This week's vendors and consultants roundup includes Tesco bank's delayed core banking upgrade, Western Union's money transfer deal with La Banque Postale, CBO's appointment of Ernst & Young as advisors, and Visa's new head of mobile.
October 14, 2011 | The Asian Banker Editor"Cloud is great for small and midsize] businesses, but I
don't think it's completely relevant for large, complex banks”
Anne Weatherston, ANZ Bank's chief information officer,
commenting on where the Cloud and financial institutions are at this point of
time.
Corporate Developments
IBM will be acquiring Q1 Labs,
a provider of security intelligence software. The acquisition will
allow IBM to help customers to ensure the security of the business using
analytics from important domains and creating personalized security
dashboards for their organizations.
SunGard, a
provider of financial technology services, has purchased 42 solution, a
leasing and financing process management solution, from Northern Arch.
A new unit, to be named Ambit Asset Finance, will be established as a
result of this purchase. The unit will focus on asset finance and
leasing services.
Core Banking
Tesco Bank
will be delaying a planned upgrade of the bank’s core banking systems
as a result of technical glitches earlier in the year that left
customers unable to access their online accounts. The delay is estimated
to cost Tesco Bank about $63 million.
IBM has signed a deal with India’s Nawanagar Bank to provide the bank with InfraSoftTech OMNIEnterprise, a core banking solution on a hosted cloud services model that IBM developed in partnership with Infrasoft Technologies. This will help the bank to offer automated, state-of-the-art financial banking transactions to its customers.
Polaris Software, a provider of financial technology services, will be providing Vietnam Bank
of Social Policies with its Intellect core banking solution to help the
bank centralize operati...
Categories:
Technology & OperationsKeywords:IBM, SunGard, Tesco Bank, Ingenico, Western Union, Absa Capital, FinArch, Fiserv, Visa, Omgeo
This week's vendors and consultants roundup includes Tesco bank's delayed core banking upgrade, Western Union's money transfer deal with La Banque Postale, CBO's appointment of Ernst & Young as advisors, and Visa's new head of mobile.
October 14, 2011 | The Asian Banker Editor"Cloud is great for small and midsize] businesses, but I
don't think it's completely relevant for large, complex banks”
Anne Weatherston, ANZ Bank's chief information officer,
commenting on where the Cloud and financial institutions are at this point of
time.
Corporate Developments
IBM will be acquiring Q1 Labs,
a provider of security intelligence software. The acquisition will
allow IBM to help customers to ensure the security of the business using
analytics from important domains and creating personalized security
dashboards for their organizations.
SunGard, a
provider of financial technology services, has purchased 42 solution, a
leasing and financing process management solution, from Northern Arch.
A new unit, to be named Ambit Asset Finance, will be established as a
result of this purchase. The unit will focus on asset finance and
leasing services.
Core Banking
Tesco Bank
will be delaying a planned upgrade of the bank’s core banking systems
as a result of technical glitches earlier in the year that left
customers unable to access their online accounts. The delay is estimated
to cost Tesco Bank about $63 million.
IBM has signed a deal with India’s Nawanagar Bank to provide the bank with InfraSoftTech OMNIEnterprise, a core banking solution on a hosted cloud services model that IBM developed in partnership with Infrasoft Technologies. This will help the bank to offer automated, state-of-the-art financial banking transactions to its customers.
Polaris Software, a provider of financial technology services, will be providing Vietnam Bank
of Social Policies with its Intellect core banking solution to help the
bank centralize operati...
Categories:
Technology & OperationsKeywords:IBM, SunGard, Tesco Bank, Ingenico, Western Union, Absa Capital, FinArch, Fiserv, Visa, Omgeo
