This week's vendors and consultants roundup include BBVA's selection of Acenture's core banking solution, Western Union's money transfer deal with Emirates NBD Bank, Wincor Nixdorf's ten-year contract with Kreissparkasse Peine, and SunGard Financial System's new CEO.
April 01, 2011 | The Asian Banker Editor“The key in migration is to be as
transparent to customers as we can.”
Sergio
Fidalgo, CIO of BBVA Compass, commenting on the bank’s overhaul of its core
banking system and the need to ensure that customers continue to enjoy a smooth
banking experience.
Corporate Developments
SunGard, a provider of IT and software services, has purchased ValueLink Information Services, a provider of validated financial data solutions. The acquisition will enable SunGard to incorporate validated security pricing and corporate actions data in its range of investment management solutions.
Bottomline Technologies, a provider of payment, invoice and document solutions, will be acquiring Allegient Systems, a provider of e-documentation and analytics, for $48 million, allowing Bottomline Technologies access to Allegient Systems’s e-documentation solutions.
The US subsidiary of Loomis, a provider of cash management services, will purchase the cash management division of Pendum, a provider of ATM services, enabling Loomis to expand its presence in cash management for the financial services industry.
Core Banking
Tata Consulting Services, a provider of IT services and business solutions, has signed a deal with China’s Shanghai Rural Commercial Bank to provide the bank with BaNCS, its core banking solution, to help the bank improve its product development and enhance its competitiveness in the market.
Spain’s BBVA has selected Accenture’s Alnova Financial Solutions core banking solution to help support the bank’s technology overhaul of BBVA Compass, its US banking subsidiary.
Laos’ Bank of the Lao PDR has selected Oracle’s Flexcube...
Categories:
Technology & OperationsKeywords:Accenture, TCS, Western Union, Wincor Nixdorf, SunGard
This week's vendors and consultants roundup include BBVA's selection of Acenture's core banking solution, Western Union's money transfer deal with Emirates NBD Bank, Wincor Nixdorf's ten-year contract with Kreissparkasse Peine, and SunGard Financial System's new CEO.
April 01, 2011 | The Asian Banker Editor“The key in migration is to be as
transparent to customers as we can.”
Sergio
Fidalgo, CIO of BBVA Compass, commenting on the bank’s overhaul of its core
banking system and the need to ensure that customers continue to enjoy a smooth
banking experience.
Corporate Developments
SunGard, a provider of IT and software services, has purchased ValueLink Information Services, a provider of validated financial data solutions. The acquisition will enable SunGard to incorporate validated security pricing and corporate actions data in its range of investment management solutions.
Bottomline Technologies, a provider of payment, invoice and document solutions, will be acquiring Allegient Systems, a provider of e-documentation and analytics, for $48 million, allowing Bottomline Technologies access to Allegient Systems’s e-documentation solutions.
The US subsidiary of Loomis, a provider of cash management services, will purchase the cash management division of Pendum, a provider of ATM services, enabling Loomis to expand its presence in cash management for the financial services industry.
Core Banking
Tata Consulting Services, a provider of IT services and business solutions, has signed a deal with China’s Shanghai Rural Commercial Bank to provide the bank with BaNCS, its core banking solution, to help the bank improve its product development and enhance its competitiveness in the market.
Spain’s BBVA has selected Accenture’s Alnova Financial Solutions core banking solution to help support the bank’s technology overhaul of BBVA Compass, its US banking subsidiary.
Laos’ Bank of the Lao PDR has selected Oracle’s Flexcube...
Categories:
Technology & OperationsKeywords:Accenture, TCS, Western Union, Wincor Nixdorf, SunGard