Core bankingRSS

Fintech funding round-up: 23 February 2017

funding

Let’s put the fun in funding by keeping it mercifully brief. A round-up of key events. Featuring Tala, Nymbus and Monzo. US micro-loan start-up Tala (formerly InVenture), led by founder and CEO Shivani Siroya, has raised $30 million in Series B funding. The money will support its expansion plans in South Asia and Latin America. […]

UK’s Community Savings Bank Association selects TCS Bancs core banking system

Local banks for local communities

New challenger Community Savings Bank Association (CSBA) has chosen TCS Financial Services’ Bancs core banking system on the cloud for its member banks across the UK. Last year, Banking Technology was the first publication to report on CSBA joining the British banking market. The association, which is registered as a co-operative society plans to set […]

Europe and Asia fuel Temenos earnings rise

Temenos living the American Dream

Banking software vendor Temenos has reported total software licensing growth of 21% and earnings growth of 20% in its full year 2016 results. The vendor is in a vivacious mood, saying it saw growth across all geographies, with Europe and Asia “particularly strong”. Non-IFRS total software licensing revenues in FY 16 were $256.2 million. Total […]

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 […]

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.

Go-lives power Avaloq revenue rise

Avaloq gets new core banking customer in Switzerland

Avaloq has reported increases in its revenue and earnings for the 2016 fiscal year – with three new customers and 28 go-live projects completed. The Swiss firm generated full year revenues of CHF 533 million ($530 million) in 2016, an increase of 10% on a reported basis from CHF 485 million ($482 million) in the […]

UK’s Co-op Bank goes up for sale

co-op bank

The UK’s Co-operative Bank has been put up for sale – with the minority investor Co-op Group saying it is “supportive of the plan to find the bank a new home”. The recent history of Co-op Bank (which markets itself as an ethical bank) has been interesting. It had a disastrous merger with Britannia Building […]

Suncorp core banking revamp stumbles

suncorp-logo

Suncorp’s multi-year venture to modernise its core banking system, known as Project Ignite, has stumbled at the final hurdle. As Banking Technology reported in August 2016, the revamp was in its final stages. However, in questions over its half-year FY17 results, Suncorp told iTnews that the configuration of the platform and product migration has “taken […]

Top fintech stories this week – 10 February 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Temenos cuts jobs in US; eyes D+H payments business EXCLUSIVE. US layoffs cited as around 60 by some sources. Ziraat Bank London to replace legacy core banking tech EXCLUSIVE. Misys Fusionbanking moves in. Banks and UN launch sustainable […]

Banque Libano-Francaise live with Validata ABC for release automation

BLF

Banque Libano-Francaise (BLF) has gone live with the Validata ABC continuous delivery platform.

@banking
techno