Top fintech stories this week – 24 March 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Private Banking
New Avaloq go-live for BT Financial Group
Australia-based BT Financial Group, a wealth management subsidiary of Westpac, has added new functionality – superannuation administration – to its core banking platform, supplied by Avaloq.
White paper: accelerating digital wealth management
Private banking and wealth management transformation programmes don’t need to be too risky, lengthy or costly!
Credit Suisse makes headway in digital space in Asia
Credit Suisse has launched two solutions in the digital space to keep up with consumer expectations: digital client on boarding for private banking and automated account aggregation and reporting.
Go-lives power Avaloq revenue rise
Avaloq has reported increases in its revenue and earnings for the 2016 fiscal year – with three new customers and 28 go-live projects completed. The Swiss firm generated full year revenues of CHF 533 million ($530 million) in 2016, an increase of 10% on a reported basis from CHF 485 million ($482 million) in the […]
Banking Technology February 2017 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
DeVere Group launches private bank
Financial adviser firm DeVere Group has unveiled its own private bank, DeVere Group Bank St Lucia. The company says the launch “has been facilitated” by the acquisition of St Lucia-based Arton Bank for an undisclosed sum. Arton Bank was set up and licensed in 2014 under the Offshore Banking Act 1996. Founder and CEO of […]
Top fintech stories this week – 20 January 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
BNP Paribas Wealth Management goes for digital client experience and “pizza” teams
BNP Paribas Wealth Management has unveiled its new Client Experience venture co-created with customers and fintech firms. The initiative focuses on digital solutions as the bank is keen to “create a new wealth management experience”.
Turicum Private Bank swaps ERI’s Olympic for Temenos’ T24 core banking system
Turicum Private Bank in Gibraltar is live with new core banking software, Temenos’ T24. The system is delivered on Microsoft Azure cloud.
Top ten core banking software projects in 2016
Look back at some of the major core banking software projects in 2016, with Banking Technology’s top ten.
Top ten fintech events in 2016
Look back at some of the major fintech events in 2016, with Banking Technology’s top ten! Sibos 2016: markets still in “Dante’s circles of hell” It’s the big one. And this is just one snippet from our extensive coverage of Sibos in Geneva. We also produced videos, published Daily News at Sibos, had fun with […]
Arab Bank Switzerland ditches FIS/Sungard core system for Avaloq BPO
Arab Bank (Switzerland), a private bank in Geneva, has signed a long-term deal with Avaloq for the vendor’s complete business process outsourcing (BPO) services.
Cater Allen Private Bank “continues to work constructively” with Temenos
Cater Allen, a London-based private bank and a subsidiary of Santander, has completed “the discovery phase” of the project with Temenos to overhaul its core banking software.
Top fintech stories this week – 2 December 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Avaloq in talks with private equity firms?
Avaloq is rumoured to be talking to private equity (PE) firms. Suitors reportedly include New York-based KKR.
FNZ to build new BPO centre for Kleinwort Benson, SG Hambros and Société Générale’s private banking business
FNZ, an investment management software specialist, is working on a major technology revamp at the UK-based private bank and wealth manager Kleinwort Benson, Banking Technology understands.
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.
Weatherbys Bank live with new core banking system, Oracle FSS’s Flexcube
UK-based Weatherbys Bank is live with a new core banking system, Oracle FSS’s Flexcube, Banking Technology understands. The project started in 2015.
Top fintech stories this week – 28 October 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! HSBC Private Bank live with Avaloq Banking Suite EXCLUSIVE. It’s on in Switzerland and Luxembourg. European Association for Biometrics conference Eyes down for our event review. New challenger bank to launch in UK Hampshire Community Bank wants a […]
HSBC Private Bank live with new core banking system, Avaloq Banking Suite
Global giant HSBC has deployed Avaloq’s flagship core banking solution, Avaloq Banking Suite, for its private banking operations. The system is now live in Switzerland and Luxembourg.
Top fintech stories this week – 7 October 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Avaloq locks on innovation with developer portal launch
Innovation gets more adoration as Avaloq is opening up to developers with a new portal activation. It says freelancers, start-ups, fintechs and banks will be able to innovate jointly using a dedicated online portal. Through this site, the developer community can commercialise technologies and share results within the community and the “entire Avaloq community”, which […]
Avaloq core banking implementation at BHF-Bank put on hold
Avaloq’s implementation of its Avaloq Banking Suite at BHF-Bank in Germany has been put on hold due to differences in the interpretation of the contract. Avaloq tells Banking Technology that it is “not due to technical reasons” and it “continues to engage in conversations” with the bank. Philippe Oddo, chairman of BHF-Bank, adds that he […]
apoBank evaluates Avaloq Banking Suite
Germany-based Deutsche Apotheker-und Ärztebank (apoBank) is considering the implementation of Avaloq’s flagship core banking system. The two parties have signed a contract to “analyse and elaborate how far the execution of the apoBank IT strategy can be based on the Avaloq Banking Suite”, Avaloq says. The bank – which primarily focuses on servicing the healthcare […]
Axion Swiss Bank to replace legacy tech with Avaloq Banking Suite
Axion Swiss Bank, a private bank focusing on asset management and consultancy, is migrating its technology to Avaloq’s BPO centre, Avaloq Sourcing Switzerland. On the way out is ERI’s Olympic core banking system.
