Software-as-a-ServiceRSS

SEFCU outsources core processing to Fiserv DNA

SEFCU swaps in-house legacy tech for Fiserv

SEFCU, a top-50 credit union in the US, is modernising its core processing software with Fiserv.

Mambu’s core banking tech to support lending business of Globe Telecom

Philippines_flag

Banking software developer Mambu has inked a large deal with Fuse, the lending arm of Filipino financial technology firm Mynt. Mynt itself is a subsidiary of Globe Telecom, a Philippines-based telco.

Linedata acquires outsourcing firm QRMO

Linedata takes over QRMO

Linedata has expanded its outsourcing business into Asia with the acquisition of Quality Risk Management & Operations (QRMO), a provider of outsourced middle-office, shadow accounting and risk monitoring services to the asset management and securities industries.

Digiliti Money evaluates go forward strategy as founder quits and revenue falls

Digiliti Money logo

US-based fintech Digiliti Money (formerly Cachet Financial Solutions) is pondering its future in the light of financial troubles and the resignation of its founder, chairman and CEO, Jeffrey Mack.

BNG Bank in regtech project with BearingPoint

BNG Bank goes Mondrian (and implements new regtech)

BNG Bank, a public sector bank in the Netherlands, is implementing BearingPoint’s Abacus regtech solution for MiFID II/MiFIR, EMIR II, MMSR and SFTR reporting.

Pacific Western Bank live with nCino’s Bank Operating System

Pacific Western Bank, ©Tuxyso, Wikimedia Commons

Pacific Western Bank, a $21 billion institution in California, has gone live with nCino’s cloud-based Bank Operating System, replacing in-house systems.

Mortgage tech provider PCLender acquired by Fiserv

Fiserv takes over fellow fintech vendor PCLender

Fiserv has acquired PCLender, a US-based provider of “simple, elegant, internet-based mortgage solutions for community banks, credit unions and mortgage bankers”.

Everyday Loans automates IFRS 9 compliance with Jaywing

jaywing logo

Everyday Loans, a UK-based provider of “loans for bad credit”, has signed for Jaywing’s Horizon solution for IFRS 9 modelling and provision calculation.

Cantilan Bank pioneers cloud-based core banking software in Philippines

Cantilan Bank and Oradian teams

Cantilan Bank is set to become “the first bank in the Philippines to use cloud-based core banking technology in its operations”.

New payments bank launched in India, Fino Payments Bank

India

India has seen the launch of its fourth payments bank, Fino Payments Bank. For its core banking system, the bank uses Profile from FIS, delivered on a hosted basis.

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