OutsourcingRSS

Symitar edges to new record with six credit union clients

Symitar 1

Jack Henry’s subsidiary Symitar has set a new record with the addition of six new US credit unions to its Episys core processing system in one fiscal year. All of these credit unions have more than $1 billion in assets and Symitar says getting six new relationships in one fiscal year breaks its previous record […]

USAmeriBank in “next generation” payment hub move

Can you guess what country is this bank in?

USAmeriBank (formerly Aliant Bank), a $3.8 billion bank operating in the US states of Alabama and Florida, is building a new payments hub for its domestic and international wire transfers.

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).

Aegon is Ohpen to savings and investment tech overhaul

Ohpen

Financial services provider Aegon is partnering with core banking engine provider Ohpen to develop a new platform for its Dutch services. The platform will be used for the administration and distribution of its savings, pension and investment products. The firms say they are merging their domain knowledge within pensions and technology. Aegon will plug into […]

Valley National Bank takes commercial lending to the cloud

The Clearing House and VocaLink plan to bring real time payments to the US

Valley National Bank, a $23 billion financial institution in New Jersey, is implementing nCino’s Bank Operating System for commercial lending.

Axion Swiss Bank live with Avaloq Banking Suite

Lugano, home of Axion Swiss Bank

Axion Swiss Bank has fully replaced its legacy tech – ERI’s Olympic core banking system – with Avaloq Banking Suite.

Fiserv brings the max to PyraMax tech overhaul

Fiserv's Precision core banking system gains new taker

Wisconsin-based mutual savings bank PyraMax has chosen Fiserv to modernise its retail banking operations. The bank will move to the DNA account processing platform and add integrated mobile, online and branch banking solutions, including palm-vein biometric authentication. The software will be supplied on an outsourced basis, from a Fiserv data centre. Richard Hurd, CEO and president, […]

Symitar Ease hosted core platform gains two new takers

Two US credit unions outsource core processing to Symitar

VA Desert Pacific Federal Credit Union and East Idaho Credit Union have entrusted their core processing operations to Symitar Ease, supplied by Jack Henry’s subsidiary Symitar.

IBM Cloud comes to China

Wanda Plaza, Beijing

Wanda Internet Technology and IBM have signed an agreement for the former to enter the public cloud business in China. This will be done via a new firm – Wanda Cloud Company – built on the IBM Cloud Platform.

Oracle earnings look promising, but why the IaaS obsession?

Oracle

Oracle has had another positive quarter as it navigates the complicated waters of business transformation, but it’s still a long way from kicking Infrastructure-as-a-Service (IaaS).

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