OutsourcingRSS

Boston Firefighters CU in tech overhaul with COCC

US flag

Boston Firefighters Credit Union has outsourced its core processing to Connecticut Online Computer Centre (COCC).

Kaiperm Diablo FCU chooses Nymbus core banking system

Acquisitive banking software vendor Nymbus buys fellow supplier SDS.

California-based Kaiperm Diablo Federal Credit Union has selected Nymbus’ SmartCore core banking system as part of its technology revamp. Leslie Chan, chairman, board of directors, Kaiperm Diablo FCU, says: “Only Nymbus was positioned to deliver the technology innovation with the speed, agility and urgency we required.” SmartCore is supplied on a hosted basis, and will […]

Amazon looking to buy Capital One?

Acquisition

Amazon is rumoured to be pondering the acquisition of Capital One. Banking Technology contacted both parties for a comment but received no response.

SCE Federal Credit Union outsources with Jack Henry’s Symitar Ease

Jack Henry

California-based SCE Federal Credit Union has chosen Jack Henry and its Symitar subsidiary’s Ease as an outsourced delivery model of the Episys core processing platform. SCE FCU, a $650 million-asset institution, chose outsourcing to give it “all of the benefits of Episys while alleviating the need to manage on-premise systems or hardware updates”. Dan Rader, […]

Temenos to acquire Australian partner Rubik for $50m

Australia flag

Australia-based banking software and services vendor Rubik Financial is to be taken over by Temenos. The deal is valued at $50 million.

Barclays to overhaul back office ops & set up standalone entity, Barclays Services

Barclays-PLC

Barclays is embarking on a major back office operations overhaul, with the creation of a standalone company, Barclays Services. It will support the operations of the bank’s retail and investment businesses once they are formally separated.

AWS, IBM, Google and Azure dominate cloud revenues

Cloud-market-share

Synergy Research has released its latest findings for the global cloud computing market, painting a worrying picture for any challengers looking to cash in on the craze.

St Stanislaus-St Casimir’s Polish Parishes Credit Union in core banking revamp with Smartsolution’s Universa

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Canada-based St Stanislaus-St Casimir’s Polish Parishes Credit Union (Polcu) will move to a new core banking platform, Universa, supplied by local banking tech vendor Smartsolution.

Wipro takes over Brazil’s banking tech and services provider, InfoServer

Wipro acquires InfoServer

Wipro has acquired InfoServer, a provider of custom application development and software deployment services to banks, financial institutions and insurance companies in Brazil. India’s IT giant paid BRL 27.6 million ($8.7 million) for the deal.

Ohpen sesame says UK’s Financial Conduct Authority

Ohpen

Amsterdam-based banking software vendor Ohpen has gained approval from the UK’s Financial Conduct Authority (FCA) to carry out its regulated activities under its new British company, Ohpen Operations UK. Angelique Schouten, Ohpen UK’s CEO, says the approval means it can “deliver an alternative for financial services companies to digitalise and outsource their entire investments and […]

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