BPORSS

Banking tech vendor Ohpen acquires FYNN Advice for implementation capabilities boost

Ohpen

Core banking tech vendor Ohpen has acquired a fellow Dutch fintech firm, FYNN Advice, which specialises in core banking software implementations.

Webhelp acquires regtech firm GreenPoint

Webhelp gone shopping

Webhelp, a Paris-based customer experience and business process outsourcing (BPO) firm, has acquired fellow French tech company GreenPoint.

ERI and Swisscom team for hosted core banking tech and ops

Outsourcing

Switzerland-based core banking software provider ERI has joined forces with another domestic IT firm Swisscom to offer private-banking and wealth management outsourcing services to banks and financial institutions operating in the Swiss financial centres.

Commerzbank processes first BPO live transactions in Austria

Commerzbank logo

Commerzbank has processed the first bank payment obligation (BPO) transactions in Austria, covering the import of bus components from Germany and Italy. The buyer, a customer of Commerzbank Austria, is TAM-Europe, located in Slovenia. The suppliers are MAN Truck & Bus, headquartered in Munich, and ISAF Bus Components, an Italy-based supplier and customer of UniCredit. […]

Axion Swiss Bank live with Avaloq Banking Suite

Lugano, home of Axion Swiss Bank

Axion Swiss Bank has fully replaced its legacy tech – ERI’s Olympic core banking system – with Avaloq Banking Suite.

Arab Bank Switzerland ditches FIS/Sungard core system for Avaloq BPO

Arab Bank (Switzerland) in tech revamp

Arab Bank (Switzerland), a private bank in Geneva, has signed a long-term deal with Avaloq for the vendor’s complete business process outsourcing (BPO) services.

SNS Bank selects Ohpen for BPO core processing services

Ohpen

Amsterdam-based banking software vendor Ohpen has signed a long-term outsourcing agreement with Dutch state-owned bank SNS to deliver its business process outsourcing (BPO) solutions to support the investment propositions of ASN Bank, BLG Wonen, RegioBank and SNS. The services, underpinned by Ohpen’s Microsoft.Net-based core banking platform, will start by the end of 2017. Ohpen CCO […]

FNZ to build new BPO centre for Kleinwort Benson, SG Hambros and Société Générale’s private banking business

ScGen

FNZ, an investment management software specialist, is working on a major technology revamp at the UK-based private bank and wealth manager Kleinwort Benson, Banking Technology understands.

Commerzbank and UniCredit complete first BPO live transaction in UK

Commerzbank logo

Commerzbank London and UniCredit have “successfully” processed the first UK Bank Payment Obligation (BPO) live transaction. The banks say with the backing of the ICC Banking Commission and Swift, there has been a “growing demand for, and an increasing number of”, BPO transactions, as a “proven” digital settlement tool. Raphael Barisaac, global head of trade […]

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 […]

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