Core bankingRSS

UK building society trio switch to Unisys cloud

Loughborough (pictured), Ipswich and Dudley building societies are the lates to join the cloud

Three independent UK building societies – Ipswich, Loughborough and Dudley – have agreed to use a new software as a service solution from Unisys to handle their mortgage and savings accounts. The deal represents the latest move in a series of steps by the UK’s building society sector to adopt cloud platforms.

AIBK Bank Egypt adopts Temenos T24 banking tools

Egypt's AIBK plans to use T24 to grow its business - including Islamic finance

Arab Investment Bank Egypt has chosen Temenos T24 as its technology platform as it draws up its expansion plans for North Africa’s largest economy.

Swansea Building Society upgrades Sopra savings system

Swansea Building Society has adopted Sopra technology for its local lending and savings business

Swansea Building Society has just upgraded its lending and saving platform to the latest version of vendor Sopra Banking Software’s mortgage and savings suite – a move that it says will help it to handle its regulatory reporting obligations much more effectively and launch new products quicker when needed.

Crane Bank of Uganda adopts Temenos banking system

Uganda's Crane Bank will use Temenos technology to help its African expansion

Uganda’s Crane Bank has chosen a core banking system from Temenos, together with various add-on systems, to support the bank’s Uganda head office as well as its expansion into neighbouring Rwanda.

Furness Building Society installs core banking platform

Barrow's Furness Building Society will use a Sopra core banking platform

Furness Building Society has chosen a mortgage and savings suite from vendor Sopra Banking Software, to act as the society’s core banking platform. The new system is intended to help the society become more flexible and develop new products, especially online products.

Cooperative Bank of Kenya fuels African expansion with Misys core banking tools

Kenya's Cooperative Bank is planning expansion across Africa, including into South Sudan

Cooperative Bank of Kenya has implemented Misys BankFusion, a core banking platform which the bank says has helped it increase its transaction processing by double and end of day processing by 40%.

Banco Itaú Suisse installs ERI private banking platform

Itaú Unibanco will use ERI's private banking platform in Switzerland

Banco Itaú Suisse, the Swiss business of Latin American bank Itaú Unibanco, has chosen a private banking business system from software vendor ERI as part of a drive to make the Swiss unit a central hub for the Group’s European private banking business.

ACI Worldwide targets “fragmented” retail bank payment systems

Paul Thomalla ACI Worldwide

Large retail banks sometimes find it hard to change because they have assimilated many smaller banks through acquisition, each of which is running on a payments engine that has different features and may be very old. That can make it difficult to offer new services, but there is a solution according to Paul Thomalla, head of EMEA at US-based payments and technology firm ACI Worldwide.

FIS sets sights on eastern Europe with new cloud banking platform

FIS is targeting Poland and eastern Europe with its new cloud-based core banking utility

US banking and payments technology specialist FIS has launched a cloud-based real time core banking utility aimed at mid-tier banks in central and eastern Europe, which it says will help client to roll out new products faster and cheaper than ever before.

Life beyond legacy: exploring the options

Amanda Gilmour

The payment industry has never seen so much change or opportunity. It continues to be reshaped by shifts in the economic landscape, new technologies and customer needs and this is set to continue.