Crane Bank, a failed bank in Uganda, spent millions of dollars on IT services and software that was never supplied, according to a report by PricewaterhouseCoopers (PwC) into the bank’s mismanagement.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Jim Kisch, president and CEO of Passumpsic Savings Bank, a community bank operating in the US states of Vermont and New Hampshire, is calling on the banking industry to support its request to core banking software vendors.
This year’s Banking Technology Awards will be taking place on 13 December in London and once again we will be celebrating people that make things happen! The Leadership Awards will recognise individuals and teams that made a considerable contribution to our industry. What are the categories you can nominate in? Woman in Technology (W.I.T.) Award, in partnership with FemTechGlobal, will […]
Two small credit unions in the US state of Connecticut – East Hartford Federal Credit Union and America’s First Network Credit Union – have implemented a centralised core banking platform as part of their merger.
PayU Colombia has become the first payments services provider globally to implement Mambu’s Software-as-a-Service (SaaS) based core banking solution. It will support PayU’s new short-term deferred payment product.
Two US banks, CBI Bank and F&M Bank, have implemented Jack Henry’s Silverlake core banking system. The banks’ parent, Central Bancshares Inc (CBI), initiated the project.
Cantilan Bank is set to become “the first bank in the Philippines to use cloud-based core banking technology in its operations”.
Sofgen, a Switzerland-based IT consultant and integrator in the financial services and banking space, is undergoing major organisational restructuring. As a result, it will be completely absorbed into its parent, Tech Mahindra, Banking Technology understands.
US-based core banking software vendor Corelation has inked a deal with its largest customer to date, Pennsylvania State Employees Credit Union (PSECU). The credit union will replace its legacy Symitar core processing platform with Corelation’s Keystone.
UK-based Private & Commercial Finance Group (PCFG) has had its banking licence restrictions lifted. It has gone live with a new core banking system, Temenos’ T24, a front-end digital platform from Sandstone Technology and the ICS lease and loan administration solution from Sopra Banking Software.
Berner Kantonalbank (Banque Cantonale de Berne or BEKB/BCBE), one of the last users of the IBIS3G core banking system, is pondering the system’s future as the contract with system provider is terminated.
State Bank of Vietnam (SVB), the country’s central bank, is live with new core banking system, Temenos’ T24. The bank has also implemented Oracle ERP (accounting and budgeting) and Tibco’s middleware.
India has seen the launch of its fourth payments bank, Fino Payments Bank. For its core banking system, the bank uses Profile from FIS, delivered on a hosted basis.
New Zealand-based Heartland Bank has gone live with its new core banking system, Oracle FSS’s Flexcube.
Banking software vendor Temenos is retaining momentum with software licensing revenues rising yet again. In its Q2 2017 results, it reported total software licensing revenues of 22% year-on-year. For the previous quarter, these figures stood at a respectable 19%. The Q1 results were notable as Temenos CEO David Arnott (answering a question from an analyst) […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Inlaks, a banking software provider in Nigeria and West Africa, has built a core banking solution together with the Central Bank of Nigeria (CBN) for the country’s microfinance sector.
Utah-based Zions Bancorporation has gone live on TCS Financial Solutions’ Bancs core system with the transition of its consumer lending business over to the platform. The core transformation program, titled “FutureCore”, is divided into phases and consumer lending for the seven affiliate banks is the first phase to go live, with other phases to follow. […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Aktia Bank finally live with Temenos T24 core banking system “Some system repairs will be carried out during the following weeks.” HSBC and Barclays pilot banking without borders Testing use of a citizen’s national digital identity. ANZ, Westpac […]
Junction National Bank (JNB) in the US state of Texas has signed to replace its legacy core banking software with iCore360 from Data Centre Inc (DCI). On the way out is the solution provided by Sharp BancSystems (SBS), now owned by Nymbus.
Oman Arab Bank (OAB), a long-standing customer of Finastra (formerly Misys), is implementing the Fusionbanking Essence core banking system. It will replace Misys’ Equation platform, in operation at the bank for over three decades.
Finland-based Aktia Bank has completed “the full-scale implementation” of its new core banking system, Temenos’ T24.
New Zealand-based Kiwibank is progressing with its SAP core banking system overhaul but the project is running behind schedule and the costs are on the rise.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Wellspring Credit Union, a $48 million entity in the US state of Texas, has gone live with a new core processing system supplied by Utah-based tech developer FLEX.
Set sail for fintech! The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
This year’s Banking Technology Awards are taking place on 13 December in London and there are plenty of reasons why you and your team should be a part of this prestigious event. Besides having a good chance at winning, entering the Awards also allows you to: Make global headlines in the industry if your entry […]
Aw shucks, even more firms are getting big bucks. Following on from yesterday (4 July), here is another fintech funding round-up. Features Ohpen, MarketInvoice and Huddle Capital. Cloud-based core banking provider Ohpen has secured a €15 million Series B investment round led by private equity firm Amerborgh. The current investment round values Ohpen at €100 […]
Myanmar-based Co-operative Bank (CB Bank) is planning an upgrade of its core banking system, Temenos’ T24, and is looking for a Temenos partner to assist it with the project.
Ethiopia-based Oromia International Bank (OIB) has opted for the ICS Banks core banking system, supplied by ICS Financial Systems (ICSFS), to underpin OIB’s Islamic banking operations.
Alfa-Bank, a top ten bank in Russia by assets and profit, has purchased the source code of its core banking system, Misys Equation. The solution is provided by Finastra (formerly Misys).
Granger National Bank (GNB) in the US state of Texas has found a replacement for its legacy Tinisys core banking system, which is being sunsetted by provider Temenos/Trinovus.
A new microfinance entity in Myanmar, Ruby Hill Microfinance, has signed for the Abacus core banking system, provided by Fern Software.
SnoCope CU, a small credit union in the US state of Washington, is revamping its core processing technology with CUProdigy. The new cloud-based platform will replace Fiserv’s Galaxy solution.
Israel’s Bank Leumi has launched its new digital banking subsidiary, Pepper.
Greater Wyoming Federal Credit Union has ditched its incumbent core software provider for Fiserv. The credit union has implemented Fiserv’s Portico core processing and digital banking system on a hosted basis.
EBank, a new bank in Namibia, has implemented Fiorano ESB, an enterprise service bus to “seamlessly integrate” the bank’s core processing software – Temenos T24 – with other third-party systems and channels, with a major focus on digital banking.
Texas-based Lone Star Credit Union has become the 50th live site for the Keystone core processing system, supplied by Corelation.
This year’s Banking Technology Awards are taking place on 13 December in London and once again we will be recognising individuals for leading and playing an instrumental role in devising and/or delivering the technology strategy to support the key business objectives of an organisation. The Tech Leadership Award category is open to all industry participants worldwide – those […]
