutions supervision BI/DW in Iran
Informatics Services Corporation (ISC) invites bidders.
Openbank goes for Temenos T24 core banking system
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.
Zarai Taraqiati Bank in new core banking system search
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.
Banif Bank Malta in business, ops and tech shake-up
Malta-based Banif Bank is harbouring ambitious growth plans and is looking to modernise its technology enterprise-wide, front-to-back office as a key part of this strategy.
Openbank step closer to new core banking system decision
EXCLUSIVE: Openbank, a digital bank in Spain (and part of Santander) is believed to be in the concluding stages of its core banking system selection.
IOB Singapore looks for new regtech system and vendor
IOB Singapore, a subsidiary of Indian Overseas Bank, is looking to modernise its regulatory reporting tech.
VEB issues core banking system tender
Russia-based Bank for Development and Foreign Economic Affairs (VEB), a state-owned development bank, has issued a tender for new core banking software.
Coventry Building Society in technology overhaul, looks for new core banking system
UK-based Coventry Building Society is believed to have embarked on a tech modernisation project and is looking for a new core system.
Mahesh Bank searches for new core banking system
India-based A.P. Mahesh Co-operative Urban Bank is looking to upgrade or replace its legacy core software technology provided by domestic vendor Infrasoft Technologies.
Smith & Williamson in system selection mode
Smith & Williamson, a UK-based investment, tax and accountancy services firm, is looking for a core processing system, Banking Technology understands.
ISC invites bids for Iranian card management system implementation
Tehran-based Informatics Services Corporation (ISC) is inviting bids for the installation and implementation of an international card payment switch in Iran. ISC says it is considering the procurement of a national merchant management system, card management system, ACS (access control server) and FRM (fraud / risk management) to manage international card payments’ usage within Iran’s […]
Core banking system & consultant selection at NRS Sacco in Kenya
A savings and credit co-operative society in Kenya, NRS Sacco, is looking to renovate its core software, and has issued a call for a new software provider. It is also looking to procure consultancy services to help it with system selection.
Discovery in core banking system selection mode for new bank
One of South Africa’s largest health insurers, Discovery, is a step closer to selecting a core banking system for its new bank, Banking Technology understands. Discovery went public on its plans to launch a brand new full-service retail bank in South Africa last year. As part of this ambition, it acquired the majority stake in […]
Project Sentinel completes MiFID II technology specification, embarks on vendor search
Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has completed the detailed business requirements that meet MiFID II regulatory obligations. The project is now focused on finding the right vendors to deliver the solution. “Once the vendor assessment is complete, […]
Virgin Money UK in new banking software search
Virgin Money UK, a financial services brainchild of Richard Branson, is understood to be looking for new core and digital channels banking software. Virgin Money’s underlying technology in the UK stems from a number of acquisitions, including a small outsource firm, Intelligent Managed Services (IMS), in 2010, and a larger, well-established bank, Northern Rock, in 2012 (the […]
Puan Sacco Society issues banking tech RFP
A savings and credit co-operative society (Sacco) in Kenya, Puan Sacco Society, has issued an RFP for new banking solutions. The Sacco is looking for core banking, SMS banking and mobile lending software, and a payroll management system. Provision of point-to-point connectivity services and office internet services, plus hardware maintenance are also included in the […]
Copedu searches for new core banking system and consultant
Co-operative of Savings and Credit Duterimbere (Copedu), a non-profit finance organisation in Rwanda, is looking for a consultant to help it select and implement new core banking software. The consultant will be working with Copedu’s technology department and assist the project manager and the company’s senior executives for best practices in project management. From the project […]
Development Bank of Nigeria plans core banking software revamp
The Development Bank of Nigeria (DBN) is planning a core banking system implementation and the bidding process is open. As part of the bank’s ambition, the Federal Government of Nigeria (FGN) is inviting vendors to bid for the supply and installation of core banking software and related infrastructure. FGN has received a loan from International Bank […]
European Central Bank goes to tender for new treasury management system
The European Central Bank (ECB) has officially launched a procurement tender for a new treasury management system (TMS). The ECB’s current TMS platform is Wallstreet Suite, supplied by Wall Street Systems (now part of Ion Trading). The bank has been using it for many years, Banking Technology understands. According to the ECB, its TMS supports […]
Bank Hapoalim searches for new core banking system
Israel’s largest bank, Bank Hapoalim, is believed to be in system selection mode. The bank is looking for a new core banking system, Banking Technology understands. It is believed that Temenos with its T24 offering, SAP with SAP for Banking and TCS Financial Solution with Bancs are among the contenders. TCS has recently made inroads […]
Nedbank step closer to new core banking system decision
Nedbank is getting closer to selecting a new core banking system, Banking Technology understands. The South African heavyweight has been in system selection mode since last year – looking to modernise its domestic banking operations. It is currently running a number of in-house and third party solutions, including CSC’s Hogan. The renovation project is estimated […]
Indian Bank in search of new BPM and middleware systems
Chennai-based Indian Bank has issued expressions of interest (EOI) for a new business process management (BPM) system and new middleware. The EOI for middleware closed on 5th May, whilst the closing date for BPM submissions is 14th May 2016. The bank will then proceed to the request for proposal (RFP) stages for both solutions. Indian […]
Federal Bank in treasury management software overhaul, looks to replace Intellect
Federal Bank in India is looking to replace its legacy treasury system, supplied by Intellect Design Arena. It issued a request for proposal (RFP) for procurement and migration of treasury management. The bank currently runs its treasury operations from its Mumbai office, and is active in domestic, FX and derivative sectors. Since 2009, these have […]
PCFG makes core and digital banking systems selection; still awaits banking licence
UK-based specialist financing company, Private & Commercial Finance Group (PCFG), has concluded its software selection, Banking Technology understands. The company applied for a banking licence in 2013/14 and was known to be in system selection mode in mid-2014. The selection process was run by consultancy firm Sofgen. Banking Technology understands that it has now finalised […]
New core banking system selection in the Netherlands
Amsterdam Trade Bank (ATB), a European subsidiary of Russia’s Alfa Group, is looking for a new core banking system, Banking Technology understands. The bank is a long-standing user of Misys’ software, including Equation for core processing, Trade Innovation (TI) for trade finance, and Opics for treasury and capital markets. In 2010, Misys announced ATB’s successful […]
Top fintech stories this week – 8 April
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Money 20/20 Europe: Biometric identity, SMEs and final day’s sessions round-up Key highlights, what went well and what could be improved. Money 20/20 Europe: KYC/ID, commerce disruption and femtech round-up Valid points raised, key issues discussed. A must […]
New system selection for building society in the UK
Cardiff-based Principality Building Society is a step closer to selecting a new core processing system, Banking Technology understands. Principality’s current provider is Unisys Financial Services System (UFSS). It is understood that the building society has considered an upgrade of UFSS but decided against it. It is now evaluating offerings from a number of system suppliers. […]
