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Bank of Ireland’s new CEO reviews tech revamp

Bank of Ireland

Bank of Ireland’s new CEO is understood to be reviewing its five-year €900 million modernisation initiative – aka Project Omega – according to the Irish Times. As Banking Technology reported last year, the new set-up will be hosted by Capgemini. The bank was known to be evaluating a joint Software-as-a-Service (SaaS) offering from Temenos and […]

Five steps, five minutes, €5 – KBC launches new mobile app for current accounts

KBC Bank Ireland

KBC Bank Ireland has unveiled a new mobile app that allows customers to open, activate and use their bank account “at any time, within just five minutes”. The bank says this is “completely unique to the Irish market” and the app’s official launch follows months of development and testing with consumers. The app is available […]

Fern Software launches first of its kind API offering

Banking API is now a reality Image source: Serpstat

Core banking software provider Fern Software has opened its Abacus HUB Cloud platform to third parties in the UK and Ireland.

Irish Stock Exchange goes live on Deutsche Börse’s T7 trading tech

Irish Stock Exchange 1

The Irish Stock Exchange (ISE) has implemented Deutsche Börse’s new T7 trading platform for the Irish equity market. According to Deutsche Börse, this new platform reduces cost for international trading firms to connect and trade equities on the ISE, due to lower development and maintenance costs for firms, which are active on T7 across multiple […]

Three clear winners clinch Citi integrity challenge

Citi

Citi has revealed the three winners from its Tech for Integrity Challenge (T4I) Demo Day in Dublin – all part of its plan to promote integrity, accountability and transparency in the public sector and beyond. Fintech developers from eight countries presented their working prototypes; and the “award recipients” from the Demo Day included: T4I Award […]

Allied Irish Banks hit with €2.3m fine for AML fails

AIB 1

Allied Irish Banks (AIB) has been fined €2.3 million by Ireland’s central bank for compliance failures over anti-money laundering (AML) and terrorist financing laws. AIB was reprimanded for six breaches of the law – which occurred between July 2010 and July 2014. It has admitted to these breaches. The central bank says AIB failed to […]

Accenture and Capgemini to work on Bank of Ireland’s tech revamp

Bank of Ireland

One of Ireland’s “big four” banking players, Bank of Ireland, has embarked on a five-year €500 million modernisation venture – aka Project Omega. It includes a front-to-back office technology overhaul, with Temenos providing new solutions.

AIB looks to modernise digital banking tech

Allied Irish Banks in digital software modernisation

Allied Irish Banks (AIB) is believed to be in the market for new digital banking software. Banking Technology understands a number of vendors have done their demos for the bank, Infosys with its Finacle digital banking platform among them.

KBC Bank Ireland turns to TSYS technology

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KBC Bank Ireland has signed up payments technology company Tsys to help launch its debit card portfolio in Ireland.

Online banking use drops as mobile use doubles finds Accenture study

high-street-scene

Banks in the UK and Ireland need to adjust to changing consumer behaviour as customers cut back on the amount of time they spend banking online and visiting bank branches, according to new research by Accenture.

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