Avaloq Community Conference 2016: Lego of the past for fintech innovation
Lessons learned from Lego’s business renaissance could be the way of the future for fintech innovation. At yesterday’s (7 September 2016) Avaloq Community Conference at the Seminarhotel Bocken in Horgen, Switzerland, the private banking software specialist held an open day as it looks to the future. Our first report included an exclusive interview with CEO […]
Banking Technology Awards 2016 – shortlist unveiled
Our rejuvenated Banking Technology Awards have received an unprecedented amount of entries this year – from banks, financial institutions, fintech firms and individuals worldwide – and we are happy to reveal the shortlisted candidates. Now in their 17th year, Banking Technology Awards recognise and reward excellence and innovation in the use of IT in financial […]
Avaloq in tune as iTunes for finserv
“We can be the iTunes for finserv,” was one of the messages from Avaloq CEO Francisco Fernandez on company strategy and software functionality. This morning at today’s (7 September 2016) Avaloq Community Conference at the Seminarhotel Bocken in Horgen, Switzerland, the private banking software specialist is holding an open day as it looks to the […]
Barclays Wealth enlists Tech Mahindra for tech modernisation
Tech Mahindra and its specialist banking IT consultancy and integration subsidiary, Sofgen, have been recruited by Barclays Wealth for its tech modernisation initiative. Barclays has been rolling out a new core banking platform – Avaloq Banking Suite – for a number of years, as well as a new front-office investment management platform, Charles River’s IMS. […]
Hinduja Bank replaces ERI’s Olympic core system with Avaloq Banking Suite
Hinduja Bank in Switzerland has moved to a new core banking system, supplied by Avaloq, Banking Technology understands. Avaloq Banking Suite replaced the legacy Olympic system from rival vendor ERI. Avaloq declined to comment on the story. Hinduja Bank – part of an India-based conglomerate, Hinduja Group – was set up in the late 1970s […]
SEB in Norway live with ERI’s Olympic core banking system
Private banking software vendor ERI has completed the implementation of its flagship core system, Olympic, at SEB in Norway. This is the vendor’s first site in the country. Olympic manages SEB’s onshore private banking business and associated transaction processing for Norway. The project commenced in 2013. SEB – already a long-standing Olympic user in Luxembourg, […]
Cidel Bank implementing ERI’S Olympic core banking system
Canada-based Cidel Bank & Trust is implementing ERI’s flagship Olympic core banking system. Banking Technology understands that the deal was inked at the start of 2016. The implementation has already begun, and will equip the Cidel group with portfolio management and reporting tools, an automated transaction processing capability and an omni-channel client service architecture. Craig Rimer, […]
Top fintech stories this week – 8 July 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Brexit: keep calm and carry on We assemble a panel of fintech and law specialists to discuss – with cool heads – the challenges and opportunities. Blockchain and Bitcoin round-up A round-up of key developments to save you […]
The digitisation of private banking in Italy
The financial institutions have adjusted their service and relationship models by integrating digital interaction and communication tools for private banking customers, writes Alberto Cuccu, chief product officer at Objectway. In Italy, the digitisation of banking services has for many years been focused primarily on propositions aimed at retail customers (such as payment services or home […]
Banque Privée Edmond de Rothschild to standardise core ops on Avaloq Banking Suite
Banque Privée Edmond de Rothschild (EDR) is implementing a new core banking solution, Avaloq Banking Suite. It will be provided on a hosted basis by Avaloq, supporting EDR’s operations in Switzerland, Luxembourg and Monaco. Banking Technology understands that the contract was signed at the end of last year. EDR specialises in private banking and asset […]
Deutsche Börse to provide IT infrastructure for German private bank
Deutsche Börse is to provide the IT infrastructure for German private bank Donner & Reuschel, and will assume administration and hosting for its data centres. In addition to connecting to its own trading platforms, Eurex and Xetra, network connectivity will also be extended to bank end users and additional third-party providers. “Deutsche Börse provides our […]
Australian wealth manager Crestone live with Avaloq Banking Suite
Crestone, a wealth management business created out of UBS Wealth Management Australia, is now open for business, underpinned by Avaloq’s flagship core banking system. Avaloq Banking Suite supports front-to-back office operations of Crestone, multi-asset and multi-currency. Peter Scott, the vendor’s GM for Asia Pacific, says that Crestone was among the first users to apply Avaloq Banking […]
Avaloq has a breakthrough in Austria with two new core banking software clients
Private banking software vendor Avaloq is to gain two sites in Austria for its flagship core banking system, Avaloq Banking Suite. These are at the Austrian operations of LGT and Liechtensteinische Landesbank (LLB). Both banking groups originate from Liechtenstein and both are long-standing users of Avaloq Banking Suite at home and Switzerland. LGT also runs […]
Cater Allen Private Bank in major tech overhaul with Temenos
Cater Allen, a London-based private bank and a subsidiary of Santander, is undergoing a major technology overhaul. The bank is going to implement a new core banking system, Temenos’ T24, Banking Technology understands. It is now looking to recruit T24 specialists and project managers to help it with system customisation and implementation, and migration from […]
