Temenos cuts jobs in US; eyes D+H payments business

Someone gotta go...

Banking software vendor Temenos is understood to have laid off a number of staff across its operations in the US, including at the Trinovus and Akcelerant subsidiaries. It is also understood to be eyeing the payments business of DH Corporation, Global Transaction Banking Solution (GTBS, formerly Fundtech).

UniCredit to unify global transaction business on one platform

UniCredit in technology standardisation drive

Italian banking heavyweight, UniCredit, is working on standardising its global transaction business (GTB) on one platform, underpinned by D+H’s Global PayPlus (GPP) system. GPP is supplied by D+H’s Global Transaction Banking Solution (GTBS) unit, formerly known as Fundtech. UniCredit’s GTB business covers 17 countries – the bank has accrued it via an aggressive M&A strategy […]

Allied Irish Banks to modernise payments software with Dovetail

Allied Irish Banks in payments software modernisation

Allied Irish Banks (AIB) is set to modernise its payments platform. The bank has recently concluded a system selection to that effect. The new supplier is Dovetail, Banking Technology understands. The new payments hub will support high-value, low-volume payments as well as high-volume, low-value ones. Dovetail’s solution will replace the Global PayPlus (GPP) legacy platform […]

D+H Corporation bullish on payments software business

Gerrard Schmid, D+H Corporation,

North American software provider, D+H Corporation, has made optimistic noises over its Global Transaction Banking Solution (GTBS) unit in its latest financial results. The vendor claims to have “won a majority of payment hub RFPs” as well as “surpassed the Fundtech [now GTBS] backlog record” in generating revenue from the existing projects. Gerrard Schmid, CEO […]

Real-time payments: coming to America?


When the US Federal Reserve Banks asked for comments on improving the US payments system, the tech industry and merchants said “let’s go” while the incumbents said “whoa, not so fast” …

Fundtech and Zafin form bank payments system alliance

Gil Gadot: payments should be made simple

Banks will soon be able to use combined services from Fundtech, a company that provides transaction banking software, and Zafin Labs, a relationship banking specialist, following a partnership between the two firms.

Fundtech slips into Asia with Decillion deal

Singapore-based Swift service bureau Decillion has sealed a deal with Fundtech that will provide the US company with a physical presence in Asia through its local offices in Australia, China, Hong Kong, Indonesia, Malaysia, Thailand and Vietnam. It will give customers in Asia access to local support in their own language and time zone. Fundtech already has a network of 600 banks outside Asia, making it the largest Swift service bureau in the world