T24RSS

Temenos vs Finacle in Union Bank of Israel’s core banking system search

Finacle vs Temenos in core banking system selection in Israel

EXCLUSIVE: Union Bank of Israel (also known by its Hebrew name – Bank Igud) is looking for a new core banking system and supplier.

LarrainVial finally goes live with Temenos’ T24 core banking system

Temenos gains new live site in Palestine

Chile-based LarrainVial has implemented Temenos’ T24 platform – seven years on from signing the contract – as it seeks growth throughout the Americas including in Chile, Colombia, Peru, and the US.

Openbank step closer to new core banking system decision

Openbank in core banking system selection

EXCLUSIVE: Openbank, a digital bank in Spain (and part of Santander) is believed to be in the concluding stages of its core banking system selection.

Al Masraf to swap ITS Ethix for Temenos T24 core banking system

Al Masraf to overhaul front-to-back office tech with Temenos

UAE-based Arab Bank for Investment and Foreign Trade (Al Masraf) is modernising its front-to-back office technology with Temenos. On the way out is the Ethix core banking system from regional vendor International Turnkey Systems (ITS).

Harrods Bank acquired by challenger Tandem

Farewell, Harrods Bank

UK-based challenger bank Tandem has singed an agreement to acquire Harrods Bank. Tandem says it will “benefit from around £80 million of capital coming into the business”. It will also provide Tandem with a banking licence.

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.

Banking tech consultant and integrator Sofgen to be absorbed into Tech Mahindra

merger-300x300

Sofgen, a Switzerland-based IT consultant and integrator in the financial services and banking space, is undergoing major organisational restructuring. As a result, it will be completely absorbed into its parent, Tech Mahindra, Banking Technology understands.

PCFG has banking licence restriction lifted, goes live with core and digital banking tech

uk flag

UK-based Private & Commercial Finance Group (PCFG) has had its banking licence restrictions lifted. It has gone live with a new core banking system, Temenos’ T24, a front-end digital platform from Sandstone Technology and the ICS lease and loan administration solution from Sopra Banking Software.

State Bank of Vietnam live with new core banking system, Temenos T24

State Bank of Vietnam in major tech overhaul

State Bank of Vietnam (SVB), the country’s central bank, is live with new core banking system, Temenos’ T24. The bank has also implemented Oracle ERP (accounting and budgeting) and Tibco’s middleware.

New core banking system for Nigeria’s microfinance banks

Nigeria

Inlaks, a banking software provider in Nigeria and West Africa, has built a core banking solution together with the Central Bank of Nigeria (CBN) for the country’s microfinance sector.

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