02 Jan

Banking Technology News 2.Jan.2018

Market Intel

Top ten core banking software projects in 2017 – Openbank goes for Temenos T24 core banking system, Airtel Payments Bank live with new core banking system, Come Dime with me for Fiserv’s core banking DNA, Co-op Money NZ moves members to Flexcube, Santander UK to revamp corporate tech with Infosys Finacle. Read More

Top ten digital bank initiatives in 2017 Spain’s first fully digital bank Openbank in major transformation, BPCE targets revenue growth with ꈸm digital revamp, TSB unveils new banking tech platform, Proteo4UK, BNP Paribas to invest 䚻bn in digital transformation, Digital bank bunq goes international with open API. Read More

Top ten payments projects in 2017 – Fiserv buys payments software vendor Dovetail, Standard Chartered and Axis Bank launch cross-border payments, European SEPA Instant Credit Transfer scheme goes live, Swift unveils “first ever”cross-border payments tracker, Payments UK predicts debit cards to overtake cash in 2018. Read More

Italian banks to test R3 Corda for payments reconciliation – The research and innovation centre of the Italian Bankers Association, ABI Lab, is building a blockchain proof-of-concept to handle straight-through processing of interbank reconciliations over the R3 Corda platform. Read More

Client/Prospect Intel

Barclays begins preparations for Open Banking – With multiple consumer surveys indicating that Brits have limited awareness of the new data sharing regime, Barclays is among the first of the UK’s big banks seeking to publicly educate its customers on the issue. Read More

The Bank of Montreal Group is embracing collaboration in the digital era Fintech companies are often seen as a threat to established banks, but partnerships between the two can drive innovation. The Bank of Montreal is embracing industry disrupters. Read More

Competition Intel

Fiserv deploys AML solution for international financial exchange – Fiserv announced that LuLu Exchange, a provider of cross-border remittance, currency exchange and other financial services for consumers and businesses, will enhance its financial crime prevention capabilities with a cloud-based version of Fiserv AML Risk Manager. Read More

Jack Henry completes $130M acquisition Jack Henry & Associates finalized a $130 million acquisition a month after announcing the deal. Ensenta will complement Jack Henry’s existing Enterprise Payment Solutions group, which offers risk management tools. Read More

How TCS transitioned, while Infosys battled a stormy yearA storm was raging in Bengaluru. It was tearing the $10-billion Infosys inside out because cofounder NR Narayana Murthy was at war with its board led by nonexecutive chairman R Seshasayee. It hogged the headlines, television airtime and WhatsApp groups. Read More

Bank Sohar wins Infosys Finacle Client Innovation Award – Continuing the age of excellence, innovation and alacrity in Oman’s banking sector, Bank Sohar again has won an award for its endeavours in these areas at the Infosys Finacle Client Innovation Awards ceremony, held recently at Infosys campus in Mysore, India. Read More

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