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Failed bank in Uganda spent millions of dollars on non-existing tech

Crane Bank

Crane Bank, a failed bank in Uganda, spent millions of dollars on IT services and software that was never supplied, according to a report by PricewaterhouseCoopers (PwC) into the bank’s mismanagement.

Jenius digital bank gets clever with Finastra

Jenius 1

Jenius digital bank, part of Indonesia’s Bank Tabungan Pensiunan Nasional (BTPN), has chosen Finastra’s (formerly Misys) FusionBanking Essence Digital platform. Peterjan van Nieuwenhuizen, head of digital banking at BTPN, says it has “built a system that enables our customers to complete basic banking processes without going to the branch”; and with an “expanding middle class […]

Oman Arab Bank upgrades core banking system with Finastra

Oman Arab Bank

Oman Arab Bank (OAB), a long-standing customer of Finastra (formerly Misys), is implementing the Fusionbanking Essence core banking system. It will replace Misys’ Equation platform, in operation at the bank for over three decades.

Top fintech stories this week – 7 July 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Alfa-Bank buys Misys Equation source code

Alfa-Bank buys Misys Equation source code

Alfa-Bank, a top ten bank in Russia by assets and profit, has purchased the source code of its core banking system, Misys Equation. The solution is provided by Finastra (formerly Misys).

Rabobank builds cross-border payments hub with Finastra

Rabobank in cross-border payments revamp

Rabobank is modernising and centralising its cross-border payments operations. The software supplier for the new payments hub is Finastra (formerly Misys and D+H).

Top fintech stories this week – 16 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Misys and D+H merge to launch fintech titan Finastra

finastra 1

Misys and DH Corporation (D+H) have joined forces to create Finastra, the third largest financial services technology company in the world. As reported in March, D+H was acquired by Vista Equity Partners for $3.6 billion. The venture capital firm, which owns UK-based banking software vendor Misys, beat rival Advent International to acquire D+H. Finastra will […]

Case study: Amsterdam Trade Bank – Amster-can

Amsterdam Trade Bank logo1

A bank-wide replacement of its main business applications is ambitious enough but it is just the starting point for Amsterdam Trade Bank (ATB), as it seeks to harness new technologies, adopt a new culture and digitise its business.

Misys scores another core banking system deal in Myanmar

Myanmar is busy with banking tech projects

Myanmar-based Ayeyarwady Bank (AYA Bank) has signed for Misys’ Fusionbanking Essence core banking platform.

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