This week's vendors and consultants roundup include MasterCard's purchase of a stake in India's ElectraCard's services, Group Caixa Banco e Investimento's selection of Misys' core banking solution, Barclay Bank's partnership with Kenyan telco Safaricom, and the EC's approval of RBS's sale of 300 bank branches to Santander.
October 15, 2010 | The Asian Banker EditorQuote: Categories: Keywords:MasterCard Worldwide, Misys, Fiserv, Wincor Nixdor, SunGard
"[The
more] time IT or business people put into
innovation, the less innovation actually occurs."
Head
of application delivery at
Australia's BankWest, Dave Williams, on the bank's new internal social
media network designed to help staff solve problems.
Corporate Developments
MasterCard
Worldwide has taken a 12.5% stake in India's ElectraCard Services, a provider
of third party processing services and software for credit, debit and prepaid
cards and EFT switching solutions to banks across 25 countries.
Equifax acquired
Anakam, a provider of large-scale, software-based, multi-factor authentication
solutions, for an undisclosed sum.
Chinese
IT consultancy iSoftStone Information Technology has acquired Ascend
Technologies, as US-based provider of IT services and business consulting
services to global banking and financial services.
Core Banking
Westpac
is delaying until 2014 the integration of its core banking system with that of
St George Bank's, which it acquired in 2008, citing the need to focus on
customer-facing technologies instead.
India's
Canara Bank went live with a new IBM core banking solution to support 1,057
branches, 2,000 ATMs, and 25,000 concurrent users.
Portugal's
Group Caixa Banco e Investimento has decided to use Misys' BankFusion Midas for
its core banking replacement. Misys Almonde will help with the integration.
E-channels
Citi
claimed it has had no Internet fraud among the bank's 200,000 online customers in
Australia over the last 12 months by using a two factor authentication. It will
now extend this system to its mobile banking customers.
This week's vendors and consultants roundup include MasterCard's purchase of a stake in India's ElectraCard's services, Group Caixa Banco e Investimento's selection of Misys' core banking solution, Barclay Bank's partnership with Kenyan telco Safaricom, and the EC's approval of RBS's sale of 300 bank branches to Santander.
October 15, 2010 | The Asian Banker EditorQuote: Categories: Keywords:MasterCard Worldwide, Misys, Fiserv, Wincor Nixdor, SunGard
"[The
more] time IT or business people put into
innovation, the less innovation actually occurs."
Head
of application delivery at
Australia's BankWest, Dave Williams, on the bank's new internal social
media network designed to help staff solve problems.
Corporate Developments
MasterCard
Worldwide has taken a 12.5% stake in India's ElectraCard Services, a provider
of third party processing services and software for credit, debit and prepaid
cards and EFT switching solutions to banks across 25 countries.
Equifax acquired
Anakam, a provider of large-scale, software-based, multi-factor authentication
solutions, for an undisclosed sum.
Chinese
IT consultancy iSoftStone Information Technology has acquired Ascend
Technologies, as US-based provider of IT services and business consulting
services to global banking and financial services.
Core Banking
Westpac
is delaying until 2014 the integration of its core banking system with that of
St George Bank's, which it acquired in 2008, citing the need to focus on
customer-facing technologies instead.
India's
Canara Bank went live with a new IBM core banking solution to support 1,057
branches, 2,000 ATMs, and 25,000 concurrent users.
Portugal's
Group Caixa Banco e Investimento has decided to use Misys' BankFusion Midas for
its core banking replacement. Misys Almonde will help with the integration.
E-channels
Citi
claimed it has had no Internet fraud among the bank's 200,000 online customers in
Australia over the last 12 months by using a two factor authentication. It will
now extend this system to its mobile banking customers.
