Core Banking

EdgeVerve Systems Positioned As a Leader in the Gartner Magic Quadrant for Global Retail Core Banking

Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys (NYSE: INFY), today announced that it has been positioned as a Leader in Gartner’s Magic Quadrant for Global Retail Core Banking1. Gartner evaluated 10 Core Banking solution vendors on 15 criteria spread across ‘Ability to execute’ and ‘Completeness of vision’. EdgeVerve Systems has been recognized as a Leader by Gartner for the 11th consecutive year. Read more »

Hungary’s MKB Bank Goes Fully Digital with Oracle

MKB Bank, Hungary’s fourth largest commercial bank has today announced it is the first in the country to take a leap towards digital and open banking after transforming its entire technology system. Its transformation has included a full replacement of its core banking system, the retirement and consolidation of roughly 10 additional systems, and the modernization of its entire IT architecture. Read more »

Maalem Financing Taps Path Solutions Islamic Core Banking Platform

In line with its new business and innovation strategy, Maalem Financing has signed an agreement with Path Solutions, the Islamic banking software specialist, in which iMAL Islamic core banking platform will be rolled out progressively at the company’s headquarters.    Read more »

Banque du Caire signs Temenos 24 Core Banking

Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that Banque du Caire has selected Temenos T24 Core Banking as part of its vision in becoming the region’s leading bank. Banque du Caire has chosen Temenos’ leading T24 Core Banking solution to replace its current solution. T24 will be deployed along with Temenos solutions for Channels, Financial Crime Mitigation, Front Office, Payments, and Risk &... more Read more »

Avaloq recognised as a Leader in 2018 NelsonHall Evaluation & Assessment Tool for Wealth and Asset Management

The Avaloq group, the international fintech company and leader in the development and operation of core and digital banking software, has been recognised by NelsonHall as a Leader in its 2018 Wealth and Asset Management NEAT (NelsonHall Evaluation Assessment Tool).* NelsonHall, the leading global IT and business services analyst firm, has recognised Avaloq as a leading vendor in its Wealth and Asset Management NEAT to support customers’... more Read more »

Core Banking Provider Ohpen raises €25 Million Series C Financing for International Expansion to third Country

The world’s only cloud-based SaaS core banking provider Ohpen has successfully closed a €25 million Series C investment round, with private equity firm Amerborgh. Ohpen will use these funds to further fuel growth and expand into a third country, where it will enable financial services companies to digitalise their services and migrate their customer accounts into the cloud. Read more »

Path Solutions Signs Sudan Financial Services Co. to iMAL

Kuwait-based Path Solutions, an international core banking system provider for Islamic banks and financial institutions, has announced the signing of a licence agreement with Sudan Financial Services Company (“SFSC”), giving Path Solutions unrestricted access to deploy its iMAL Enterprise Islamic & Investment System across their business. Read more »

Core Banking Provider Ohpen secures € 15 Million Series B financing at €100 million valuation

Cloud-based core-banking provider Ohpen has secured a € 15 million Series B investment round led by private equity firm Amerborgh to accelerate international growth. Ohpen, founded in 2009, is a cloud-based core-banking engine, built for the efficient administration of retail investment and savings accounts. Read more »

Path Solutions Achieves GoodAccredited Standard for Seventh Year in a Row

Kuwait-based Path Solutions, an international core banking system provider for Islamic banks and financial institutions, has announced it has received the GoodAccredited Standard for the seventh consecutive year. Read more »

Kaiperm Diablo Federal Credit Union deploys NYMBUS SmartCore

NYMBUS Inc., a provider of the world’s most current mission-critical core banking technology, today announced Kaiperm Diablo Federal Credit Union has selected NYMBUS SmartCore to enable growth and differentiation. With NYMBUS SmartCore, a full holistic core banking platform, Kaiperm Diablo will be able to modernize the digital customer experience for its members in Northern California, while streamlining back-end operations and processes. Read more »

Elaborated "DBS iWealth" platform presents to wealth management audience integrated functions via a single dashboard

DBS, Singapore’s biggest and Asia-Pacific’s fifth largest private bank, continues digital transformation of its wealth management business, with the latest enhancement to its wealth platform, "DBS iWealth". The novel and elaborated wealth management app empowers clients to direct their banking operations, control their wealth and also trade on a single platform – the first in Singapore. Read more »

FinTech Startup bridges banks and developers, securing $1.3m funding led by Connect Ventures

Serial start-up offer ‘win-win’ solution, bank API platform to enhance financial innovation and prevent banks from getting left behind. TrueLayer has revealed the private beta of its API platform that will link applications with banks and financial institutions. The platform supplies developers with an access to the bank data they need to build new apps and services. Financial providers and other regulated businesses will also be able to utilize... more Read more »

Bank of Valletta Modernising Core Banking Software With Oracle FSS’s Flexcube

Malta-based Bank of Valletta (BOV) is modernising its core banking software with Flexcube from Oracle FSS.   The new solution will “underpin all of the bank’s corporate and retail bank offerings across multiple channels,” according to Taddeo Scerri, BOV group chairman. It will replace Temenos’ T24 core banking system. Temenos was chosen by the bank in 2010 to replace a legacy solution, Profits, supplied by another banking software supplier, ... more Read more »

Profile Software to showcase its solutions at Middle East Wealth Management Forum in Dubai

Profile Software, an international financial solutions provider, today announced its sponsorship of the Middle East Wealth Management Forum organized by Hubbis, taking place on the 24th of January at the Ritz Carlton, DIFC in Dubai, UAE. Profile’s executives will demonstrate the client centric and innovative platforms that address the Wealth Management industry’s requirements. Read more »

Fiserv signs De Surinaamsche Bank

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that De Surinaamsche Bank (DSB), the largest commercial bank in Suriname, has extended and expanded its long-standing relationship with Fiserv. DSB will implement DigitalAccess from Fiserv to enable online and mobile banking for retail and commercial customers. In addition, the bank is upgrading to the latest version of the... more Read more »

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