Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Amlak in core banking software overhaul with Temenos and NDC EXCLUSIVE. T24 will replace Silverlake Axis’ SIBS. Temenos MarketPlace gets boost with new services and leadership Targets open banking and PSD2 services. Trio tussle to win Payments Canada’s […]
Banking software vendor Temenos has reported a strong start to 2017 with total software licensing revenues up 19% – and it takes a swipe at rival Avaloq in the process. In its Q1 2017 financial results, its non-IFRS total revenues were $142.7 million compared to $129.4 million for the same period last year. Non-IFRS EBIT […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Mastercard gets approval to buy VocaLink for $920m Deal expected to close in coming weeks. Bank of England implicated in Libor rigging by secret recording Well, it was secret. FIS sheds Ambit Private Banking business FIS inherited it […]
FIS has sold its Swiss core banking software business, Ambit Private Banking, which it inherited with the acquisition of Sungard, to New Access Banking Software.
Finantix, a specialist provider of sales and advisory software to financial institutions, is implementing its digital suite at Rothschild Bank.
Axion Swiss Bank has fully replaced its legacy tech – ERI’s Olympic core banking system – with Avaloq Banking Suite.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
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.
Private banking and wealth management transformation programmes don’t need to be too risky, lengthy or costly!
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.
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 […]
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
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 […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
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 in Gibraltar is live with new core banking software, Temenos’ T24. The system is delivered on Microsoft Azure cloud.
Look back at some of the major core banking software projects in 2016, with Banking Technology’s top ten.
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), 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, 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.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Avaloq is rumoured to be talking to private equity (PE) firms. Suitors reportedly include New York-based KKR.
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, a UK-based investment, tax and accountancy services firm, is looking for a core processing system, Banking Technology understands.
UK-based Weatherbys Bank is live with a new core banking system, Oracle FSS’s Flexcube, Banking Technology understands. The project started in 2015.
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 […]
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.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
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’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 […]
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, 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.
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 […]
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 […]
“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 […]
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 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 […]
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, […]
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, […]
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 […]
