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 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).

Case study: Credit Suisse and SmartStream – fees and expense management

Click on the image to read the full case study

How a vendor’s acquisition of a big bank’s platform has led to the development of a utility. Credit Suisse talks about its fees and expense management transformation journey.

Top fintech stories this week – 17 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Putnam-Greene Financial Corporation in tech modernisation with Fiserv

Fintech in the US: where is regulation headed?

Putnam-Greene Financial Corporation, a $510 million holding company of four banks in Georgia, US, is modernising its front-to-back office software with Fiserv.

Bank Yahav live with TCS Bancs core banking platform: “the world’s most complex IT project”

First core banking site for TCS in Israel

Israel-based Bank Yahav has gone live with a new core banking platform, Bancs, supplied by TCS Financial Solutions. The “pure Java-based” solution is provided on a hosted basis.

SBI Holdings, Unicredit and Bertelsmann invest in SolarisBank

Solaris Bank

Berlin-based fintech SolarisBank has raised €26.3 million from Japanese financial group SBI Holdings, German media company Bertelsmann, Italian banking group Unicredit, plus other investors.

Lloyds in £1.3bn tech outsourcing deal with IBM

Lloyds tech gallops offshore

UK-based banking group Lloyds is to outsource its tech to IBM in a seven-year deal worth £1.3 billion. More than 1,900 jobs will be shifted to IBM and £760 million of costs will be cut as a result.

DSK Bank moves core and digital banking ops to IBM Cloud

SAP is targeting tier one, two and three banks with its cloud financial solutions

DSK Bank, Bulgaria’s largest bank and a member of the OTP banking group, has completed the migration of its banking operations to IBM’s data centres.