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RBS scraps Williams & Glyn banking platform plans, writes off £345m
Williams & Glyn is no more Royal Bank of Scotland has scrapped its plans to carve out the Williams & Glyn (W&G) subsidiarity – and instead it is likely to be sold to Santander. W&G has...
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Top fintech stories this week – 5 August 2016
“Industry first” money transfers via Facebook Messenger Catch up on Banking Technology’s top five fintech stories of the week – all in one place! RBS scraps Williams & Glyn banking platform plans,...
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Meridian Trust Federal Credit Union swaps in-house core deployment for...
Wyoming-based Meridian Trust FCU has converted to a hosted version of its core processing system, Symitar’s Episys. The credit union originally installed it in 2010 in-house. Symitar (a subsidiary of...
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Suncorp’s core banking software revamp with Oracle FSS nearly completed
Suncorp nears completion of major tech overhaul with Oracle FSS Suncorp’s multi-year venture to modernise its core banking system, known as Project Ignite, is in its final stages. The new platform is...
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Rizal Commercial Banking Corp fined $21m over cybersecurity failings
Cyber criminals used RCBC to channel $81m stolen from Bangladesh Bank The Bangko Sentral ng Pilipinas (BSP), Philippines’ central bank, has issued a PHP 1 billion ($21 million) fine to Rizal Commercial...
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DCI gains nine new iCore360 core banking system takers
More core banking software modernisation in the US Kansas-based banking software developer, Data Centre Inc (DCI), has onboarded nine new clients for its flagship iCore360 core banking system. The new...
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OpenFin joins Symphony Software Foundation to “drive fintech standardisation”
Symphony Software Foundation grows its membership list New York-based OpenFin, a provider of HTML5 runtime technology for the financial industry, has joined Symphony Software Foundation. The...
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New T24 core banking software client for Temenos in Ghana
Sovereign Bank opens for business; Temenos provides tech Ghana-based banking start-up, Sovereign Bank, has implemented Temenos’ T24 core banking system. The project was delivered by a local integrator...
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Lunar Way gets new investor and banking partner, Nykredit
Lunar Way partners with Nykredit; has pan-European aspirations Nykredit, Denmark’s largest mortgage provider, has invested in a minority stake in a new mobile banking service, Lunar Way, and has become...
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Al Hilal Bank’s new CIO looks to collaborate with fintechs
Al Hilal Bank looks to partner with fintechs UAE-based Al Hilal Bank has got a new CIO, Gopi Krishnan. He is calling on fintech CEOs to get in touch “to explore ways to collaborate”. Krishnan moves...
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Misys appoints advisers for £5.5 billion IPO
To sell or not to sell, that is the question… Banking technology vendor Misys – currently residing in the hands of US-based Vista Equity Partners – is understood to be gearing up for an IPO on the...
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Merchant Bank of Sri Lanka in tech overhaul with Fiserv
MBSL in front-to-back office tech overhaul with Fiserv Merchant Bank of Sri Lanka (MBSL) has signed for Fiserv’s Signature back office system and the Teller front-end solution. MBSL has around 100,000...
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Octopus Investments launches Octopus Labs for fintech start-ups
Octopus Investments looking for start-up fintech firms to invest in A UK-based investment firm, Octopus Investments, is looking to onboard fintech start-ups for its 12-week accelerator programme with...
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Temenos and BACB go public on core banking software project
Temenos goes public on core software project at BACB Temenos has officially confirmed it is implementing its software at British Arab Commercial Bank (BACB). As reported by Banking Technology back in...
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CustomerXPs releases real-time intraday liquidity monitoring solution for UAE...
UAE banks must comply with the BCBS 248 regulations by January 2017 Banking analytics vendor CustomerXPs has unveiled its new Clari5 Intraday Liquidity Monitoring Solution. This “real-time, packaged...
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SEB in Norway live with ERI’s Olympic core banking system
First live site for private banking software vendor ERI in Norway Private banking software vendor ERI has completed the implementation of its flagship core system, Olympic, at SEB in Norway. This is...
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Parity Treasury Management System business sold to Eurobase
Parity Treasury Management Software acquired by Eurobase Eurobase International has acquired the Parity Treasury Management Software from Manex Treasury Systems, its flagship product. Parity clients...
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SAB lands first core banking software deal in UAE, with Reem Finance
Core banking system SAB AT gains first taker in the UAE UAE-based Reem Finance has overhauled its core software with French vendor SAB and its flagship core banking system, SAB AT. This is the first...
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Microcred to become fully-fledged bank; Temenos to provide core banking tech
Microcred on major expansion spree; Temenos to provide tech International microfinance entity Microcred plans to become a fully-fledged retail bank and grow its presence from nine to 17 countries by...
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Nordea and DNB to unite banking ops in Baltics
Two Baltic banks to become one Nordea and DNB will bring together their operations in Estonia, Latvia and Lithuania to create a new bank. The two banks say their Baltic operations are “a great match”,...
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