Ireland


Bank of Ireland’s new CEO reviews tech revamp

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 […]

Five steps, five minutes, €5 – KBC launches new mobile app for current accounts

KBC Bank Ireland has unveiled a new mobile app that allows customers to open, activate and use their bank account “at any time, within just five minutes”. The bank says this is “completely unique to the Irish market” and the app’s official launch follows months of development and testing with consumers. The app is available […]

Irish Stock Exchange goes live on Deutsche Börse’s T7 trading tech

The Irish Stock Exchange (ISE) has implemented Deutsche Börse’s new T7 trading platform for the Irish equity market. According to Deutsche Börse, this new platform reduces cost for international trading firms to connect and trade equities on the ISE, due to lower development and maintenance costs for firms, which are active on T7 across multiple […]

Three clear winners clinch Citi integrity challenge

Citi has revealed the three winners from its Tech for Integrity Challenge (T4I) Demo Day in Dublin – all part of its plan to promote integrity, accountability and transparency in the public sector and beyond. Fintech developers from eight countries presented their working prototypes; and the “award recipients” from the Demo Day included: T4I Award […]

Allied Irish Banks hit with €2.3m fine for AML fails

Allied Irish Banks (AIB) has been fined €2.3 million by Ireland’s central bank for compliance failures over anti-money laundering (AML) and terrorist financing laws. AIB was reprimanded for six breaches of the law – which occurred between July 2010 and July 2014. It has admitted to these breaches. The central bank says AIB failed to […]

Deloitte opens blockchain lab in Dublin

Deloitte has launched its new EMEA blockchain lab at Whitaker Court in Dublin’s “Silicon Docks” district in the Republic of Ireland. The new lab follows Deloitte’s recent lab launch in New York. At that time, Eric Piscini, principal with Deloitte Consulting, said 2017 could be its “make-or-break year” for blockchain. The Dublin-based blockchain team will […]

AIB looks to modernise digital banking tech

Allied Irish Banks (AIB) is believed to be in the market for new digital banking software. Banking Technology understands a number of vendors have done their demos for the bank, Infosys with its Finacle digital banking platform among them.

Bank of Ireland ponders major IT overhaul

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 […]

Allied Irish Banks to modernise payments software with Dovetail

Allied Irish Banks (AIB) is set to modernise its payments platform. The bank has recently concluded a system selection to that effect. The new supplier is Dovetail, Banking Technology understands. The new payments hub will support high-value, low-volume payments as well as high-volume, low-value ones. Dovetail’s solution will replace the Global PayPlus (GPP) legacy platform […]

Infosys sets up in Dublin following AIB services deal

Financial systems vendor Infosys is setting aside $10 million for Irish start-ups in the wake of being selected as a strategic partner by the Allied Irish Banks financial services group. Infosys will also set up a facility in Dublin to house up to 200 staff, including some transferring from AIB.