MergersRSS

MyState in core banking system consolidation

MyState in digital banking transformation

Australia-based MyState Bank has moved onto a single core banking platform, replacing two separate installations. The solution is understood to be TCS Bancs from TCS Financial Solutions.

LeasePlan in enterprise-wide tech overhaul with SAP and HCL

LeasePlan puts tech trust in SAP

LeasePlan, one of the world’s largest fleet management specialists, is undertaking an enterprise-wide technology overhaul with SAP.

IBM deal puts final nail in the Verizon enterprise cloud coffin

cloudhead-70x70

It’s been expected for a while, but Verizon’s sale to IBM confirms the giant has officially given up on the cloud.

Maryland credit union duo merge on FLEX core tech

FLEX core tech flexes muscles in Maryland

Two small credit unions in the US state of Maryland, Perry Point Federal Credit Union and Central Credit Union of Maryland (CCUMD) have merged.

HelloPay merges with Ant Financial for AliPay boost

ant financial

HelloPay Group, which runs the HelloPay payment platform and online shopping and selling site Lazada, has merged with China’s Ant Financial. Ant Financial, part of Jack Ma’s Alibaba Group, runs Alipay and so HelloPay has now been rebranded as Alipay Singapore, Alipay Malaysia, Alipay Indonesia and Alipay Philippines in its respective markets. Douglas Feagin, SVP […]

Simple’s move to new bank API leaves some customers stranded

Simple

Simple, a US-based digital banking service founded in 2009, has discovered that moving accounts to its parent bank’s application programming interface (API) is not that simple.

Ant Financial wins MoneyGram board approval after upping bid to $1.2bn

MoneyGram

China’s Ant Financial Services Group appears to have beat back a surprise challenge by Euronet Worldwide to acquire MoneyGram. After raising its offer for the money transfer giant by more than one-third, to $1.2 billion, Ant Financial’s bid has earned the approval of MoneyGram’s board of directors.

Southern Hills Community Bank and Ripley Federal Savings Bank to unite on COCC core banking tech

US flag

Two small banks in the US state of Ohio, Southern Hills Community Bank and Ripley Federal Savings Bank, are to merge. The consolidated entity (with the assets of $150 million) will outsource its core processing operations to Connecticut Online Computer Centre (COCC).

FIS sheds Ambit Private Banking core software business

UBS and StatPro agree acquisition deal

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.

StatPro to acquire risk and performance analytics business from UBS

UBS and StatPro agree acquisition deal

UBS is selling its risk and performance analytics service, UBS Delta, to StatPro Group, a provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry.

@banking
techno