Mambu launches fintech start-up programme


Banking software vendor Mambu has joined forces with a number of accelerators and incubators to launch a new fintech start-up programme. Partners comprise Startupbootcamp FinTech, 500 Startups, Ynext Incubator by Envestnet/Yodlee, Techstars and Citi Accelerator – and those start-ups that are part of these accelerators and incubators are invited to participate in Mambu’s new venture and […]

Eurobank in digital banking overhaul with Accenture

Eurobank embarks on digital transformation

Eurobank Ergasias has signed a ten-year agreement with Accenture to pursue digital transformation of its subsidiaries in Romania, Bulgaria, Serbia and Ukraine. Accenture will help build a new platform for the bank, dubbed “Intelligent Infrastructure”. It will be based on Accenture’s Infrastructure-as-a-Service (IaaS) offering and will support Eurobank’s core functions, such as loans and deposits, […]

Core banking software developer Nymbus acquires fellow vendor RCO

The Rebel Alliance

Nymbus, a US-based core banking software vendor, has acquired fellow supplier R. C. Olmstead (RCO), to gain a foothold in the Midwest credit union market. RCO comes with 46 customers, all in the low-tier segment. These include Wilkes-Barre City Employees CU, Dover-Phila FCU, McDonald Community FCU, Toledo Metro FCU and Yorkville Community FCU. RCO has […]

UK BPO and fintech provider Target Group acquired by Tech Mahindra

Nomura and Simcorp extend partnership

India-based IT heavyweight Tech Mahindra is spending £112 million on Target Group, a UK-based business process outsourcing (BPO) and software vendor. Target focuses on the lending, investment and insurance sectors, claiming around 50 financial institutions in the UK as customers. Among them are Yorkshire Building Society, Shawbrook Bank, Central Trust and Masthaven. It also works […]

Banking Technology May 2016 issue out now

Banking Technology May 2016 edition out now! Click here

The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary. So what have caught our editor’s eye this time? X-as-a-Service – it has made its way into most areas of financial services and commerce, to the delight of some […]

Central banks of Spain and France late with Calypso tech project


Banque de France and Banco de España are running late with their implementation of a new treasury and capital markets (TCM) system, Banking Technology understands. The two banks jointly opted for a new solution in 2013/14. It is understood that Calypso was chosen to replace a host of legacy technology, including Wallstreet Suite from Wall […]

Tokai Tokyo Securities goes live with Fidessa’s trading platform

Hong Kong

Tokai Tokyo Securities (Asia) has gone live in Hong Kong with Fidessa’s trading platform as a fully outsourced service. Nishida Tadahiko, director and president of Tokai Tokyo Securities (Asia), says: “We have been using the Fidessa system for years in Japan [where the parent company, Tokai Tokyo Financial Holdings, is located], with full confidence in […]

NCR and Huntington Technology Finance team up for ATM lease financing


NCR Corporation (NCR) has signed a strategic alliance agreement with US-based Huntington Technology Finance to provide lease financing for NCR ATMs, including “ATM-as-a-Service” type options, for financial institutions (FIs). The new relationship gives FIs a single, monthly (or quarterly) payment for their NCR equipment, deployment, service, administration and software. Gordon Fraser, remote services management director, […]

Avaloq migrates KBL Switzerland to BIL Suisse’s BPO solution


Avaloq Sourcing Switzerland, Avaloq’s business process outsourcing (BPO) subsidiary (previously B-Source), has migrated KBL Switzerland to the BPO platform of Banque Internationale à Luxembourg (BIL Suisse). The BPO solution is based on the vendor’s flagship core banking platform, Avaloq Banking Suite, and the migration took five months. BIL Suisse acquired the Swiss subsidiary of KBL […]